No Escape from Bitcoin's Gravity with Nik Bhatia - WBD281
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 24 November 2020
⏱️ 85 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Wednesday 18th November Company: USC Marshall School of Business Role: Adjunct Professor of Finance
After dropping to lows of ~$4000 when markets went into freefall following the coronavirus outbreak, Bitcoin has bounced back to a near to all-time high of ~$18,500.
The impact of the pandemic on the economy has been a massive increase in government borrowing and money printing. This response has highlighted the importance of scarce assets which can't be debased.
Gold has historically been the safe-haven asset that money flows into during times of uncertainty. However, many are now turning to Bitcoin, and it is quickly eating into gold's market share.
In a world of fiat currencies, gold and the impending rise of central bank digital currencies, where does Bitcoin fit?
Nik Bhatia has written Layered Money a book looking into this that will be released early in 2021. We discuss his book, where Bitcoin fits in the monetary system, the history of government control over money and central bank digital currencies.
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Transcript
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| 0:00.0 | Bitcoin's time is now. It's just becoming clear to the smartest investors in the room |
| 0:08.8 | that denying Bitcoin is like denying the internet 20 years ago and it's a mistake and you're |
| 0:14.8 | going to get left in the dust and I think that's what we're seeing and to the moon. |
| 0:21.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:25.8 | How are you all? |
| 0:26.8 | Welcome to the What Bitquined in podcast, which is brought to you by The Mighty Cracken, the best |
| 0:30.6 | place to buy, sell and trade Bitcoin. |
| 0:32.4 | I'm your host, Peter McCormack, and today I've got a mon- the best place to buy, sell and trade Bitcoin. |
| 0:32.6 | I'm your host Peter McCormack and today I've got a monster interview. |
| 0:35.4 | I've got Nick Bartier back on the show and we're discussing his upcoming book layered money. |
| 0:40.0 | But before that I do have a message from my amazing show sponsors. |
| 0:43.7 | Okay we're going to kick off today with Karsa the best in Bitcoin security and as I told you |
| 0:48.4 | you know if we go back six months my personal Bitcoin security it was a bit of a mess I hadn't really |
| 0:53.8 | changed anything for a couple of years and I was kind of exposed to my own mistake so I |
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| 1:29.7 | three or five multi-sig. Now that is the best protection for large Bitcoin holders and that also |
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