The Nation State Case for Bitcoin with Balaji Srinivasan - WBD316
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 2 March 2021
⏱️ 107 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Friday 19th February Company: balajis.com Role: Angel Investor & Entrepreneur
The corporate adoption of bitcoin has widely defined the last 12 months for bitcoin. Following Michael Saylor's watershed move, companies such as Tesla and Square have been adding bitcoin to their treasuries.
Many see the next logical step as nation-states adding bitcoin to their reserves. While some countries like Estonia and Malta have been very open to bitcoin, a large number still, at least publicly, have a less welcoming stance.
The Indian government recently announced its intention to ban 'private' cryptocurrencies, including bitcoin, fearing adoption would threaten national security and create a capital outflow from the country. Balaji Srinivasan thinks this is the wrong move and put forward the opposite case in his recent article Why India Should Buy Bitcoin.
In this interview, we discuss the benefits to a nation-state adopting bitcoin, why India are the perfect first mover and the demise of Silicon Valley.
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Transcript
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| 0:00.0 | It's basically like the best investment of all time, right? |
| 0:04.0 | And I have a feeling that it's not going to settle down for a while. |
| 0:08.0 | You know, I mean, it could go to a million, even 10 million. |
| 0:12.0 | A million is no longer a crazy number to put out there for |
| 0:14.1 | Bitcoin. |
| 0:14.7 | Hello there from Bedford in the United Kingdom and the |
| 0:18.3 | Bitcoin capital of the world. How are you all doing? |
| 0:21.5 | You're having a good week. |
| 0:23.0 | Bitcoin is back over 50,000. |
| 0:25.0 | Well it dipped back over is looking pretty strong. |
| 0:28.0 | Since it dipped down to 45K, |
| 0:30.0 | got a feeling we're going to see a very good March following a great start of the year. |
| 0:35.0 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken, |
| 0:40.0 | the best place to buy, sell and trade Bitcoin. |
| 0:42.0 | I'm your host Peter McCormack and I've got a cracking interview today. |
| 0:46.0 | I've got my buddy Balagion where we are going to be discussing why nation states and |
| 0:50.6 | specifically India should be buying Bitcoin. This is following an article which |
| 0:55.2 | Bilage wrote called Why India should Buy Bitcoin which is on his medium and linked in the show |
| 1:00.1 | notes. Do go and check that out. Okay before we get into the show, I do have a message from my amazing show sponsors. |
| 1:07.0 | So we are going to kick off today with Krakhan, my favorite place. |
| 1:10.0 | For Buying and selling Bitcoin, and as you know, it is the only place I use for Buying and selling Bitcoin and as you know it is the only place I use for |
| 1:14.1 | buying and selling Bitcoin why peat why cracken well they are consistently rated the |
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