Chapter
Bitcoin as a Store of Value in Wall Street
1:04:33 - 1:09:21 (04:48)
Bitcoin is competing against Wall Street's traditional stores of value such as gold and Swiss bank accounts. As people are interested in stores of value in uncertain times, Bitcoin is trying to be the new digital store of value that could challenge the traditional ones.
Clips
Tim Ferriss recommends "The Tao of Seneca" series, which contains the moral letters to Lucilius, by Seneca, as an amazing source to consume questions and answers from old practitioners who were clear-minded and not affected by the politics of today.
1:04:33 - 1:05:18 (00:44)
Summary
Tim Ferriss recommends "The Tao of Seneca" series, which contains the moral letters to Lucilius, by Seneca, as an amazing source to consume questions and answers from old practitioners who were clear-minded and not affected by the politics of today.
ChapterBitcoin as a Store of Value in Wall Street
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
The highly regulated and bureaucratic nature of Wall Street has made it difficult for technological innovation to disrupt the industry, which accounts for a significant portion of the US economy.
1:05:18 - 1:07:40 (02:22)
Summary
The highly regulated and bureaucratic nature of Wall Street has made it difficult for technological innovation to disrupt the industry, which accounts for a significant portion of the US economy. As opposed to the technology industry, which operates in unregulated spaces, companies like Uber and Postmates have faced challenges in heavily regulated spaces.
ChapterBitcoin as a Store of Value in Wall Street
Episode#473: Naval Ravikant on Happiness, Reducing Anxiety, Crypto Stablecoins, and Crypto Strategy
PodcastThe Tim Ferriss Show
Bitcoin is becoming a trusted, valuable asset as it survives and faces various challenges.
1:07:40 - 1:09:21 (01:41)
Summary
Bitcoin is becoming a trusted, valuable asset as it survives and faces various challenges. Its easy divisibility and verifiability add to its value, and experts consider it the new gold or Swiss bank account.