Chapter
The Competition of Monies and the Value of Bitcoin
1:20:13 - 1:29:50 (09:36)
With the amount of money in gold that is not used for jewelry or central bank reserves being around $5 trillion, Bitcoin and gold portfolios are currently worth about 20% of the value of gold. With the depreciation of fiat money, there will be a competition of monies and Bitcoin could potentially reach high numbers.
Clips
Bitcoin will be part of a competition of various currencies including central bank cryptos amidst the printing of fiat money leading to depreciation of its value, and it has obtained the status of having imputed value over the past 11 years.
1:20:13 - 1:23:20 (03:06)
Summary
Bitcoin will be part of a competition of various currencies including central bank cryptos amidst the printing of fiat money leading to depreciation of its value, and it has obtained the status of having imputed value over the past 11 years. Misconceptions and lack of understanding among listeners and readers of different conversations and speeches often lead to distorted headlines.
ChapterThe Competition of Monies and the Value of Bitcoin
Episode#251 – Ray Dalio: Money, Power, and the Collapse of Empires
PodcastLex Fridman Podcast
Comparing the money in gold not used for jewelry or central banks (about $5 trillion) to the current value of gold and Bitcoin portfolios (worth about 20% of gold), the potential for Bitcoin to reach the value of gold is discussed.
1:23:20 - 1:29:50 (06:30)
Summary
Comparing the money in gold not used for jewelry or central banks (about $5 trillion) to the current value of gold and Bitcoin portfolios (worth about 20% of gold), the potential for Bitcoin to reach the value of gold is discussed.