The ability to see the big picture and think about the world in the long term is crucial to predicting the future. This is especially important in the technology and startup world where innovations and advancements can rapidly change the industry.
The speaker admires Elon Musk's perspective on the world, stating it is similar to Bitcoin's long-term thinking. They also mention Musk's approach to breaking apart internet communication from first principles.
The concept of thinking ahead and envisioning what the world would look like in the next 20, 30, or 50 years is crucial for success. Bitcoin can serve as a proxy for time, offering insights into the long-term future of the global economy and technology.
Cryptocurrencies are built on the notion of digital scarcity, whereas traditional digital files can be replicated countless times without loss of quality.