Interview | Description | Timestamps | Show Notes

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Location: Zoom
Date:Tuesday 30th June
Company/project: Castle Island Ventures, Adamant Capital, Parallax Digital & River Financial
Role: Partner, Founding Partner, Founder & Founder

The global economy is in a precarious position. With the coronavirus enforced lockdowns closing down businesses around the world, central banks have been printing money at unprecedented levels to prevent economies from collapsing. While this has eased the pressure in Western nations, some smaller countries are starting to experience the impact. The currency in Lebanon has all but collapsed, and inflation in Zimbabwe has nearly reached 800%. Could high inflation be coming to the UK, Europe and the US?

While the implication of a global economic meltdown may not be known for years, it is precisely this sort of situation that many Bitcoiners have highlighted as the perfect environment for Bitcoin to thrive. So, what comes next for Bitcoin? 

This interview is from a panel I recently hosted for Real Vision’s The Crypto Gathering event, with Nic Carter, Tuur Demeester, Robert Breedlove & Alex Leishman. We discuss the current state of the economy, Bitcoin as a peaceful protest and what comes next.

00:04:00: Introductions 
00:05:21: Bitcoin’s reputation problem
00:06:02: Volatility
00:07:55: Bitcoin values
00:10:57: Principles of money
00:12:19: Explaining Bitcoin
00:14:33: Currency collapses
00:20:07: Bitcoin’s scarcity
00:22:55: Money printing
00:26:27: Gold market disruption
00:29:34: Self-custody of Bitcoin
00:32:08: Multisig
00:37:11: Spectrum of engaging with Bitcoin
00:39:28: Mass adoption
00:41:48: Bitcoin and gold
00:45:50: Key opportunities with Bitcoin in 2020
00:53:20: Predictions for this year
00:56:12: Inflation
00:57:31: Final comments

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SPONSORS

• Connect with Nic:

  • On Twitter

  • On Medium

  • On LinkedIn

  • On Crunchbase

  • Coin Metrics

  • At Castle Island Ventures

• Connect with Tuur:

  • On Twitter

  • On Medium

  • On LinkedIn

  • On AngelList

• Connect with Robert:

  • On Twitter

  • On Medium

  • On LinkedIn

  • At Parallax Digital

• Connect with Alex:

  • On Twitter

  • On LinkedIn

  • On Github

  • His Website

• Connect with Real Vision:

  • On Twitter @realvision

  • On LinkedIn

  • On YouTube

  • On Instagram

  • Their Website

• Mentioned in the interview: 

  • Bretton Woods system 

  • What is the Gold Standard?

  • 1913 Federal Reserve Act Definition 

  • Gold Reserve Act

  • Explainer: How does negative interest rates policy work?

  • Executive Order 6102

  • Currency collapse fuels mass protests in Lebanon 

  • Lebanon's Currency Crisis Paves The Way to a New Future 

  • Turkey needs a serious fight against inflation 

  • Argentina's economic crisis poised to go from bad to worse 

  • What caused hyperinflation in Venezuela: a rare blend of public ineptitude and private enterprise 

  • Monetary Base 

  • Banks Have Moved Gold Trading From New York to London, LBMA Says

  • Exclusive: Fake-branded bars slip dirty gold into world markets

  • How Jay Powell’s Coronavirus Response Is Changing the Fed Forever

• Other relevant WBD podcasts:

  • WBD238: WTF is Going on in the Markets? With Raoul Pal, Caitlin Long & Travis Kling

  • WBD232: Bitcoin's Time is Now with Preston Pysh

  • WBD229: Bitcoin & Black America with Isaiah Jackson

  • WBD220: Bitcoin is Reshaping the World with Robert Breedlove

  • WBD211: Bitcoin's Coming of Age with Dan Morehead

  • WBD207: The Social & Economic Impact of Coronavirus with Raoul Pal

  • WBD200: Beginner’s Guide #15: Bitcoin FUD with Nic Carter

  • WBD190: Beginner’s Guide #9: Altcoins, A History of Failure with Nic Carter

  • WBD173: Tuur Demeester on The Bitcoin Reformation