
BITCOIN & THE U.S. DEBT CRISIS w/ Avik Roy
What Bitcoin Did
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Economic Instability and Bitcoin's Future
This chapter discusses the potential fallout of a U.S. fiscal collapse and the impact on Bitcoin as an alternative financial system. The analysis includes a critical look at projected GDP growth and the Federal Reserve's manipulative role in maintaining low interest rates through vast bond purchases. Urging preparedness against possible government repression and capital controls, the chapter emphasizes the urgency of addressing rising national debt and its implications for economic stability and future financial risks.
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