34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Store of Value in the Fiat System
If you ask a corporate treasurer, what are you going to do with your treasury? I need to store my value. Treasuries were the gold, but the gold standard, right, is treasuries. And then over time as the gold got seized and it was synthetic gold or hypothetically gold,. Then in 71, that kind of, the semblance of that started breaking down. The store of value in the Fiat system was sovereign debt. Today there's no price discovery. Sovereign debt is not a store of value.
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