6min chapter

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#1177 Caitlin Long On Bitcoin & The Banking Crisis

The Pomp Podcast

CHAPTER

Is Bitcoin the Only Solution to the Global Debt Crisis?

There are a lot of people, including you and myself, who believe that Bitcoin is a potential solution to the problem. When we look at the current situation, it seems nearly impossible for them to solve. But again, the price of Bitcoin going up in their face tells us that they don't have any power to shut down Bitcoin, which they don't. Anyone with a phone can run the code. Right. And I would underscore anyone with a phone, including the 8 billion people in the world can actually create and transact in US dollars right now if they download the lightning network. So the bank regulators are absolutely going to lose control over this. They're going to be playing whackable

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