Response to Jeff Snider's Criticism of Bitcoin - E244
Bitcoin & Markets
00:00
Is Bicoin a General Use Medium of Exchange?
Bicoin can't serve very well as a general medium of exchange with a one trillion dollar market cap. It just is not enough through put. But if you get to 20, 50 trillion dollar market cat for for bitcoin, it can serve as a competing medium of exchange,. And so that's what bi bicoin is growing to. How does it get there? Well, jeff will talk about how it gets there. I think the overwriding, the primary force, is deflationary. But a credit base system must continue to expand. There is money printing happening right now. There is inflation. i never sat here and said that we are in we are deflating
Play episode from 14:47
Transcript
