Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Macro Musings with David Beckworth
00:00
The Benefits of Bitcoin
It's a digital asset. So there's no physical representation of it. It's not a claim to any commodity. And it has a system built in for transferring ownership of units of Bitcoin from one part be to another, which means that it is a potential payment system and people have and do use it for some kinds of payments. I go on to explain why the price is so volatile. But that's what it is.
Transcript
Play full episode
