3min chapter

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#239 – Niall Ferguson: History of Money, Power, War, and Truth

Lex Fridman Podcast

CHAPTER

The Future of Cryptocurrency

War would impact the financial world massively if it were a war between the United States and China. Wall Street is long China, Europe is long China. The conflict that I could foresee in the future is one that's highly financially disruptive. Where does crypto fit in? Those obvious utility in the short run is as a store of wealth for people who live in dangerous places with failing rule of law. If you are in a dangerous place with weak rule of law and weak property rights, here is a new and better way to have portable wealth.

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