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#286 | David Oransky; Financial Planner who says make 1% of your assets Bitcoin | CPA & CFP

The Vance Crowe Podcast

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Is the CPI the Way to Measure the Money Supply?

We don't actually know how much money is in circulation, right? There's no like excel spreadsheet. Anytime you create a new loan based on dollars that's not tied into the US financial system, you're effectively creating money. That's what's unique about Bitcoin. Anyone can audit and know how much at the base layer, how much money do we have? Now, I do think that if we end up on a Bitcoin center, there will still be fractionaries there banking. The difference is when a company or a nation or whatever can't fulfill their liabilities, rather than printing more to paper over it, there's going to have to be a real clearing of the system.

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