2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

What Backs Bitcoin? Trust in Bitcoin's Value

Bitcoin's value comes from the 50 million plus economic actors that use it to engage in commerce and trade. That's what makes Bitcoin viable. Money as it exists today has been bastardized to such a degree that money is really about control. And I feel like when you boil it all down, that's just in essence like, are you long free markets or are you long, potentially controlled economies?

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