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830 - Omid Malekan answered all my questions about Bitcoin and cryptocurrency
The James Altucher Show
Is the Stable Coin a Competitor to Bitcoin?
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Stable coins to day are an extension of the banking system. Most central banks are now looking into this, mainly china's already piloting its cbd c. Europe has committed trying to roll one out in the next four or five years. Is that a potential competitor to bitcoin? I do not think so. In fact, i think that's a great ennabler of bitcoin for two reasons. One, it sort of validates this idea that digitally native money is superior to what we have to day, which is analogue money. The increased maliability of fiot money makes a very bullish argument for why people will want to hedge by owning decentralized money like bitcoin.
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