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The Volatility of Bitcoin
In countries like Ethiopia, you have a certain number of days to get rid of the dollars. The ability to hold a dollar digitally is a pretty revolutionary thing,. And again, it might be ephemeral, but it's interesting to see that. I'm not sure people trust stablecoins more. It's obviously like we're talking about tens of millions of people.
Alex Gladstein previously discussed his groundbreaking article on the IMF and the World Bank. On today's episode, he is back with even more as he’s turned all of his research into a full-blown book on the topic.
Preston and Alex cover new and additional ideas, which are vital information for understanding the impact of the legacy financial system and the abundant hope that Bitcoin brings to so many regions around the world.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:17 - Why Alex wrote the book.
04:50 - How the IMF and World Bank actually put many countries into repression.
09:30 - Do the leaders of structurally adjusted nations know that it's a malicious force?
24:39 - How do the leaders think about the loans that just keep expanding?
26:48 - What's happening with the Chinese currency in many global south communities?
33:46 - What's one of the most striking finds of writing the book?
36:46 - Interesting stories about Bitcoin during his research.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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