5min chapter

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#1132 Tim Draper On Elon Musk, Tesla, Bitcoin & The Future Of The U.S.

The Pomp Podcast

CHAPTER

Is Bitcoin a Programmatic Monetary Policy?

When you think of Bitcoin, I always see the Fed as human led decision making that has a variable policy and is reactive to the world. So it's a programmatic monetary policy. It is not variable. And it doesn't react. When you have a big change like this, this is an anthropological leap. This is the equivalent leap of going from shells to gold or gold to the promise of gold or from the full faith and credit of the US government. Now we are making this leap. The strong people are accepting of change or even embrace it. And they even drive change.

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