34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
00:00
You Don't Need to Replace the Dollars
I think the fiat system is going to continue as a currency and it should, right? The currency rails work fine. What people still haven't got through their head is I could have 150% of my assets in Bitcoin. You can mortgage your house by another 500,000 in Bitcoin. And so at some point you could literally fund everything in Bitcoin. But there's a cost not having Google maps or cars that don't drive themselves. It reflects itself in the Cuba standard of living or the North Korean standard of living. Even the Chinese can't necessarily stop this thing.
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