
43. Bitcoin and market efficiency
The Bitcoin Standard Podcast
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Bitcoin Is a Big Bit of the Wealth of Lebanese
Bitcoin would have been, let's say, 0.01 of the total wealth of Lebanon two years ago because very few people owned Bitcoin compared to all the other kinds of assets that people own. But now suddenly Bitcoin is a much bigger chunk of the wealth of the Lebanese people. So I think, again, doing it the hard way is you don't adopt Bitcoin and the value of the Bitcoin, the value of your other shitcoins goes to zero. And then your country ends up on a Bitcoin standard just because the few people who have Bitcoin are the only people who maintain their wealth.
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