2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Deflationary Effects of Cryptocurrency on the Economy

Some people might move to Bitcoin that will drive the inflation it is deflationary. There will be less credit in the economy there will be fewer loans so there won't be as much money sloshing around but you'll have a lot of collateral damage with that. People sit in Silicon Valley who have been walled up to last year when we went risk off alongside crypto they don't live in a debt oriented environment most of the time right? He's not one or a fully agree credit destruction is highly deflationary, he says.

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