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The Fed's Backstopping of the Silicon Valley Bank
"I don't want to see people be harmed, but at the same time, they're masking the reality of how fragile and how broke this fractional reserve system is," he says. "There is no action that the government can do that is in any way saving people." He sees a future where Bitcoin users are insulated from financial calamities such as bank runs.
David Bailey and Preston Pysh get into an in-depth conversation about the GBTC Bitcoin Trust and all of the issues it's had over the past year and a half.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:29 - What backs Bitcoin?
10:27 - CBDCs and what happens next.
13:14 - FedNow and what happens after it's launch.
18:43 - The actual impact of picking winners and losers for decades on end.
20:14 - The Skull of Satoshi.
29:43 - What it's like building a Bitcoin media company as an entrepreneur.
29:43 - Growing the Bitcoin Conference.
45:32 - GBTC and the campaign for shareholders to redeem the Bitcoin in the trust.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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