4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Stocks Are Not Going Up in Value, but They're Dominating Them Within

Since 1913, the creation of the Federal Reserve, it becoming more and more cyclical and boom, bust cycles. People don't really understand this, because when my stocks go up in price and I feel richer, it's like, well, yes, because technology has made everything cheaper. Your stocks are doing nothing but keeping pace with the expansion of the ledger that you're denominating those stocks within. The point here, again, comes back to monetary premium. We have a consistent store of value, a consistent measure of global wealth.

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