3min chapter

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

BTC108: Bitcoin Retirement and Inheritance Planning w/ Jeff Vandrew and Phil Geiger (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Scale of FTX

I think we're going to see a lot of the same things just at an increasingly large scale. The problem with Bitcoin is that the model of a centralized like third party custodian just doesn't work. CBDCs aren't even really interesting, frankly, because people for the most part aren't walking around with huge amounts of cash. Your average person is spending digital dollars on their credit card and then paying that credit card bill over the internet in Bitcoins.

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