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#32 - Jeff Booth: Bitcoin is the Answer to a Broken System

Closing the Loop

CHAPTER

Bitcoin Is Acting as a Neutral Reserve Currency

Bitcoin is a bottom up innovation that's happening just like all technology comes into market. The monopoly can't see it because they're most advantaged by the monopoly as a technology breaks the rules and gives advantage of those furthest away to those furthemost away from the monopoly. So you can't imagine them playing that game. And well, Bitcoin is acting as a neutral reserve currency. But there's there's a strategic rationale right now for the US to actually tighten and then go into Bitcoin. Do you think this could happen for some so there's either going to be a socialist takeover of the Fed right where treasury decides what the Fed's going to do?

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