148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Bitcoin Could Reduce the Size of the Fiat Economy Without a Massive Crash
I think it's highly likely to reduce the size of the fiat economy without causing a big crash. The current global monetary system would just slowly and naturally get downsized into irrelevance as its currencies lose their value, he says. Most people think Bitcoin is either going to die or Fiat is going to die. This is the scenario of coexistence effectively, where they could both continue to work for the next 50 years without either of them dying. I believe this is an extremely compelling case, and deserves more consideration.
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