2min chapter

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BCB098_LARRY LEPARD & GREG FOSS: Bitcoin For Boomers

Blue Collar Bitcoin

CHAPTER

How Could Bitcoin Fail?

There's either 400 trillion or 900 trillion of fiat crap in the world, depending on whether you include bonds and derivatives. Larry Summers: My sound money thesis, gold and Bitcoin goes wrong if governments suddenly chop all expenses and balance their budgets. "If that happens, our stuff isn't going to work nearly as well as we think it's going to work," he says.

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