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Things are Breaking with Greg Foss: 21 Min on Bitcoin, Markets, Mining and Insurance on Fiat Ponzi

Coin Stories

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Is Bitcoin an Insurance Policy on the Fiat Ponzi?

On stage yesterday, you talked about how you see Bitcoin as an insurance policy. I like to think of Bitcoin as the same thing. It's insurance on the fiat Ponzi. And yet lots of people are inclined to buy and sell it. The reality is they are all small banks that can easily lose their position in the market. So yeah, it's like an FTX type of event that will impact the asset class.

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