
SLP340 Peter Young - El Salvador On The Ground & Free Private Cities
Stephan Livera Podcast
00:00
Bitcoin
I think the key value proposition of Bitcoin really is that it's non-inflationary, non-centralized money. And when you have a system where people are already able to transact fairly seamlessly with fiat currency, which has profound societal impacts. So for people in El Salvador that are losing between 2% and say 25% of their savings in US dollars every year, it takes time for that difference to become apparent. We suggest some more kind of understanding of this asset as something that has uses as an investment slash savings vehicle. I think over time we'll move towards that stage where it really becomes a medium unit of exchange but that will take a larger market cap so that we have less
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