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#1007 Nic Carter On The Systemic Issues In American Financial System

The Pomp Podcast

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Is the Bitcoin Monetary System Unsound?

Bitcoin is at 20,000 and some say it's a hedge against inflation. The dollar is at generational high level of inflation; will go higher in the future. We should expect a decoupling of biccoin to other assets - i think it wil happen as we come out of this crisis. Conventional wisdom is that bitcoin risk, asit correlation, is going to stay high forever. But also, no one else has anywhere else to hide from these correlations. There's no safe haven for people who are worried about rising interest rates.

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