148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Bitcoin Reducing the Incentivization for the Creation of Fiat Money
In a world of artificially low interest rates and easy fiat money that is expected to constantly devalue, individuals are likely to borrow rather than save. The discovery of Bitcoin gives individuals and corporations the chance to save in a hard asset that appreciates over time. This makes them less likely to need to borrow to meet their major expenses. If more individuals and companies start to hold Bitcoin instead of debt instruments on their balance sheets, that would reduce the demand for credit creation making hyperinflation less likely.
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