Bitcoin: The First and Last Engineered Money w/ CJ Konstantinos (WiM570)
The "What is Money?" Show
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Bitcoin's Value Evolution and Economic Perceptions
This chapter explores Bitcoin's transformation from a commodity to a recognized monetary asset, highlighting its fixed supply and the psychological factors influencing market behavior. It discusses the complexities of the current economic landscape, including inflation dynamics, budget deficits, and the effects of rising interest rates on individual financial behaviors. Additionally, the chapter emphasizes the misconceptions surrounding nominal and real values, illustrating how dependence on fiat currency can distort perceptions of wealth and contribute to societal disparities.
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