Grayscale's Bitcoin ETF Outflows Begin To Slow, What Happens Next?
Supply Shock
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Bitcoin as the Monetary Base and the Fall of Empires
This chapter discusses the concept of Bitcoin as the monetary base and compares it to gold. The speaker shares an anecdote about a speaking engagement in Cayman, where the event topic was supposed to be power, politics, and populism, but the speaker misunderstood and prepared a talk on alternative investments. They then discuss the cycle of empires and focus on the example of Rome, highlighting how the devaluation of the currency led to its downfall. The speaker concludes by connecting this concept to the current state of the US and the rising popularity of Bitcoin.
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