The David Lin Report
Bitcoin To $1 Million As Dollar 'Rebased' Under Trump | Samson Mow
Nov 12, 2024
Samson Mow, CEO of Jan3 and a fierce advocate for Bitcoin adoption by nation-states, discusses why Bitcoin remains undervalued below $100k. He highlights how the U.S. dollar's unstable future could lead to unprecedented Bitcoin appreciation. Mow dives into successful case studies like El Salvador and the significance of corporate treasuries integrating Bitcoin. Speculation around Satoshi's identity adds intrigue, while the potential for nation-state adoption indicates a shifting financial landscape favoring Bitcoin over altcoins.
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Quick takeaways
- The U.S. dollar may need re-basing to Bitcoin due to unsustainable national debt and a faltering fiat system.
- Hyper-Bitcoinization could occur as countries rapidly adopt Bitcoin amid macroeconomic upheavals, leading to significant price increases.
Deep dives
The Inevitable Rebase to Bitcoin
The assertion is made that the U.S. dollar may need to be re-based to Bitcoin due to unsustainable levels of national debt, which exceed the country's GDP. The argument suggests that without a significant shift, such as a debt jubilee or the adoption of a harder asset, the current fiat system will falter. A proposed solution is adopting a model where one Satoshi equals one U.S. dollar, making Bitcoin the underlying currency. This shift is believed to be a necessary response to increasing debt levels, ultimately leading to a transition to Bitcoin in the financial system.
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