The Pomp Podcast #1514 Nik Bhatia | Buying Bitcoin Makes Your Life 99% Cheaper
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Mar 26, 2025 Nik Bhatia, Founder of the Bitcoin Layer and author of 'Bitcoin Age,' dives deep into the world of Bitcoin. He argues that self-custody of Bitcoin may be protected under the First Amendment, positioning it as both an asset and a form of expression. Bhatia discusses the deflationary nature of Bitcoin compared to the dollar, its potential to aid the middle class, and the implications of globalization on American workers. He envisions transformative changes in economics, highlighting Bitcoin's revolutionary role in financial technology.
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Dollar Inflation Insight
- All prices rise when measured in dollars due to the inflationary nature of our credit-based monetary system.
- Technology, being deflationary, threatens banks' profits, necessitating constant monetary expansion.
Bitcoin's Deflationary Power
- While the median US home price has increased significantly in dollars, it has dramatically decreased in Bitcoin terms over recent years.
- This illustrates Bitcoin's potential as an empowering savings technology.
Bitcoin Allocation Advice
- Consider allocating a significant portion of your portfolio to Bitcoin, especially if you are young and earning.
- Dollar-cost averaging is a good strategy for accumulating Bitcoin over time.
