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BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)
Mar 20, 2024
Parker Lewis and Will Cole, co-founders of Zaprite and experts in Bitcoin payment solutions, explore Bitcoin's dual identity as property and currency. They discuss Bill Ackman's insights on Bitcoin's economic implications and Michael Saylor's strategic BTC acquisition. The conversation also highlights the potential of Bitcoin payments, the challenges of digital authentication, and the evolving landscape of cryptocurrency. With their innovative approach, they suggest Bitcoin can drive energy efficiency and reshape market dynamics.
01:05:19
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Quick takeaways
- Bitcoin's value is derived from being seen as property rather than a medium of exchange.
- In regions with unstable currencies, Bitcoin serves as a reliable medium of exchange to safeguard against devaluation.
Deep dives
Bitcoin's Role as a Store of Value and Medium of Exchange
Bitcoin is discussed as both a property and a currency in the podcast. The guest emphasizes that Bitcoin's value comes from being viewed as property rather than a medium of exchange. This perspective aligns with the idea that Bitcoin's primary function is as a store of value akin to property like real estate, rather than a means of direct exchange for everyday purchases like coffee.
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