We Study Billionaires - The Investor’s Podcast Network BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
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Mar 8, 2023 
Join Michael Saylor, CEO of MicroStrategy and Bitcoin advocate, alongside crypto commentator Cory Klippsten, IMF and World Bank expert Alex Gladstein, and others as they dissect Bitcoin's landscape. They explore inflation's impact on value, the dangers of CBDCs, and how altcoin investments can be a scam. Gladstein unveils the exploitative debt practices of global financial institutions in developing nations, while they debate the merits of proof-of-work versus proof-of-stake in Bitcoin, revealing its potential as an ethical investment and a catalyst for change.
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Inflation's Importance
- Inflation is a crucial factor in economic calculations, especially for value investors.
- Traditional methods like CPI struggle to capture the true impact of inflation.
Inflation as a Vector
- Inflation acts as a vector, impacting different goods and services unequally.
- Digital goods and services often experience deflation due to fixed costs and negligible variable costs.
CPI's Flaw
- CPI has become a misleading metric.
- This is because it fails to accurately represent the deflationary nature of many modern digital products.