We Study Billionaires - The Investor’s Podcast Network

BTC192 - Silicon Valley Mafia Holding the Elite’s Bitcoin w/ Mark Goodwin (Bitcoin Podcast)

23 snips
Jul 24, 2024
Guest
Mark Goodwin
In this discussion, Mark Goodwin, an author focused on Bitcoin’s impact on finance and intelligence, delves into the concept of 'covert dollarization.' He reveals how venture capital and organized crime influence the Bitcoin landscape. Goodwin also predicts Bitcoin's transformative potential in Latin America, highlighting privacy and security risks associated with the currency. The conversation uncovers the elite's control over Bitcoin and its implications for entrepreneurship, emphasizing the necessity for a good system amidst the complexities of power and finance.
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INSIGHT

Bitcoin Dollar System

  • The "Bitcoin dollar" mirrors the petrodollar system, replacing oil with Bitcoin as the commodity.
  • This creates artificial demand for dollars, impacting U.S. treasury and stablecoin markets.
INSIGHT

Stablecoins and US Debt

  • Stablecoin issuers have become major holders of U.S. debt, influencing Bitcoin's price.
  • U.S. regulations might require Bitcoin holders to also hold dollars, further increasing demand.
ANECDOTE

Zappo's Role in the Bitcoin Dollar System

  • Zappo, founded by Wenceslas Casares, developed robust Bitcoin security measures and integrated stablecoins.
  • Zappo's custody service, including Grayscale, was sold to Coinbase, bringing Bitcoin under U.S. regulation.
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