The "What is Money?" Show Trump Family Bitcoin Bet Will Trigger Nation-State FOMO w/ Matt Prusak (CEO American Bitcoin)
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Sep 3, 2025 Matt Prusak, CEO of American Bitcoin and an entrepreneur specializing in Bitcoin mining, dives into the transformative role of Bitcoin in today's economy. He discusses the unique traits of Bitcoin mining compared to traditional gold mining and highlights the importance of strategic decision-making amidst market volatility. Prusak also explores the potential of Bitcoin to redefine economic structures and the importance of energy production in its future. Additionally, he shares insights on innovative financial strategies and the significance of community-based applications for Bitcoin.
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Miners Turn Energy Into Trust
- Bitcoin miners secure the ledger by converting electricity into consensus through specialized hardware and global competition.
- Miners act as an army of accountants who validate ownership and protect the network's integrity.
Fixed Issuance Forces Price Discovery
- Bitcoin's issuance is fixed and transparent, with ~450 BTC released daily and halvings that cut emissions every four years.
- Unlike gold, demand must be absorbed via price because supply flow cannot expand to meet it.
Demand Outpaces Miner Supply
- ETFs and treasury buyers now demand vastly more BTC than miners produce, shifting most net supply to secondary markets.
- This changing supply-demand dynamic blunts the old four-year cycle and amplifies price responsiveness to flows.