The Bitcoin Standard Podcast 259. Cory Klippsten and Swan
20 snips
Feb 4, 2025 In this discussion, Cory Klippsten, founder and CEO of Swan Bitcoin, sheds light on the rise of 'scambling' in the crypto space, emphasizing its harm to those seeking quick financial relief. He explores how traditional investment strategies are shifting towards speculation, with Bitcoin emerging as a refuge. Klippsten discusses the growing institutional interest in Bitcoin and contrasts it with riskier altcoins. He also highlights the importance of wealth protection strategies in the face of potential taxation and shares insights into the evolving landscape of Bitcoin investment.
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Age of Scambling
- The rise of legal gambling, particularly sports betting and crypto, resembles an "end of empire" scenario.
- This "age of scambling" combines scamming and gambling, targeting lower and middle classes with high time preference.
Fiat's Impact on Saving
- Fiat currency makes saving difficult, pushing people towards gambling and speculation.
- This behavior is not new but exacerbated by fiat's inflationary nature, making traditional saving methods less effective.
New Bitcoin Entry Points
- Bitcoin ETFs and Bitcoin treasury companies offer a new entry point for investors, bypassing shitcoins.
- These instruments provide initial exposure, leading investors to explore Bitcoin's true potential.
