Coin Stories
Jeff Booth: Deflation is Coming - A Future of Bitcoin, AI and Abundance
Jul 9, 2024
Entrepreneur and author Jeff Booth discusses Bitcoin's price, AI convergence, competition for energy, and Bitcoin's role as a store of value or currency. He explores technology's impact on deflation, wealth concentration, and societal organization, highlighting the importance of creating value in a free market. The conversation also covers the relationship between Bitcoin and AI, economic moats, and the potential paradigm shift towards decentralized currencies like Bitcoin.
59:40
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Quick takeaways
- Bitcoin serves as a secure store of value with inherent value amidst global economic challenges.
- Technology accelerates deflation, advocating for Bitcoin as a safeguard against wealth erosion and promoting a new economic model.
Deep dives
Bitcoin's Implied Value and Decentralization
The implied value of Bitcoin stands at $43 million per Bitcoin today, considering the $900 trillion balance sheet of the world and the decentralized and secure nature of Bitcoin. This value is reinforced by the ongoing work in Lightning and other layers, signaling Bitcoin's role as a store of value and a decentralized protocol bounded by energy.
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