Syz the Future Ep.7: Woonomics' Willy Woo – Money in the Next 10,000 Years: Kardashev and Beyond
Dec 16, 2024
Willy Woo, Managing Partner of CMCC Crest Fund, is a pioneer in on-chain analysis and a trailblazer in financial markets. In this engaging discussion, he delves into the evolution of money, contrasting digital currencies with historical systems, particularly Bitcoin's transformative potential. He also discusses the concept of synthetic exposure to Bitcoin, emphasizing the risks of derivatives. Finally, Woo speculates on the future of economic systems in light of the Kardashev scale and innovative investment strategies for the next millennia.
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Digital Scarcity
- Bitcoin's key innovation is establishing digital scarcity, enabling true internet-native money.
- This solves the long-standing challenge of replicating physical scarcity in the digital realm.
Fiat: A Historical Anomaly
- Fiat currency is a brief experiment in monetary history compared to the millennia-long reliance on gold and silver.
- History shows that abandoning the gold standard, like in Weimar Germany, often leads to hyperinflation.
Bitcoin Adoption Curve
- Bitcoin adoption is rapid, with half a billion owners in 15 years and projected to reach one billion by 2030.
- This growth suggests mainstream adoption by 2035, with Bitcoin's market cap poised to surge.