The Ben Shapiro Show Avichal Garg | The Ben Shapiro Show Sunday Special Ep. 123
Feb 20, 2022
Avichal Garg is the co-founder of Electric Capital, an investment firm specializing in Web3 and cryptocurrency. He shares insights on how cryptocurrency is disrupting traditional banking, emphasizing the need for adaptation in financial systems. Garg discusses Bitcoin’s dual role as a digital asset and the regulatory challenges faced by governments. He also explores the potential of stable coins to enhance the U.S. dollar’s position globally and shows how cryptocurrencies can empower individuals, especially in developing countries. The future of financial innovation is brighter than ever!
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Cryptocurrency Basics
- Cryptocurrency transfers value peer-to-peer on the internet without intermediaries.
- This differs from traditional methods like PayPal or banks, which act as central ledgers.
Cryptography and Blockchain
- Cryptocurrency uses cryptography for secure transactions, hence the name.
- Blockchain, a type of open database, records transactions transparently and securely.
Bitcoin as Millennial Gold
- Bitcoin has similar properties to gold like scarcity, fungibility, and durability.
- Its volatility, a concern for some, decreases against the US dollar over time, making it a potential store of value.