The Bitcoin Frontier Tariffs and Plaza Accord 2.0 could send bitcoin soaring with Jeff Park
65 snips
Feb 11, 2025 
In this discussion, Jeff Park, Head of Alpha Strategies at Bitwise and former derivatives trader at Morgan Stanley, dives deep into bitcoin's role as a form of communication rather than just currency. He highlights how its volatility presents both risks and opportunities. Jeff elaborates on the implications of the U.S. dollar's weaknesses and discusses the potential for a Plaza Accord 2.0. He also touches on the growing corporate embrace of bitcoin, predicting that companies like Meta might join the trend. The conversation is filled with insights on bitcoin's future and its competitive edge over gold.
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Money as Fiction
- Money is fundamentally a useful fiction, representing claims to future value.
- This applies especially to financial instruments like stocks and bonds, which are essentially fictions built upon fictions.
Bitcoin as Speech
- Bitcoin isn't traditional money; it's more akin to speech.
- Its UTXO model facilitates peer-to-peer communication and value exchange without intermediaries.
Bitcoin as Digital Gold
- Bitcoin acts more as a store of value than a currency for everyday transactions.
- It resembles digital gold, prioritizing long-term value storage over immediate transactional utility.