We Study Billionaires - The Investor’s Podcast Network BTC001: Bitcoin Common Misconceptions w/ Robert Breedlove (Bitcoin Podcast)
51 snips
Nov 25, 2020 
In this episode, Robert Breedlove, an insightful commentator on Bitcoin and sound money, dives deep into the misconceptions surrounding Bitcoin. He explains how Bitcoin addresses inflation and wealth disparity, positioning it as a potential remedy against fiat currency flaws. Breedlove discusses the unique properties of Bitcoin, its fixed supply, and its ability to promote economic freedom. The conversation also explores the dynamics of Bitcoin mining and its transformative implications for modern finance. Pack your mind with valuable insights on Bitcoin's role in reshaping our monetary landscape!
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What is Money?
- Money is the most tradable asset in a society, emerging naturally in marketplaces.
- It's characterized by divisibility, durability, recognizability, portability, and scarcity.
Gold's ingrained value
- Gold's value is deeply ingrained in our understanding of economics, ingrained in our language.
- It's a tool so old that most have forgotten its original purpose and the properties that made it valuable.
Importance of Sound Money
- Sound money is crucial because debasement, like the current fiat printing, corrupts prices, the very signals guiding economic action.
- This corruption leads to misallocation of resources, distorted valuations, and wealth inequality.
