What Bitcoin Did

BITCOIN IS WINNING w/ Matt Odell

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Apr 22, 2025
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INSIGHT

Bitcoin's Financialization and Freedom Use

  • Bitcoin's financialization increases surveillance and centralized control but still allows permissionless use.
  • Only a small minority, around 5%, use Bitcoin as true freedom money, though the absolute number is growing.
INSIGHT

Bitcoin vs. Gold as Reserve Asset

  • Gold remains the primary competitor to Bitcoin as a global reserve asset.
  • Bitcoin is outperforming gold over time and is poised to eventually surpass it as the final boss.
ANECDOTE

Argentina's Dollar Demand with Tether

  • In Argentina, the currency black market overwhelmingly uses Tether for dollar transactions.
  • Despite Bitcoin's advantages, demand for dollars slows Bitcoin adoption in countries with unstable currencies.
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