The Bitcoin Standard Podcast
266. Bitcoin Age with Nik Bhatia
Mar 25, 2025
Nik Bhatia, Founder of The Bitcoin Layer and author of 'Layered Money' and 'Bitcoin Age,' shares insights from his new book. He dives into Bitcoin's evolution over 16 years, addressing its relationship with traditional fiat systems. The conversation illuminates the ideological foundations of Bitcoin, its coexistence with credit systems, and how it empowers savers amid inflation. Bhatia critiques the historical transformation of banking and explores the implications of Bitcoin on the future of investing, highlighting its unique role in today's economic landscape.
01:04:43
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Quick takeaways
- Bitcoin was designed as a decentralized alternative to the fiat credit system, addressing the pitfalls of excessive credit expansion.
- The podcast discusses Bitcoin's potential to reshape savings and investment practices, encouraging sustainable wealth growth over debt reliance.
Deep dives
Understanding Bitcoin's Evolution
The discussion centers on the historical development of Bitcoin and its relationship with the fiat credit system. The evolution of credit over time, particularly since the creation of the Federal Reserve in 1913, has shaped the landscape in which Bitcoin operates. Bitcoin emerged as a response to the excesses of the fiat system and its credit expansion, particularly after significant events like the 2008 financial crisis. This historical context emphasizes Bitcoin's narrative as a decentralized alternative that aims to provide a stable and scarce monetary system in contrast to traditional banking practices.
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