FYI - For Your Innovation Cathie Wood, Art Laffer and Preston Pysh From The Bitcoin Conference 2024 | Bitcoin Brainstorm 13
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Sep 5, 2024 
In this dialogue, Cathie Wood, CEO of ARK Invest, joins economist Art Laffer and host Preston Pysh to dive deep into the evolving world of Bitcoin. Wood shares ARK's early interest and vision for Bitcoin, while Laffer outlines its historical context and foundational principles, likening it to supply-side economics. They discuss Bitcoin's role as private money, the importance of anonymity in transactions, and its potential future in a rapidly changing economic landscape. Expect insightful anecdotes and a thought-provoking glimpse into Bitcoin's disruptive potential.
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Cathie Wood's 2015 Bitcoin Revelation
- Cathie Wood turned to Dr. Art Laffer for insights when writing her Bitcoin article in 2015.
- His enthusiastic support bolstered her confidence to invest despite Bitcoin's early volatility.
History of Private Money
- Private money like Bitcoin echoes the historical banking system before 1913.
- Governments shifted from private to public money, leading to price instability and inflation.
Bitcoin's Monetary Stability Challenge
- Bitcoin’s supply limit at 21 million coins parallels gold's scarcity.
- Monetary stability requires stabilizing Bitcoin’s purchasing power in goods and services.