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The Impact of Universal Basic Income (UBI) on Bitcoin Adoption
Universal Basic Income (UBI) could drive Bitcoin adoption as it puts money directly into people's hands, allowing them to transfer it into Bitcoin. UBI could act as a Trojan horse for central bank digital currency (CBDC) by incentivizing people to accept controlled state money in exchange for short-term benefits, creating a divide between Bitcoin-holding producers and UBI-reliant consumers.
Preston Pysh brings back legal expert, Joe Carlasare and Bitcoin OG, American HODL, to talk about all things Bitcoin. This episode encompasses a wide-ranging, candid conversation about all the events happening in the Bitcoin ecosystem.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:32 - What is happening with Binance and the DOJ?
01:32 - Will the CEO of Binance potentially do any jail time?
33:32 - What is happening with Genesis and DCG?
33:32 - Did DCG defraud both retail and institutional investors?
33:32 - Does this impact GBTC at all?
54:57 - Is the DOJ going to pursue any crypto influencers?
01:17:13 - Potential rate cuts and QE in the 1Q of 2024.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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