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We Study Billionaires - The Investor’s Podcast Network cover image

BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

NOTE

Understanding Fractional Reserve Banking and the Value of Bitcoin

Fractional reserve banking relies on debt and IOUs, leading to counterparty risk and deflationary fits. Bitcoin, as a bare asset, offers a solution by providing a monetary baseline unit that can't become deflationary or disappear. This concept is often misunderstood and abstracted away from the general public.

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