Everything else will drop in value indefinitely as the Bitcoin network takes over our current financial system.
This transcript is an excerpt from the "Bitcoin Magazine podcast", hosted by P andQ. This episode features Jeff Booth (author of "The Price Of Tomorrow"), who joins them to discuss the lens through which he views the investing world, and how Bitcoin will replace the current financial system.
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Listen to the Episode Here
Jeff Booth: We get – I use the broader term "we" to refer to people who want bitcoin to reach $100,000 tomorrow. The thing is, who's the one person that's going to change it? "Who is the one person that I can bring to change everything?" This doesn't seem possible.
It is an emergent network which grows stronger and more powerful while the existing network shrinks and becomes weaker. This is what you want for the network transition. It's going to be messy.
Two years ago, I wrote a piece called "The Greatest Game." It's exactly what I described in that article. This is an emerging system. It's early. Although it is an asymmetric wager, it is more than a bet on money.
Everything against bitcoin and everything on bitcoin will see a fall in value forever. You are falling into the error code of the current system by claiming that bitcoin will continue to rise in value forever.
By: Bitcoin Magazine
Title: Measured Against Bitcoin, Everything Will Fall In Price Forever
Sourced From: bitcoinmagazine.com/markets/measured-in-bitcoin-everything-will-fall-in-price
Published Date: Fri, 16 Sep 2022 04:00:00 GMT
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