At a time of unprecedented financial uncertainty, central banks world wide are reacting to the novel coronavirus by printing cash, slashing rates of interest and usually doubling down on the globe’s deflationary spiral.
Amid all of this self-destructive conduct, Bitcoin Journal’s “WTF Is Happening With the Fed?!” podcast collection has been inspecting the Federal Reserve’s actions, the essential variations between manipulated markets and the Bitcoin ecosystem and the entire different questions now raised in regards to the ideas of cash and value at this most complicated time.
Within the newest episode of the present, “Fiat Money and Intergenerational Conflict,” hosts Christian Keroles and Colin Harper welcomed Andy Edstrom, creator of “Why Buy Bitcoin,” to debate how the 2 sides of a pointy technology divide — that between Boomers and Millennials — are deciphering and count on to take care of the present financial disaster.
“The point is that we’re incurring literally trillions of dollars at the government level, which the older generations aren’t going to pay back because they will have passed away before that bill comes due and that’s just going to fall on the shoulders of the younger generation,” Edstrom stated.
Along with the macro, generational questions on how debt-fueled federal stimulus will in the end affect our society, the group drilled into how this total uncertainty may drive Bitcoin adoption.
“One thing that might cause a change is more and more headlines about the government printing more and more dollars, as well as every day that goes by with, let’s say Bitcoin, that it doesn’t fail basically,” Edstrom defined. “It gains mindshare and people continue asking, ‘Oh, this thing’s been around for 10 years, 11 years and 12 years, why hasn’t it failed and what’s going on here?’”
To listen to the total dialog and discover different episodes of the present, go to Apple Podcasts, Spotify or Libsyn.