JUST IN: Circle CEO gets pressured by Joe Kernen and says “we don’t have sound money principles embedded in our monetary system” and sees Bitcoin tapping into $120 Trillion of value. 🚀
Discussion
hilariously this guy starts out by saying we need sound money principles. Then goes on to illustrate that he doesn't understand what sound money is. Doesn't understand that the deflationary effect of bitcoin is an inverse function of the inflationary effect of fiat. Doesn't and what recapitalisation into bitcoin would do for value discovery. Doesn't understand that fiat debasement and fiat collapse is inevitable. But yeah, please tell the world it needs to use Austrian Economic philosophy...