#FinancialFox Why is Bitcoin the superior form of money? Nik Bathia

FinancialFox

English - October 28, 2021 19:20 - 49 minutes - 45.4 MB
Investing Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #FinancialFox Making digital fashion sustainable: NFTs and energy consumption, Digiconomist

Next Episode: #FinancialFox Revolution in Intellectual Property: Patents as NFTs

In this #FinancialFox podcast, Steffy is joined by Nik Bhatia, author of Layered Money: From #Gold and #Dollars to #Bitcoin and Central Bank Digital Currencies. They discuss the history of #money and the complexity of the current financial system, which Nik calls "layers of money".

For Nik, Bitcoin is on its way to becoming one of the most superior forms of money and the new world reserve currency. “When people own Bitcoin they own a commodity, with no centralisation and full autonomy over the protocol and that's why it is so powerful”, Nik also expands on why criticism against Bitcoin #energy usage must be balanced with its socio-economic benefits, especially in societies with unstable #financial systems.

Other topics of the conversation include the advantages of Bitcoin's #lightningnetwork, central #bank's digital currencies and financial institutions embracing crypto.

If you are interested in Nik's book Layered Money, you can find it here https://www.amazon.com/dp/1736110527/