SLP235 Niall Ferguson Bitcoin & Monetary Revolution

Stephan Livera Podcast

Podcast Notes Key Takeaways Historical disruptions such as pandemics can accelerate monetary changeNiall Fergusonsees 3 possible future monetary scenarios:Fiat currencies continue to debaseEven worse, a multi-country adoption of a Chinese central bank digital currency, essentially a system for monetary surveillanceMultiple forms of money coexisting, with Bitcoin being a reserve asset akin to digital goldThe notion of safety in diversification is central to most finance theories. However, “when correlation goes to 1, diversification can’t save you” – Niall FergusonMany economists underestimate how the quickly the economy will bounce back once vaccines are introducedRational investors look for real yield and could start existing dollar denominated bonds in response to inflationKeep in mind, “you don’t need a significant move in rates to make the debt burdens of the developed and developing world suddenly quite scary” – Niall FergusonBitcoin is tricky to confiscate and offers superior security in a world of totalitarian controlFinancial technology will obsolete whole sectors of finance and move them to platform- powered smartphone appsFor instance, cross border remittances, and venture funding

Read the full notes @ podcastnotes.org

Niall Ferguson, MA, D.Phil., is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard. He’s also author of 15 books, including The Ascent of Money. Niall and I chat:

Bitcoin as a store of value
The pandemic and impacts on how we use money
Debt around the world and in history
What’s in our financial future

Niall Ferguson links:

Twitter: @nfergus
Website: niallferguson.com
Article: Bitcoin Is Winning the Covid-19 Monetary Revolution

Sponsors:

Swan Bitcoin
Knox Custody
Unchained Capital (code LIVERA)
CypherSafe (code LIVERA)
Hodl Hodl

Stephan Livera links:

Show notes and website
Follow me on twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera