Crypto and Austerity
Arthur discusses the potential short-term pain in the crypto market if governments shift towards austerity and balanced budgets. He highlights that wealthy individuals and banks, who hold significant government bonds, would face substantial losses in a deflationary environment. The conversation also delves into the relationship between bitcoin's value and liquidity, suggesting that without the backing of fiat currency, the perceived worth of bitcoin could drastically change.In this clip
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Impact Theory
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