Bitcoin Conviction with Eric Weiss – What Did Bitcoin Do?
Eric Weiss is the CEO of Blockchain Funding Group, and the man who orange-pilled Michael Sayer. In this interview, we focus on the current malaise within the bitcoin price, why regulation will change this and be good for bitcoin, and why bitcoin offers value to all people.
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As bitcoin continues to trace sideways, it is easy to lose sight of the larger image, with the current sense of extreme anxiety and continuing experiences of its demise. In 13 years bitcoin has gone from zero to state-sized currencies in line with assets, being mentioned at the highest levels of presidency around the world.
While broad trading suffers from its personal 2007-style monetary disaster, where leverage, deception and greed threaten investor carnage, bitcoin’s ethos remains morally and ethically correct. Bitcoiners’ recommendation to stay away from the broader altcoin and Web3 offerings has arguably proved to be correct. Hodl’s adage is being investigated, but traders have been on the road for a long time.
Why is this? As Eric Weiss says, bitcoin has turned into a world phenomenon and is not using advertising and marketing funds. Let it sink Bitcoin expansion has gone viral. People have turned to orange-pilled, and many varieties have introduced others into the fold. There isn’t one reason for this, and that is the energy of bitcoin. Its utility is for everyone.
High-value people, the middle class and lower revenue groups are all affected by inflation. Sure, in the current environment, the effects are more immediate for those with less wealth. And, the volatility of bitcoin at present is not a theoretical threat. However even in periods of average inflation, the compounding result means the greenback is shedding 12 months’ worth of 12 months.
Bitcoin advocates are assured that within the medium term it will beat the greenback. Even Charlie Munger thinks the greenback comes to naught in the long run. What constitutes a wise measure of wealth is openly up for debate, although, as one commenter in the Bitcoin Journal on July 13th noted, “an apparently mindless allocation measure on the subject of bitcoin may be: Zero.”
