The Bitcoin Debate with Jeff Booth & George Gammon - WBD715

Jeff Booth is the Author of The Price of Tomorrow &
CEO/Chairman of Ego Death Capital. George Gammon is an investor,
macroeconomics expert & host of The Rebel Capitalist Show. We
discuss Bitcoin’s role in the world: its role as a hedge against
the tradfi system, its disruptive potential & ability to
reprice everything, & the challenges & consequences of a
Bitcoin-dominated world.


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Jeff Booth, an entrepreneur, technologist, & author of the
book ‘The Price of Tomorrow’, is a visionary in the Bitcoin field
& a regular guest on this show. But, it’s been nearly 3 years
since I interviewed the amazing George Gammon, renowned for his
‘The Rebel Capitalist Show’ podcast. This conversation was born
out of a Twitter exchange, and it quickly became apparent that
they share more common ground than many might have initially
assumed.


Many believe that George is anti-Bitcoin, but that’s not the
case. His stance on Bitcoin is pragmatic. George believes in the
importance of owning Bitcoin for purchasing power outside of the
traditional system, especially with the rise of central bank
digital currencies. And yet, he emphasizes the importance of
probabilities and trade-offs in discussions about Bitcoin and he
doesn't necessarily see it as a guaranteed path to wealth.


Jeff's views align with George's on many fronts: they both
expressed their belief in the potential of Bitcoin. The
differences between the 2 guests lie in the perceived
probabilities of hyperbitcoinisation. Jeff sees Bitcoin's
potential to reprice the existing system if it remains
decentralized and secure. In this event, one needs to imagine a
world where value is priced in Bitcoin, not where Bitcoin is
priced in dollars.


Jeff promotes a future where prices will fall forever against a
fixed number of units of currency, a stark contrast to the
current system. This will affect the appreciation of Bitcoin in
different economic scenarios. While Bitcoin may currently be seen
as a high-risk asset with the potential for significant returns,
in a world where goods and services experience deflation,
Bitcoin's appreciation may be less pronounced.


This show was another inspirational war cry for Bitcoin from two
esteemed guests. Jeff couldn't imagine putting his time &
money anywhere else due to the high returns he expects. George
believes that even if Bitcoin doesn't become a global currency or
faces challenges like fractional reserve usage and inflation,
there is still massive value in its ability to enable
transactions outside of the existing system. It highlights that
everyone should consider the potential benefits of Bitcoin.


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Show
notes: https://www.whatbitcoindid.com/podcast/the-bitcoin-debate


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