Show notes
This was an amazing chat with early Bitcoin adopter & libertarian Dan Held from Kraken. We clearly explain what is happening in the global financial system. How central banks, governments, households & businesses got themselves into so much debt, & why Bitcoin is the answer to this debt based monetary system. With too much debt in the system the only option is negative interest rates. But that is straining the banks which could bring down the economy if they collapse. The bond market is in a bubble. The stock market is overvalued. Property is overvalued. Growth is slowing, it looks like we are heading for a global recession or depression. It will take extraordinary measures to pay all the unfunded liabilities & keep all the derivatives from collapsing the financial system. This is what you need to know before the next financial crisis. We discussed why Bitcoin is unique, why it is unstoppable for governments & regulators, why price will continue to rise compared to fiat money, Bitcoin as a store of value vs a payments network, blockchains in general & a range of other topics!
Disclosure: This is an unpaid interview for a project that I deemed worthy of research time, recording and posting for educational purposes.
https://twitter.com/danheld
https://www.danheld.com/blog/
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Date of Recording: 25th February 2020
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❗ DISCLAIMER ❗ Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.
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