Financial Evolution: Bitcoin vs. Fiat Currency - Alan Hibbard #6209
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Alan Hibbard expressed his view that Bitcoin is akin to gold, serving as a superior asset for long-term value preservation, with its rising price reflecting growing recognition of its monetary worth. He suggested that Bitcoin could become the primary unit of measurement, overshadowing traditional fiat currencies, which tend to devalue over time. During a discussion with Kerry Lutz, they analyzed Wall Street's evolving acceptance of Bitcoin and cryptocurrencies, noting the rapid growth of Bitcoin ETFs and the associated risks, including fraud and asset verification challenges, emphasizing the need for investor due diligence. They also addressed widespread dissatisfaction with global governments, highlighting economic instability and broken promises that leave citizens feeling insecure, while acknowledging a few exceptions in leadership. Additionally, they explored the connection between gambling and the financial system, noting that economic pressures drive individuals to gamble, with the cryptocurrency market resembling a casino. Hibbard shared his investment strategy focused on gold, silver, and Bitcoin to mitigate risks, while both acknowledged the unpredictable nature of the financial landscape ahead. Find Alan here: goldsilver.com) Find Kerry here: https://financialsurvivalnetwork.com) and here: https://inflation.cafe)