Greg Foss explains to use how the global markets work, what's wrong with them, and how bitcoin will become the new global currency in the future.
The US dollar continues to be debased year of year and is losing its value. This is a cause for concern for investors who have traditionally used and seen the US dollar as a store of value. The smart money knows this and sees a global currency reset coming and is looking to a new alternative - bitcoin!
Bitcoin is a peer-to-peer distributed asset with a network effect that can't be debased or manipulated.
Greg Foss has 32yrs trading credit experience with Credit Default Swap markets which helps him provide clues on the value of bitcoin.
⏰Time Stamps:
00:00 Introduction
00:47 Greg’s Journey into bitcoin
3:00 Getting Into Bitcoin
9:06 1988 Banking History
10:25 Changing Loans
14:04 Global Trade Recap
16:02 House of Cards Collapse
19:10 Interest Rates
21:30 Michael Saylor Convertible Bonds
23:40 Today’s Bond Market
32:15 Holy Grail of Bonds
33:40 Cantillon Effect
35:30 Maintaining Interest Rates
39:15 Digital Energy + Global Currency
42:00 Debt Spiral
44:34 Money: Store of Value
49:00 Best Invention Ever
51:30 Global Trade
53:00 Global Reserve Asset
54:50 Probability Analysis
58:00 Value of Bitcoin Today
1:01:12 Unit of Account
1:03:00 Owning Bitcoin For Life
1:05:39 Best Trade of Career
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