so my question to you is why are we still at 100K like what's going on this is boring we're like poking I don't know if you seen the meme yeah the guy poking Bitcoin with a stick things things take longer than people think you know investor behavior is slow to change it's really most people who have investable Capital uh their primary job is not investing that capital they're they have a profession of some kind they're a doctor they're a lawyer they're an entrepreneur and they give their Capital to a trusted third party who specializes that
and they say whatever you think and they've had this playbook for decades of this Diversified portfolio and certain amount of bonds certain amount of equities and there's no place for Bitcoin in that portfolio right me me in this mentality so the first place that people start to think about maybe Bitcoin there's a place for this is well okay it's a digital gold right and maybe we can put some in you know take x% of my gold allocation and let's let's put some Bitcoin in there but the challenge with that is most people don't want to
own gold right they're like yeah I don't need that little store value thing that's not appealing to me so the market that we're talking to there from the investor world is relatively small and as people start to realize a couple things number one the biggest problem the entire world has is a store of value inflation rates are not what your government is telling you and I I feel like this narrative is growing and people are starting to understand this more that the real inflation rate is different than what you're being told and once people understand
that and once people understand that your S&P 500 thing that's delivering you 10% you're you're on a treadmill you're not you're not getting wealthier you're not making any progress and they start looking for ways to actually store their you know value out side of this Fiat system I think we'll see a lot of traction from a variety of you know places in particular I think nation states with uh fiat currency are going to be huge adopters there's more than 160 Fiat currencies that still exist you know 50 years from now I'd be very surprised if
we have more than 20 so what's going to happen to 100 plus Fiat currencies that are going away I mean all hundred of those countries could print their own crappy currency which is dying right now and buy Bitcoin with it or they could buy Bitcoin and back their currency with it or switch to bitcoin there's a number of things they could do but the bottom line is there are a lot of people in those countries and the countries themselves that are dying right they're F they're they're experiencing Financial death so there's a lot of demand
yeah absolutely I mean so and one of the things also Eric which is the idea of inflation right I think most of society has been sold on this idea that uh money needs to lose purchasing power in order to function yeah um I personally like that to me is the most perplexing thing right total total BS and you know it there's never been a money that has existed like Bitcoin yeah where every single day that Bitcoin continues to exist it proves that not only can money exist without inflation sure uh I know it's not deflationary
but I'm going to use the term anyways uh money can exist that is deflation I'm just using it for the sake of this uh conversation so what's your take on that like do you think this is a a like of course there's institutional adoption there's potentially nation state adoption talk about the Strategic Bitcoin reserve on the federal level on the state level what about individuals do you do you see this becoming like individuals all over the world adopting Bitcoin as they realize that it's just better money I mean it's the most egalitarian thing on the
planet right the truth is and this always I was always perplexed by the fact that there wasn't more support for Bitcoin on the Democrat side of politics because the constituency that they claim to represent you know your your paycheck to paycheck worker who does have a little bit of savings whether it's $20 a month $100 a month $1,000 a month whatever it is they're saving in a fiat currency that is getting killed and they're the ones suffering the most whereas if they were saving in something that was actually appreciating on a relative basis to fiat
currency they might actually get ahead and then you talk about how there's so many people on the planet that are unbanked you know who can't get banked and that's why they can't save but they all have a smartphone and Android phone of some kind as long as you can have an Android phone you can Bank yourself in Bitcoin in something that is going to appreciate in value not depreciate so I do think that individuals are going to be the biggest beneficiary of bitcoin's benefits nation states companies obviously will participate and they'll do it on a
larger scale but it's most important for the individual in my opinion yeah inflation is just like this pernicious tax on people and if you're really cynical you could take a view that this is government's way of suppressing the masses and keeping people down um I don't think you need to be that cynical like like you said we just didn't have money this perfect before and now we do and it just takes this is some this is some pretty highlevel education and thought stuff for the average person to grasp most people don't start questioning is the
inflation rate that I'm being told real what is inflation what does it mean how does it even affect my life most people think yeah it doesn't matter to me man I don't care I don't have any stocks like you know it doesn't you know so most people just don't get it so there's a lot of Education that needs to take place what do you think is going to happen to governments right so like one of the a lot again this is like you said this is deep down the rabbit hole but one of the primary
funding mechanisms for governments that have popular Fiat currencies I'll put it like that is printing money uh you can make a solid argument that with the adoption of Bitcoin all of a sudden that Revenue stream starts to go away and no I mean it could I think that's too cynical um and how so well governments can Embrace Bitcoin so like I designed these uh US Treasury bonds for Bitcoin that hopefully are are getting presented to the Future Secretary of the Treasury that's fascinating um where the government could issue these zero coupon bonds um so zeroc
coupon Bond doesn't have a coupon that pays an interest rate you buy it at an original issue discount and it accretes to the face value at maturity and then you get paid so say a 10-year zero coupon treasury bond now you might buy for it's got a par value of $1,000 you may pay $650 today and in 10 years you get $1,000 and I don't know that probably equates to something like a six or 7% yield um but the government could issue those bonds and say we're going to use the proceeds to buy Bitcoin and
then that Bond could be callable every year at par right so if you paid 650 for it today and it gets called in the end of one year you're going to get a much higher return like a you'll get a 35% return if you paid 650 right CU you're getting a th000 after one year and the government could tie that to the performance of Bitcoin so if Bitcoin is up 100% at the end of year one we pay off the bond and you make 35% the government's thrilled they issued a billion dollars of this 10-year
note and they took the billion dollars they bought a billion dollars of Bitcoin the Bitcoin is now worth $2 billion and they share some of it with the investor so and you could have that callable every year up until maturity so in the worst case scenario the investors getting whatever the normal yield for a 10year zeroc coupon treasury bond would be and if Bitcoin performs really well in the interim they're going to get a better return than they normally would so it's kind of a win-win the government gets to raise money to buy Bitcoin and
gets to share some of the you know profit with investor that that's fascinating and do you think so and so and you said that there's interest in the current Administration to do this I don't know I don't know that interest I I I have a a friend and a business partner who is friendly with some folks in the administration who is going to share this idea with them so we'll see hopefully they have an interest I mean one of the things I I never forget that that sailor said was the first country that uses their
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