Could Bitcoin Be the Global Reserve Currency?

Bitcoin Mar 14, 2022

I have to be honest...

I have more experience on the interviewee side of things than the interviewer, but its always good to push your comfort zone.

A little while back, I had the incredible opportunity to interview someone on Real Vision—a platform which greatly assisted me in developing my views on where the world is heading. And so I chose Greg Foss. I wanted to mix it up from the usual macro talk, so I delved into Foss’s background, how he got here and his thoughts on Bitcoin.

Real Vision Description

"Ray Dalio, founder, co-chairman, and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, famously noted that global reserve currencies typically last for 100 years or so. If that trend holds, the US dollar is nearing the end of the privileged status it inherited from the British pound. So, what comes next? Greg Foss and Seb Bunney believe it’s Bitcoin. Foss, a strategist at VPC, and Bunney, who advocates at The Looking Glass, argue that the world’s No. 1 cryptocurrency features characteristics necessary to the task. Foss stresses the importance to humanity of a hard asset immune to censorship and manipulation. Inflation, he says, is crippling poor families on fixed incomes, leading them down a dangerous path of debt accumulation. Bitcoin, as Foss sees it, is the way out of the fiat-driven leverage spiral the entire Western world has fallen into. Recorded on March 1, 2022."

You can find the video here.