“The only way for that system to subsist into the future is for them to print more and more money, and in either scenario, whether they print money or they don’t, the economic engine collapses.”
— Parker Lewis
Parker Lewis is Head of Business Development at Unchained Capital. In this interview, we discuss the failure of currencies, the collapse of the economic engine and Bitcoin being the largest tidal wave that's ever existed.
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In the nearly 14 years since Bitcoin was launched the global order has continued to shudder in the wake of a rolling set of crises. Front and centre is the unwinding of the global economic order. Fiat currencies are straining, inflation is rising, and central banks are using ever more extreme and counter-productive measures to keep the economy afloat.
We’re in the final throes of the long-term debt cycle. Everyone can see it. And yet governments and central banks are refusing to accept the inevitable. Money printing continues, in part to deal with the second-order effects of the previous round of money printing.
Bitcoin rose sharply at the beginning of this period, but it has stalled in the shadow of Covid as the world struggles to repair economies whilst dealing with growing geopolitical tensions. Throughout this turmoil, as Parker Lewis states in our interview, Bitcoin’s value proposition has remained the same. Why is it then that Bitcoin has been in a bear market?
The protocol has proven itself to be a solid basis for a new form of money. Yet, its volatility in the wake of rising inflation has resulted in a wave of commentators dismissing its value. This has an effect. We all know people who still think Bitcoin is a crazy fad. This issue, as Parker Lewis contends, is that you need to do the work to understand Bitcoin’s vital importance.
Bitcoin adoption is a function of knowledge distribution. Those of us who are in the know must therefore keep spreading the word, educating, advocating, orange pilling. If we do that then Bitcoin can’t lose.
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This episode’s sponsors:
Gemini - Buy Bitcoin instantly
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Fidelity - Careers in crypto
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Texas Blockchain Summit - Nov 17-18, 2022 | Austin, Texas
BCB Group - Global digital financial Services
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