“Goodness, I wish I’d listened to you back then!”
That is how my latest interview began. Kerry Stevenson was referring to 2011 when I first spoke about Bitcoin at the Precious Metals Investment Symposium in Sydney, Australia.
Since then, government debt has tripled and the rise of crypto has created many new millionaires. How much further can these economic trends continue?
There’s no doubt that gold has been the best investment of the last 20 years, but BTC has arguably stolen the crown over the last decade, because cryptocurrency is a total paradigm shift in money and banking!
As F.A. Hayek boldly proclaimed in 1984, “we can’t take it violently out of the hands of government,” but…
The establishment is long now too. Bitcoin may still just have a ~$125 billion market cap (roughly 1/10 the size of Apple), yet when you combine the related derivatives industry, the exchanges, the downstream development, etc. it’s all likely in the trillions.
They have not been able to shut it down so far… the powers that (shouldn’t) be would have to significantly ramp up their totalitarianism.
TDV Senior Analyst Ed Bugos sums it up well:
“Anything can happen if the world goes to war, and it’s certainly possible they are banking on one. Short of such extremes, however, crypto is effectively unstoppable!
The only reason it may look otherwise right now is because we are still in the goldilocks phase of the business cycle. When the next downturn comes around, it will all look different then.”
In my recent discussion with Stevenson, we covered everything from high-level interest in Bitcoin and cryptocurrencies, rampant money “printing” (QE) and bank bail-ins, to the gold market, mining stocks, hyperinflation and the coming fiat currency collapse, plus Anarchapulco 2020 and more!
Have we already reached the tipping point? Kerry asked me plenty of great questions that many investors likely have on their minds these days.
Perhaps most importantly, blockchain technology is an innovation. It is progressive and disruptive because it offers better and more sound features than the “modern” financial system, which everyone knows is broken.
To learn more and dive into this exciting new world, subscribe to TDV’s newsletter (HERE) and make plans to join us in February at The Dollar Vigilante Internationalization & Investment Summit. Five to ten years from now, this is the event you’ll be proud that you attended!
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