371: Bitcoin: Investing Fad or Final Bullet to Fiat Currency?

BiggerPockets Money Podcast · Jan 9, 2023 · 1m

Asking for Bitcoin explained is like asking how a rocket works; it's a little complex. A digital currency is valued at a certain amount of dollars (or euros, yen, etc.) and is used to pay for goods or exchange for other currencies. That makes sense. But things can get complicated as we go deeper into Bitcoin and the blockchain. There's no need to get overwhelmed; we brought Saifedean Ammous, economist and author of The Bitcoin Standard, onto the show to explain. Saifedean, like many investors, was skeptical of Bitcoin at first. He thought it was merely a fad that would pass away in a few…