Gold became money as determined by the free market because of its properties—scarcity. But with the invention of Bitcoin, we are now seeing a historical event that will never be repeated. What makes Bitcoin so special is that prior to Bitcoin there was no other form of money with its absolute limited supply.
Bitcoin’s characteristics make it a direct competitor to the central banks because of its absolute scarcity, resistance to theft and confiscation, and the system that it’s built upon prevents it from being shut down.
Today’s guest, Robert Breedlove who is the Co-Founder and CEO of Parallax Digital, a digital asset hedge fund and digital securities advisory firm, says, “Central banking is a model based on socialism.” Whereas “Bitcoin is purely a capitalist technology and lives entirely in the free market.”
So what is the endgame? Bitcoin separates money from State control.
Host Robert Kiyosaki and guest Robert Breedlove, CEO of Parallax Digital, discuss the history of money, why fiat currency is a pyramid scheme, and how Bitcoin is challenging the central banking system.