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Greg Foss, Bitcoin Strategist & Partner at Bitcoin Opportunity Fund, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the impending collapse of the petrodollar and Foss’s view that oil and all energy will eventually be priced in Bitcoin. Foss discusses how Bitcoin is a credit default swap on sovereign debt and why he believes Bitcoin is the “most asymmetric investment opportunity of our lifetime.” They also discuss how CBDCs could actually support Bitcoin adoption. Foss and Makori spoke at the Bitcoin 2023 conference in Miami.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Greg Foss on Twitter: @FossGregfoss (https://twitter.com/FossGregfoss)
0:00 – Energy will be priced in Bitcoin
10:33 – Bitcoin as CDS against sovereign debt
18:25 – BTC is worth $400,000 per Fulcrum Index
19:04 – Why all fiat is programmed to debase
24:35 – Bonds are the “dumbest investment”
28:21 – Banking crisis
33:11 – CBDCs could spur Bitcoin adoption
37:30 – Bitcoin Opportunity Fund
#bitcoin #oil #cbdc
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