Nik Bhatia on Why Bitcoin is a Response to Central Banks

Mr Obnoxious - Un pódcast de Peter McCormack

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Location: Los Angeles
Date: Friday, 18th October
Project: OpenNode & Tantra Labs
Role: Research Strategist

State adoption of Bitcoin is unclear but countries such as Iran, North Korea and Venezuela are believed to be holding and using Bitcoin. While these countries are in the minority, some believe it is just a matter of time before Bitcoin becomes a generally accepted state-level monetary tool.

State-level censorship resistance is useful for nations subject to tight sanctions. The unique properties of Bitcoin could make governmental ownership of Bitcoin a necessity in the future and increased accumulation by governments around the world may lead to the U.S Dollar being replaced by Bitcoin as the global reserve currency.

Further, the global economy is becoming increasingly uncertain, with negative interest rates and the Fed's growing intervention in the repo market standing as warning signs of an imminent global recession.

Could all these factors speed up the shift towards Bitcoin adoption?

In this interview, I talk to Nik Bhatia, Research Strategist at OpenNode and Tantra Labs. We discuss how banking works, the global economic outlook and why Bitcoin is a response to centralised and monopolistic money creation by central banks.

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Connect with Nik:
- On Twitter @timevalueofbtc
- On Medium
- On Crunchbase

Connect with OpenNode
- On Twitter @OpenNodeCo
- The Website

Connect with Tantra Labs
- On Twitter
- The Website

Mentioned in the interview:
- OpenNode blog
- A most peaceful revolution by Nic Carter
- Central bank definition
- Venezuela using Bitcoin to bypass sanctions?
- North Korea using Bitcoin
- Lightning Network
- Realised market capitalisation
- Grayscale Bitcoin Trust
- 2008 global financial crisis
- 2008 bailout of the banks
- The repo market issues
- The Fed providing liquidity for the repo market
- Zap Wallet
- Bitcoin is a Human Right by Nik Bhatia
- The Time Value of Bitcoin and LNRR by Nik Bhatia

Other relevant WBD podcasts:
- WBD160: Dan Tapiero on Why Bitcoin and Gold Are Both Important
- WBD154: Plan₿ on Bitcoin’s Stock to Flow
- WBD153: Trace Mayer on Claiming Your Monetary Sovereignty with Bitcoin
- WBD141: Stephan Livera on Austrian Economics, Libertarianism and Bitcoin
- WBD140: Raoul Pal on Bitcoin as a Global Recession Hedge
- WBD130: Bitcoin is More Than a Financial System with Zac Prince & Jeremy Welch
- WBD127: Saifedean Ammous on Understanding Bitcoin Economics
- WBD094: Nic Carter & Pierre Rochard on the Economics of The Lightning Network
- WBD044: Debunking Economics and Why Bitcoin Will Fail With Steve Keen
- WBD036: The Threat of Fractional Reserve Bitcoin from Wall Street with Saifedean Ammous & Caitlin Long
- WBD032: Tuur Demeester on the Looming Debt Crisis and Central Banks for Bitcoin

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