The Nation State Case for Bitcoin with Balaji Srinivasan

“It’s basically the best investment of all time, and I have a feeling it’s not going settle down for a while. I mean, it could go to $1 million, even $10 million... $ 1million is no longer a crazy number to put out there for bitcoin.”— Balaji SrinivasanLocation: RemotelyDate: Friday 19th FebruaryCompany: balajis.comRole: Angel Investor & EntrepreneurThe corporate adoption of bitcoin has widely defined the last 12 months for bitcoin. Following Michael Saylor’s watershed move, companies such as Tesla and Square have been adding bitcoin to their treasuries.Many see the next logical step as nation-states adding bitcoin to their reserves. While some countries like Estonia and Malta have been very open to bitcoin, a large number still, at least publicly, have a less welcoming stance.The Indian government recently announced its intention to ban ‘private’ cryptocurrencies, including bitcoin, fearing adoption would threaten national security and create a capital outflow from the country. Balaji Srinivasan thinks this is the wrong move and put forward the opposite case in his recent article Why India Should Buy Bitcoin.In this interview, we discuss the benefits to a nation-state adopting bitcoin, why India are the perfect first mover and the demise of Silicon Valley.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD316 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.