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welcome to money is freedom

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a podcast

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exploring how finance and freedom connect in our lives

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created from thoughtful research

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and narrated by Notebook LM AI

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this series brings you clear

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meaningful insights into finance and beyond

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welcome to episode 12 Today

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we dive into the monumental moment

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bitcoin hits $100,000 well almost

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what it means for the future of money

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why it's the ultimate digital energy

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and how it's redefining gold as we know it

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stay tuned for a perspective on this historic milestone

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and why Bitcoin is more relevant than ever

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in shaping our financial future

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alright welcome back everyone

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ready for another deep dive

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absolutely always ready to dive in

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so bitcoin it's been kind of hard to ignore right

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especially since the election

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yeah it's been making headlines big time

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I mean a surge like this

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it's gotta be more than just the election right

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well let's see

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we've got some news articles

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expert opinions oh

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and even some audio clips this time

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sounds like a good mix so where do we even begin

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how about that Newsweek article

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the one about Bitcoin hitting almost $100,000

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oh yeah that was a pretty wild one

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$98,000 a 40% jump since well yeah

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since the election

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is getting really close to that hundred thousand Mark

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never been seen before

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I can only imagine the crypto world right now

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must be buzzing right

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buzzing is an understatement

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I think lots of excitement

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lots of speculation but is it sustainable

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that's the question right

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right because Newsweek seems to think it's all about

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well

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Trump the Trump factor

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they called it they think this surge is all about

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people expecting him to be like

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pro crypto which on the surface yeah

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makes sense

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he did say he wanted to make the US the crypto capital

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and that whole bitcoin reserve thing

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it was a big part of his campaign for sure

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but let's not forget a few years back

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he wasn't exactly singing bitcoin's praises

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oh yeah

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wasn't there that whole scam comment

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yeah back in 2019

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I think and again in 2021

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said it was based on thin air

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not exactly a ringing endorsement

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it is a pretty big shift in tone

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isn't it makes you wonder what's behind it

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hard to say for sure but it does make you think

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especially with his World Liberty Financial thing

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ah you mean his own crypto venture

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yeah that timing is interesting

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interesting indeed but hey

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let's see what the experts are saying

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you know yeah

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beyond the political stuff

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Newsweek quoted a few

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and most seem to think bitcoin will hit that hundred

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thousand Mark eventually

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eventually sure

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but when that's gotta be the million dollar question

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literally right

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some say 2024 others are leaning towards early 2025

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so no clear consensus then

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not really no

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but one thing they all seem to agree on is that uh

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well Gary Genzler might not be around much longer

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uh the SEC chair yeah

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known for being tough on crypto

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exactly and Trump has made it pretty clear

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he wants to replace him so

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regulatory changes on the horizon

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that's a big deal for anyone thinking about investing

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no doubt about it it's a whole new landscape

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but to really understand Bitcoin's potential

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I think

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we need to look beyond just the price fluctuations

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and the politics get to the core of it

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exactly and one of the most compelling arguments

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at least for me is the comparison to gold

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the whole digital gold thing

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yeah yeah

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it's not a new idea but it keeps coming up

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yeah especially now with all the

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you know economic uncertainty

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and those audio clips you mentioned

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oh yeah

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those the speaker in those clips

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he argues that bitcoin like gold

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has a finite supply 21 million

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that's it so

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no matter how much the demand goes up

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the supply stays the same

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exactly he calls it an elastic price

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which basically means no inflation

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unlike well

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pretty much everything else these days

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including gold to some extent

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some extent yeah

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gold can be mined

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so the supply can technically increase

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okay that makes sense

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so bitcoin with its limited supply

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it's a hedge against inflation

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like a digital safe haven

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that's the argument yes

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yeah and to really drive that point home

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he says and I quote

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if the price of Bitcoin triples

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you can't make anymore

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if the price goes up by a factor of a million

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you can't make anymore wow

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yeah that really puts it into perspective

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but it's not just a digital replica of gold

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is it nope

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not quite it has some unique advantages actually

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like what well

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for starters

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it's instantly transferable anywhere in the world

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no banks no borders

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and no need for like armored trucks or vaults

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exactly plus

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the potential for returns

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way higher than gold has ever seen

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makes you think doesn't it

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now this concentrated digital energy metaphor

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I gotta admit that one really caught my attention

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a powerful image isn't it

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it is so walk me through it again

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sure so

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the speaker's argument is that traditional energy

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like electricity it's hard to store

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hard to transfer efficiently

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but bitcoin he says

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solves this it's like this concentrated

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easily transferable form of value

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hmm he even compared it to steel right

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yeah steel

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he said is concentrated energy in metallic form

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bitcoin is concentrated digital energy

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pretty thought provoking right

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it is makes you wonder

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if it's more than just a clever turn of phrase

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could be pointing to something fundamental about

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Bitcoin's value what do you think

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I think it's definitely worth considering

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but let's not forget about another factor

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that Newsweek highlighted

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spot Bitcoin etfs ah yes

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those played a big role in the surge

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didn't they huge role

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now for those who might not know

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spot Bitcoin ETF

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lets you basically bet on Bitcoin's price

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without actually owning any bitcoin

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kind of like buying stock in a company

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exactly and it's all traded on regular stock exchanges

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which makes it way easier for well

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everyone to get involved and then accessibility

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it's like opening the floodgates

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yeah exactly

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I mean during the election week alone

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we saw something like $6 billion in trading volume

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6 billion wow

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okay so there's a lot of excitement

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a lot of potential

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but let's be real here there are risks too right

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absolutely yeah

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big time we gotta remember this market

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it's like a roller coaster

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super volatile

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bitcoin no exception so buckle up basically

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yeah pretty much

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I mean as David Glass

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he's a strategist city put it

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this is not necessarily a short term story

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it's likely a much longer term story

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long game huh

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seems like

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and we can't forget about the elephant in the room

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so to stake the environmental impact right

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Newsweek did mention some research about that

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Bitcoin's carbon footprint is well

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pretty substantial it's a serious concern for sure

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especially with all that coal being used for mining

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something like 45% yeah

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that's not great not sustainable at all

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definitely something to think about

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I mean

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how do we balance the potential benefits of Bitcoin

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with well

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the potential cost to the planet

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big question no easy answers

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but speaking of surprises

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remember how unexpected Trump's win was

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oh yeah

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nobody really saw that coming

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well Newsweek quoted some experts from Kaiko

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and they said the market didn't really see

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it coming either huh

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so even a decentralized market like crypto

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can be swayed by political events

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seems that way

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all right let's take a step back for a second

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catch our breath so far

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we've got bitcoin hitting record highs

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Trump going all in on crypto

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the whole gold comparison

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and that concentrated digital energy concept

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yeah it's a lot to unpack for sure

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but we're just getting started right

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so let's dive into some listener questions

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shall we this one popped up a few times

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isn't bitcoin just a fad you know

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like won't it just crash and burn eventually

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yeah that's a big one

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I mean it's been around for a while

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but there's still a lot of skepticism

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oh absolutely

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I mean how many times have we heard bitcoin is dead

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countless times right exactly

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but it always seems to bounce back

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often stronger even so what gives

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what's the secret to its uh resilience

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well a few things

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I think first off

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the tech behind it the blockchain

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it's constantly evolving getting more sophisticated

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it's not static you know

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always adapting always improving right

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and then there's the network effect

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the more people use it the more institutions adopt it

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the more valuable it becomes

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kind of like a snowball effect

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yeah exactly

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it's a self reinforcing cycle

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but let's be real there are risks too

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oh for sure

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another listener asked about that

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what are the biggest threats to Bitcoin's future

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so let's talk about those okay

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so even if Trump is good for crypto in the US

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other countries might not be

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we can see some like

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really strict regulations popping up elsewhere

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creating a kind of like fragmented market

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exactly and that could hurt bitcoin

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no question right

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and then there's the whole scalability issue right

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as more people use it things could slow down right

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yeah the network could get congested

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transactions might take longer

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fees could go up

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not ideal definitely some growing pains there

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but I thought developers were working on that

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they are they are

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but it's tricky

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you gotta find solutions that don't compromise

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you know the whole point of Bitcoin

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the decentralization the security right right

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it's a balancing act yeah

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and speaking of competition

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there are ton of other cryptocurrencies out there

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oh yeah

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thousands of them some with

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you know flashy features

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that might seem better than bitcoin at first glance

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so bitcoin could get like dethroned

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it's possible yeah

284
00:09:18,200 --> 00:09:20,600
but bitcoin has that first mover advantage

285
00:09:20,600 --> 00:09:22,400
you know that brand recognition

286
00:09:22,566 --> 00:09:24,233
it's hard to beat that true

287
00:09:24,233 --> 00:09:25,300
true now

288
00:09:25,300 --> 00:09:27,933
this listener asks what does Bitcoin's rise

289
00:09:27,933 --> 00:09:30,266
tell us about the future of money

290
00:09:30,333 --> 00:09:31,900
wow that's a big one

291
00:09:31,900 --> 00:09:34,233
it is a big one but I think it reflects a

292
00:09:34,233 --> 00:09:37,800
like a growing discontent with the current system

293
00:09:38,233 --> 00:09:40,300
you know people are looking for alternatives

294
00:09:40,300 --> 00:09:41,033
yeah yeah

295
00:09:41,033 --> 00:09:43,200
alternatives to traditional currencies

296
00:09:43,200 --> 00:09:45,300
things that aren't so susceptible to

297
00:09:45,633 --> 00:09:47,000
you know inflation

298
00:09:47,000 --> 00:09:48,366
manipulation by central banks

299
00:09:48,366 --> 00:09:50,366
they want more control exactly yeah

300
00:09:50,366 --> 00:09:52,333
more control over their own financial destinies

301
00:09:52,333 --> 00:09:53,633
so Bitcoin is like what

302
00:09:53,633 --> 00:09:56,166
a rebellion against the establishment in a way

303
00:09:56,166 --> 00:09:59,933
yeah it embodies this idea of like decentralization

304
00:10:00,500 --> 00:10:03,033
transparency individual sovereignty

305
00:10:03,100 --> 00:10:06,166
powerful stuff and this listener takes it even further

306
00:10:06,166 --> 00:10:09,166
asking could Bitcoin replace the US dollar

307
00:10:09,166 --> 00:10:11,000
as the world's reserve currency

308
00:10:11,000 --> 00:10:11,800
oh

309
00:10:12,333 --> 00:10:13,766
bold prediction yeah

310
00:10:13,766 --> 00:10:14,166
but you know

311
00:10:14,166 --> 00:10:16,366
the dollar's dominance has been slipping

312
00:10:16,366 --> 00:10:18,166
and Bitcoin with its fixed supply

313
00:10:18,166 --> 00:10:20,133
it's like the perfect counterpoint right

314
00:10:20,133 --> 00:10:20,966
potentially yeah

315
00:10:20,966 --> 00:10:22,933
yeah could be a game changer for sure

316
00:10:23,433 --> 00:10:25,433
but let's bring it back down to earth for a second

317
00:10:25,700 --> 00:10:26,833
a lot of listeners are wondering

318
00:10:26,833 --> 00:10:28,300
should I invest in Bitcoin

319
00:10:29,100 --> 00:10:30,166
now obviously

320
00:10:30,166 --> 00:10:32,300
we can't give financial advice right right

321
00:10:32,300 --> 00:10:33,900
not our area of expertise

322
00:10:33,900 --> 00:10:35,500
but there are some key things to think about

323
00:10:35,500 --> 00:10:37,433
like Bitcoin it's volatile right

324
00:10:37,433 --> 00:10:38,633
it's not for the faint of heart

325
00:10:38,633 --> 00:10:41,366
so do your research start small

326
00:10:41,366 --> 00:10:43,500
don't put in more than you can afford to lose

327
00:10:43,500 --> 00:10:45,333
exactly sound advice

328
00:10:45,333 --> 00:10:46,133
now this next question

329
00:10:46,133 --> 00:10:48,000
brings up something we touched on earlier yeah

330
00:10:48,000 --> 00:10:49,633
how does bitcoin fit into a world

331
00:10:49,633 --> 00:10:51,200
grappling with climate change

332
00:10:51,200 --> 00:10:54,233
yeah the energy consumption is a big concern is

333
00:10:54,700 --> 00:10:57,466
but there's a growing movement towards sustainable

334
00:10:57,533 --> 00:10:59,233
bitcoin mining you know

335
00:10:59,600 --> 00:11:02,000
using renewable energy like solar and wind

336
00:11:02,000 --> 00:11:03,300
so there's hope oh

337
00:11:03,300 --> 00:11:07,033
for sure we can envision a future where Bitcoin mining

338
00:11:07,033 --> 00:11:08,766
is actually good for the planet

339
00:11:08,766 --> 00:11:10,566
that would be amazing now

340
00:11:10,566 --> 00:11:11,933
this listener asks

341
00:11:12,033 --> 00:11:15,833
isn't bitcoin often used for illegal activities

342
00:11:16,333 --> 00:11:17,600
it's true right

343
00:11:17,700 --> 00:11:19,900
it has been used for some shady stuff

344
00:11:19,900 --> 00:11:21,633
it has but you know

345
00:11:21,633 --> 00:11:23,766
every form of currency has been used for

346
00:11:23,766 --> 00:11:25,533
illegal activities at some point

347
00:11:25,533 --> 00:11:26,700
cash for example

348
00:11:26,700 --> 00:11:28,366
exactly it's not about the tool

349
00:11:28,366 --> 00:11:30,300
it's about the intent of the user right

350
00:11:30,300 --> 00:11:32,000
I don't blame the Bitcoin right

351
00:11:32,000 --> 00:11:33,000
plus the blockchain

352
00:11:33,000 --> 00:11:33,433
actually

353
00:11:33,433 --> 00:11:36,000
offers more transparency than traditional systems

354
00:11:36,033 --> 00:11:38,000
makes it easier to track transactions

355
00:11:38,000 --> 00:11:41,433
so it could actually be used to fight crime potentially

356
00:11:41,433 --> 00:11:41,966
yes right

357
00:11:41,966 --> 00:11:43,900
it all comes down to how it's used

358
00:11:43,900 --> 00:11:45,966
how it's regulated speaking of regulation

359
00:11:45,966 --> 00:11:46,600
someone asked

360
00:11:46,600 --> 00:11:48,800
what role should governments play in the crypto space

361
00:11:48,800 --> 00:11:50,266
ah the big debate

362
00:11:50,433 --> 00:11:52,966
hands off or crackdown it's a tough one

363
00:11:52,966 --> 00:11:56,200
too much regulation and you risk stifling innovation

364
00:11:56,766 --> 00:11:59,500
but too little and you could have chaos scams

365
00:11:59,500 --> 00:12:01,100
instability loss of trust

366
00:12:01,100 --> 00:12:02,900
exactly finding that balance

367
00:12:02,900 --> 00:12:05,733
it's gonna be a challenge for policymakers for sure

368
00:12:05,733 --> 00:12:07,366
alright let's pause here for a sec

369
00:12:07,366 --> 00:12:10,100
we've talked about the risks and rewards of investing

370
00:12:10,100 --> 00:12:13,266
the potential impact on like the future of money

371
00:12:13,500 --> 00:12:16,066
we've touched on the environmental concerns

372
00:12:16,133 --> 00:12:17,200
the whole crime thing

373
00:12:17,200 --> 00:12:19,466
and the complexities of regulation

374
00:12:19,733 --> 00:12:22,100
lots to digest welcome back

375
00:12:22,100 --> 00:12:25,066
for the final stretch of our Bitcoin deep dive

376
00:12:25,100 --> 00:12:28,300
we've covered a lot of ground from market trends to

377
00:12:28,300 --> 00:12:30,600
you know the whole sustainability debate

378
00:12:30,800 --> 00:12:32,733
but now I wanna shift gears a bit

379
00:12:33,033 --> 00:12:34,666
talk about the bigger picture

380
00:12:35,366 --> 00:12:37,100
the philosophical side of Bitcoin

381
00:12:37,100 --> 00:12:37,566
if you will

382
00:12:37,566 --> 00:12:40,166
I like that it's more than just numbers and charts

383
00:12:40,166 --> 00:12:40,800
right exactly

384
00:12:40,800 --> 00:12:42,900
it's about ideas and as listener gets it

385
00:12:42,900 --> 00:12:46,166
they asked could bitcoin be a catalyst for like

386
00:12:46,166 --> 00:12:47,833
greater individual freedom

387
00:12:47,833 --> 00:12:48,500
hmm I mean

388
00:12:48,500 --> 00:12:50,166
that's a big claim it is

389
00:12:50,166 --> 00:12:51,600
but it's an interesting thought right

390
00:12:51,600 --> 00:12:54,366
how could a digital currency lead to more freedom

391
00:12:54,366 --> 00:12:55,200
yeah how

392
00:12:55,200 --> 00:12:55,766
well think about it

393
00:12:55,766 --> 00:12:58,600
right now we rely on these big institutions banks

394
00:12:58,600 --> 00:13:00,300
governments to manage our money

395
00:13:00,300 --> 00:13:02,766
what if we could like cut out the middle man

396
00:13:02,766 --> 00:13:04,933
take control of our own finances exactly

397
00:13:04,933 --> 00:13:06,600
that's a big part of Bitcoin's appeal

398
00:13:06,600 --> 00:13:09,100
I think it offers the possibility of a more

399
00:13:09,100 --> 00:13:10,700
you know decentralized system

400
00:13:10,700 --> 00:13:13,366
where individuals have more autonomy

401
00:13:13,366 --> 00:13:15,000
more power right

402
00:13:15,300 --> 00:13:16,933
and that leads to another listener's question

403
00:13:16,933 --> 00:13:18,300
which I think is really important

404
00:13:18,800 --> 00:13:21,633
could bitcoin help level the playing field

405
00:13:21,633 --> 00:13:23,466
for people in developing countries

406
00:13:23,800 --> 00:13:24,000
you know

407
00:13:24,000 --> 00:13:26,366
those who might not have access to traditional banking

408
00:13:26,366 --> 00:13:26,733
oh yeah

409
00:13:26,733 --> 00:13:28,366
that's huge millions

410
00:13:28,366 --> 00:13:31,200
maybe even billions of people around the world

411
00:13:31,200 --> 00:13:33,800
are excluded from the current system exactly

412
00:13:34,033 --> 00:13:35,033
but with Bitcoin

413
00:13:35,033 --> 00:13:37,966
all you need is a smartphone and internet access

414
00:13:37,966 --> 00:13:40,800
it's open to everyone doesn't matter where you live

415
00:13:40,800 --> 00:13:42,000
what your background is

416
00:13:42,000 --> 00:13:44,600
so we could give people access to global markets

417
00:13:44,600 --> 00:13:46,500
to financial tools they never had before

418
00:13:46,500 --> 00:13:48,300
exactly empowering individuals

419
00:13:48,300 --> 00:13:50,600
who've been left behind by the traditional system

420
00:13:50,933 --> 00:13:53,033
now this next question takes it even further

421
00:13:53,033 --> 00:13:56,933
it asks could Bitcoin help create more like

422
00:13:56,933 --> 00:14:00,866
resilient communities resilient communities hmm

423
00:14:00,900 --> 00:14:01,800
how so well

424
00:14:01,800 --> 00:14:03,633
imagine local economies

425
00:14:03,633 --> 00:14:06,066
where people can transact directly with each other

426
00:14:06,133 --> 00:14:08,100
no need for banks no fees

427
00:14:08,133 --> 00:14:10,100
just peer to peer like their own

428
00:14:10,100 --> 00:14:12,133
many economies gain away yeah

429
00:14:12,200 --> 00:14:13,633
bitcoin could facilitate that

430
00:14:13,633 --> 00:14:15,933
local currencies community marketplaces

431
00:14:15,933 --> 00:14:18,233
it's about giving power back to the people

432
00:14:18,333 --> 00:14:19,733
decentralization again

433
00:14:19,733 --> 00:14:21,333
seems to be a recurring theme

434
00:14:21,333 --> 00:14:24,733
it is it's at the core of the whole Bitcoin philosophy

435
00:14:25,300 --> 00:14:27,000
and it leads to well

436
00:14:27,000 --> 00:14:29,033
probably the biggest question of all

437
00:14:29,133 --> 00:14:30,333
one listener asked

438
00:14:30,366 --> 00:14:33,600
is Bitcoin ultimately a force for good or evil

439
00:14:33,600 --> 00:14:35,600
whoa that's a heavy one

440
00:14:35,600 --> 00:14:37,866
it's like that with every new technology right

441
00:14:37,933 --> 00:14:39,900
it's a tool it can be used for both true

442
00:14:39,900 --> 00:14:40,533
I mean

443
00:14:40,533 --> 00:14:43,566
fire can keep you warm or it can burn down your house

444
00:14:43,566 --> 00:14:46,100
so which is it for bitcoin

445
00:14:46,366 --> 00:14:48,866
good or evil I think it depends on us

446
00:14:49,333 --> 00:14:51,400
on how we use it on our intentions

447
00:14:51,900 --> 00:14:56,666
but what excites me about Bitcoin is its potential to

448
00:14:56,733 --> 00:14:58,433
you know empower people

449
00:14:58,500 --> 00:15:00,166
promote financial inclusion

450
00:15:00,166 --> 00:15:01,633
create a more equitable world

451
00:15:01,633 --> 00:15:03,333
those are some pretty lofty goals

452
00:15:03,333 --> 00:15:04,366
they are and

453
00:15:04,366 --> 00:15:06,433
Bitcoin might just be a tool to help us achieve them

454
00:15:06,433 --> 00:15:07,600
but it's not a magic bullet

455
00:15:07,600 --> 00:15:09,166
we gotta be realistic there are risks

456
00:15:09,166 --> 00:15:10,100
there are challenges

457
00:15:10,100 --> 00:15:11,766
we can't just ignore the potential downside

458
00:15:11,766 --> 00:15:12,600
exactly yeah

459
00:15:12,600 --> 00:15:14,833
we need to be vigilant have open discussions

460
00:15:14,833 --> 00:15:16,700
and use this technology responsibly

461
00:15:16,700 --> 00:15:18,200
it's a balancing act for sure

462
00:15:18,200 --> 00:15:20,500
it is and the future bitcoin

463
00:15:20,633 --> 00:15:21,700
well it's uncertain

464
00:15:21,766 --> 00:15:24,200
just like the future of any new technology

465
00:15:24,300 --> 00:15:27,400
but one thing's for sure it's got people talking

466
00:15:27,400 --> 00:15:29,800
it sparked a global conversation about money

467
00:15:29,800 --> 00:15:32,033
about technology about the future finance

468
00:15:32,033 --> 00:15:35,033
and that conversation it's just getting started

469
00:15:35,033 --> 00:15:37,533
that's right so keep asking questions

470
00:15:37,533 --> 00:15:40,466
keep learning and be a part of shaping that future