Bitcoin Is Much BIGGER Than Most People Realize: Check This

Bitcoin isn't about getting rich. It's about making sure that the people in charge cannot make you poor by the push of a button. This is the final part in the three-part series with VJ Boyati. And in this episode, we dive deep into the endgame of Bitcoin. We move from the economics into the moral imperative of sound money and discuss why honest money isn't just a financial choice, but a requirement for a free and spiritual society. We're visualizing a world where Bitcoin is the pristine collateral for all global trade. and why this shift is the only way to opt out of a rigged game. If you're enjoying my content, it would mean a lot to me if you could subscribe to the channel and like my video to support my journey. Thanks a lot. Now, let's dive in to the last part of this series with VJ Boyati. All right, welcome to episode three of my and the final episode of my series with VJ Boyati. There's nothing like Bitcoin and you need it. Um yeah, in in this conversation part three, we're going to focus on Bitcoin's end game, human freedom, and the unit of account, which is the final stage of uh of monetization. So, uh FJ, happy to uh to record the final episode. We had a little break in uh in between, but we're back. >> Oh, I'm glad to do it with you, Bram. Awesome. So, um yeah, let's just uh continue, you know. Um, I think one of the biggest realizations that I had along the way and like the analogy that I really use is kind of like the the broken yard stick or the broken measuring stick, right? So, currently we we measure everything of of value in in dollars, but the dollars are being the base, right? More dollars are being created, so each unit becomes uh worth less. What happens to this simulation? you know, the prices of homes or food or labor when the world starts pricing things in Bitcoin. Um, yeah. Does the world make sense again then or like how do you think through that? Yeah. I think I just want to elaborate a little bit on what you said. I think when you have a unit of account which is the yard stick the measuring stick for the entire economy that is constantly in inflating one of the consequences is that you get this misallocation of capital and in the beginning of an inflation you uh get this general sense of well-being like everyone feels richer everyone has more money and they start spending more uh because there's just a general sense that there's more money in the economy but no one really understands Why? Then you start getting the misallocation of resources and so for instance in the great financial crisis the misallocation started going towards housing and so people were putting a lot of money in housing and you get this credit bubble. Uh eventually the credit bubble ends because you you you cannot have every part of the economy devoted to building new houses. It just everyone would starve. So at the point at which it bursts, the credit bubble bursts, you you get this sort of counterveailing force of deflation and mass unemployment and you you have to have a reallocation of that real capital, people who are working, the factories, uh all of the all the economic weight that was going into this misallocation has to be redirected to other parts of the economy and that's really really painful. So this is one of the most uh penicious parts of having a yard stick which is not fixed and constant and and uh is not um controlled by the government. Uh so the benefit if we go back to a fixed monetary standard one which cannot be inflated by any government which doesn't have political control is that you can rely on that value uh going forward through time. the price is something that you can rely on. Uh and that really helps future long-term planning. And long-term planning is really a foundational thing about capitalism. It's really hard to uh project things like costs into the future when you have an underlying inflation. And the most egregious case of this is when you look at economies like say the Weimar Republic or Argentina where you have really massive inflation then you can't plan anything. It's really hard to build any kind of business. And I remember when I uh I spoke to a friend from Argentina and he told me when he was a kid they had a person who used to go to the grocery store and change prices. They would walk around the store and they would up make the prices go up because of the inflation. and when they got to the end of the store, they would go straight back to the beginning and do the whole thing again cuz the inflation was so rapid, they needed to update prices constantly. So, if you're a business operating in that environment, it's very, very difficult to know how to plan for like what are the costs, what are the inputs to your business going to be? You can't tell because they're changing so quickly. Uh, and then your ability to invest uh in the future goes down. And so it really it it ends up in kind of an economic collapse like a hyperinflationary collapse. Uh and and the final state of this is you can see pictures of places which have gone through this like the Weimar Republic where all business has basically stopped and people are running around with barrels full wheelbarrows full of cash trying to buy any kind of hard good. They're trying to buy a loaf of bread or a carton of eggs uh or a bar of gold, something they can get their money into because money itself has been completely destroyed. And that's when the ability to measure anything has gone. Uh and that is the final end state which is a complete collapse uh of the economy. The other uh side of it is when you have money you can rely on, you can project very far into the future. And we had this, we actually had this under the classical gold standard in the 19th century. And one of the things that's really cool is you look at the price levels for goods uh in the 19th century and they were flat. They were flat over that entire period. So that gives you the ability as someone creating a business or an enterprise to project very far into the future. Uh it also means as a saver you can rely on your savings. Uh, one of the one of the problems in an inflationary economy is people who save cannot rely on their savings holding their purchasing power over time. And so the the result of that is people are forced into gambling. They're forced into taking their savings and trying to invest it in a way that at least keeps up with inflation. Because if they don't do that, then they're going their savings, the the fruits of their labor are able to purchase less over time. They're able to buy less bread. They're able to buy less meat. Their lifestyle starts degrading over time. And so they they start thinking, "Hey, you know, I can't buy as much. I need to do something with my money. I need to go, uh, invest in GameStop, uh, or these meme stocks because I need to chase something that's going to give me enough return." And and and the thing that really harms the economy there is that it starts undermining the division of labor. In a healthy economy where people aren't worried about their money losing value over time, people focus on their profession. Whether it's being a good dentist or being a good teacher or being a good podcaster, you focus on that thing and you don't you everything else you push to the side and you become very good at it and then you are providing a service to the economy and to the people in the economy which is getting better over time. When you have an inflationary money, people who are like dentists or doctors or teachers, they're they're gambling as well. They're like, "The money I'm earning is not holding its purchasing power, so I need to do something with it." And on the side at night time or whenever, they're like trading stocks or they're trying to figure out a way to keep uh their money from losing purchasing power. If the money keeps losing value every day, your motivation and your incentive to keep on delivering value every day or trying to figure out what your um way of delivering value is in in the world that is kind of um degrading um and then incentives that might be uh might have been positive at one point kind of become uh perverse. And uh having a hard money standard could actually bring us back to um times that have existed before on a hard money standard. >> Yeah, absolutely. And I want to add one thing to what you said which is uh under a hard money standard uh whether it's a bitcoin standard or the the classical gold standard like you say you can trust that your money will maintain its value its purchasing power over time or increase slowly over time and so you don't have to worry about your money. Uh and one thing that would be very different is that there would be a very different mindset to investing in the stock market. Uh people invest in equities because mostly they're trying to make sure that their money doesn't lose value over time. Uh it's like a way of kind of getting some inflation adjusted pro protection of their money. But it is actually a very strange thing to have random people who know nothing about the stock market and produce no alpha uh no extra kind of insight into what is a good investment and will produce economic growth just throwing money at the stock market. That is not something that would be normal under a hard money standard. You would not have people uh who are dentists or doctors throwing money in the stock market. I just that's not what would happen. like you would not be investing in individual stocks because you don't you're not providing any alpha. You don't know anything. You you know you're not an expert on the the the cash flow of these companies. What you would do is you would focus on the thing that gives you a comparative advantage in the economy. What is your particular skill? And it's just it is better for everyone uh in an economy if everyone is focusing on their particular talent or comparative advantage that they can provide to everyone else as opposed to focusing gambling on the their savings because they're they're worried that the savings that they've built up will lose value over time. >> So it's just a much healthier economy overall. If your Bitcoin double tomorrow, would you feel good about how it's secured right now? Most people haven't really pressure tested that. And I get it. Some people are comfortable taking full control of their own keys, but others want security without having to manage it all themselves. That's why I partnered with On-Ramp, multi-institution custody where your keys are held across independent institutions in multiple jurisdictions. No single company can access, move, or lose your Bitcoin. Lloyds of London insured, inheritance planning builtin, and a team that walks you through the entire setup. They serve clients globally, whether you're in the US, Europe, or anywhere else. Book a free consultation at onbitcoin.com/bram to learn more. That's onbitcoin.com/bram. Most people stop too early with Bitcoin. They buy it, maybe move it to a wallet, and think they are done. But they're not. The real questions are how you're securing it, how private your setup is, and whether you're verifying your own transactions or trusting someone else, and what happens to your Bitcoin when something happens to you. This is the layer that most people ignore. And it's the most important one. That's why I've been working with the Bitcoin way. They help you set up self-custody properly, including privacy, cyber security, inheritance, and even running your own note. And they do it without ever touching your Bitcoin. They're not a custodian. They're your support team. If you're serious about this like I am, go to the bitcoinway.com/bram, that's br to book a free call. They'll walk you through your setup, personalize everything to you, and help you get a much stronger position very quickly, whether you're a beginner or more advanced. That's the bitcoinway.com/prum. Yeah, I think this is super interesting because a lot of people would probably uh label this as very utopian or or whatever, but you you just gave me an insight like it is actually so crazy that you are are are kind of incentivized to invest money in Yeah, like you said, a company that you can never truly understand to its debt, right? And you're not there and whatever. Like a lot of people, for example, are invested in Tesla or SpaceX. I mean, I like Elon Musk, but if Elon dies tomorrow, right, if he doesn't wake up tomorrow, you're going to be right? And so, the whole idea that you would rather now invest the money in someone else's company, again, that you cannot fully control, and by the way, also stocks are never your property, etc. Uh, people are incentivized to do that rather than to invest in them in themselves, which is kind of crazy, right? like that that in my just uh simple opinion and observation would be the entire goal of of of gaining money, right? So you can invested in yourself whether it's buying time and space to learn something new or investing in a in a business or just in your in your life in general. But you're kind of forced to become this uh investor, right, that takes more risk besides whatever you're doing, right? Whether it's a job or a venture. like when you're home you have to take even more risk to mitigate the debasement that is caused by a third party that is doing that not to the benefit of of you right so people are in this in this kind of circle they're kind of stuck there and I think in general in the bigger picture we are also stuck with these kind of like boom and bust cycles right if if uh if there's basically infinite money which is constantly being added to um uh the marketplace incentives go down but also risk risk-taking goes up, right? And and I think when you listen to classic Keynesian economists, they just say like, well, yeah, that is, you know, human psychology, the booms and busts and and whatever. But I think what they uh conveniently leave out is the fact that it is artificial behavior, right? It is artificial behavior created by the fact that they are um creating more money. So what happens when we have an uninflatable money? What what do you think happens? Do you think uh people just become more diligent, right? You have a set amount of let's say Bitcoin and before you spend it or invest it in in either yourself or in someone else, you're just going to be very very diligent because you know the worth of of this scarce asset. Like how do you think through that? Yeah, I think one thing that would definitely change is that there would be a lot less debt based investing where people and businesses uh they they seek capital through debt structures because when you're on a hard money standard uh it's generally more difficult to pay down debt because it's a deflationary system rather than an inflationary system. when you're in in when you are in an in inflationary system, it it almost uh benefits you to take on debt because the money itself is being debased. So your your the total outstanding debt that you have is easier to service over time. So this system that they've created incentivizes people buying homes with debt for instance which is actually a relatively new phenomena uh that that's taken hold in in the western world where you'll take a million dollar loan and you'll buy a house and you can service that debt because you live in an inflationary world where that million dollars becomes easier to pay down over time. Uh, I think when you have a hard money standard like uh like the gold standard, which I think the Bitcoin standard really is modeled on, uh, you wouldn't see that. You wouldn't see people taking loans to buy a house. It makes absolutely no sense to take on debt to buy a non-productive asset. I think the the primary mode of investing that would happen in a Bitcoin world is equity-based investing. instead of like taking on debt to build a business or to buy something, you would sell equity in your business. So you say start a podcast and instead of saying I'm going to uh get a loan from someone that I have to pay back over time which becomes more difficult over time in a deflationary uh economy. You would say I am starting this business and I'm going to sell 10% of the business. So you would get investment where your investors would be co-owners of the company and the mindset is very different in an equity-based uh economy versus a debt- based economy. You have partners, your investors, your partners, they're people who sit alongside you and want your business to grow. So the mindset of the investors of the people who are investing in your venture uh is much more in my opinion much more collaborative than in a debt based scenario where a a debt investor doesn't care about you go off do your business and pay me the interest payments and if things go really bad I'm just going to possess everything you have and pay myself back. It's not a collaborative mindset. So I think that's actually one pretty big distinction between a hard money world, a hard money economy and a fiat-based economy is the kinds of investments you'd see in in businesses would be uh very different in the capital structure, not debt based but equity based. >> The whole idea of Bitcoin is you either have it or you don't. Uh, and and when you say you have it, because Bitcoin is so ultimately transparent, you know, I can force you to prove to me that you have it. And if you don't want to do that, it shows me that I cannot trust you because there's an ability for you to to prove it to me. Does that make sense? Like that's kind of how I think through it in this functionality. So you can play the game, but eventually you will blow up when you basically get called on your bluff or you know what you say you own as as a collateral. >> Yeah. So another way of thinking of a hard money standard is an honest money standard. Ron Paul used to call the gold standard honest an honest money standard. And um one of the benefits is you don't have this kind of canalon effect which is that people can enrich themselves through political connections. the in fiat money standard, the closer you get to the state and to the kind of banking system and the apparatus of printing, the more you can enrich yourself because if you get the new money first, then you get to profit from that new money before the people who get the money last, who are typically working in regular jobs like teachers and uh um policemen and and and folks like that who get the money the last. They're the ones who get harmed the most by inflation. And so you don't have that in the Bitcoin standard where you can kind of uh you know put your mouth in the trough of the the the uh central bank and feed on it first before everyone else gets a chance. Uh it's honest because the only way you can get it is by exchanging value. You have to produce something valuable that someone else values and is willing to give up something that that you know they have produced that's valuable to you. Bitcoin is in in I think a way the freest market that exists on earth. Like there is no other market where it's pure supply and demand. There's no manipulation and that does actually you know show up in some volatility in the market because you can have some wild swings that people can freely if they want dump billions of dollars of Bitcoin on the market. Uh uh and there's nothing nothing stopping them doing that. Then there's also no central bank underneath saying, "Hey, we need to prevent the price dropping too much." So, Bitcoin is the the purest instantiation of a free market that exists on Earth. Uh, and in a free market, the only way you can get value is by producing value. You can't get it through political connections or backroom dealing. You have to do something that's valuable to someone else. Then you get the Bitcoin and you can verify that you got actual real Bitcoin. It's it is what that person says it is because you can verify it on the blockchain. And that makes Bitcoin unique even to gold. Like if you do an exchange of value with someone who's holding a gold coin, there's always some uncertainty. Did I actually get what they said they gave me or is it counterfeit? Uh and and so Bitcoin is an honest money standard in in all those different aspects. So what do you think um a standard like that brings to society? Would it would it make it more healthy in any way possible? Right? I mean uh a lot of people are very nihilistic uh today. They are consumers instead of builders, right? Um how do you how do you think that that changes? >> Yeah, I I I definitely think there is a moral impact. uh because money is the foundation for all uh uh all trade and savings in a society. So it really does impact everything. And one thing I've seen in my experience is that when people sort of put themselves on a Bitcoin standard and say I want to keep my savings in Bitcoin, it it really changes their mindset over time and it changes their moral framing of the world. And they start by realizing they they want to save. They they enjoy saving because they see their savings grow in value over time rather than their savings diminish in value over time. And then their mindset becomes like well maybe I can work more. Maybe I can get an extra job or maybe I'm consuming too much and I can reduce my consumption so I have more savings to put into this new form of money which I see is growing in value over time. So it tends to make people more future oriented is my experience. I've seen a lot of people who became better savers because they got into Bitcoin and they saw that there's a form of money which can hold its value and grow in value over time. Uh so it has that moral influence as well. I think it it tends to make people uh lower time preference. But they think more about the future and because they think more about the future uh it makes them um I don't know more morally morally oriented and I think that people start thinking about well I couldn't you know say I didn't have enough money or value to have a kid maybe I can have a kid because the money that I have is growing in value over time. Uh, and that's a kind of future oriented decision that you could make is like I want a family. I want to have kids because uh I can afford to do that in the future. And it's one of the I think the greatest um detriments of the fiat system is that you you've seen a just a steady degradation uh in the last 50 years of people choosing to have children or wanting to have children. Uh it was very common 50 years ago that the majority of people in their early 20s wanted to have a family. Um and now it's very you know it's become becoming increasingly rare. There are a lot of people who think I don't want to have kids. And a big part of that is just it's too expensive. Uh the the value that they are able to create and to save into the future has diminished so much because of this fiat money standard we're on. that people don't want to even think about kids. Uh, and I think it also makes tends to make people uh more um what's the right way of saying it? Uh kind of like selfish, more uh focused on themselves as opposed to focused on the people around them. and and the idea of wanting to, you know, create a family and and have some other outlet to uh to your your life's ambition. Um >> like hedonistic, I think you mean >> you're sorry, say again. >> Hedonistic. >> Hedonistic. That's exactly what I'm thinking of. They're hedonistic. They're they're thinking only about their own pleasure as to um being part of something that's more important. Uh, and I think that's definitely connected to being on a fiat money standard and uh that pushing people to a life of gambling and hedonism. >> Yeah, I I I think this is a great subject to kind of uh zoom zoom in on, right? Like because the the the current system really rewards people that take on debt, right? uh especially in the US there's there's you know your credit score is better when you have more debt and you know stuff like that which you know is something the the European mind cannot comprehend but still in Europe there's also uh I think massive debt and it kind of punishes the people that actually save right that that are able even in this crazy noisy uh economic and financial space to to be diligent with their money or or find an edge for the way they add value, right? And and and earn more than they spend, etc. Um, but like you said, a lot of people are focused on on the now, but not in the in the positive way. I would say like like um something like the the now only exists. Yeah. again you know in a spiritual way you know that's that that is true but um in a way of like we like I mentioned before this consuming versus building right I think you know that's something that I keep getting getting back to it's like okay you you consume so you kind of um try to fill something with external stuff whereas when you are building you have to um take get all of that from from within basically right and and when you decide that you want to build something you instantly have a problem because it doesn't exist right so you have to figure out okay how is this going to exist how am I going to do it you know do I need help from other people what's the best approach and you know all all that stuff that comes with uh setting an intention to to to create or to build something um that's a I think that's a really I I haven't heard that before Brahma I think that's a perfect summary of a key distinction between the fiat system and a hard money system is a consuming mindset versus a building mindset. And that building mindset can, you know, cover a lot of different things. And one of them is like building a family. >> Anything, right? Like >> yeah, building anything, whether it's a business or a family. It's the mindset of thinking into the future and wanting to build or create something that didn't wasn't there before. And the fiat mindset is to consume to you know fill fill the kind of emotional spiritual void by like >> consuming more or gambling more. Uh that is a very interesting way of summarizing consuming versus building. For my European friends that want to buy Bitcoin with ease, check out Relay. I've been a longtime fan and happy to partner up with what I think is the best Bitcoin only platform for Europeans. They offer a super simple beginner-friendly app with no distractions and no shitcoins. You can do a quick one-time smash buy or set up automatic purchases when you're stacking regularly. And here's the thing that matters most. Relay is 100% self-custody. Every set you hold is yours. Your keys, your coins. If you want to get started, download the app via my link below or in the description and use code brum. That's B R A M at checkout to get 10% off your fees. A huge shout out to Relay for sponsoring the show. Now, let's continue. So, one of the other things that um I'm really seeing, and obviously this is called uh Bitcoin for millennials, right? Like for millennials and Gen Z, they they've had this certain path, life path that was sold to them, you know, I'm I'm doing air quotes, sold to them, told to them, right? uh by by their parents and grandparents, etc. And they're they're kind of realizing that it doesn't really exist anymore. And I think in for Gen Z in even a way different way than for millennials, but I think millennials are also realizing um that it doesn't exist for for their kids, right? A lot of millennials obviously also have young have young kids. So these generations are kind of waking up to the fact that what they thought was the freedom they had is actually a very narrow band of kind of like a a constructed reality uh within you know where where they can kind of um move. And I've heard you say or or I read it. I I don't really know that that that there's always uh a certain way that that every generation can kind of fight for their for their own um freedom. So would you agree if if if we describe Bitcoin as the the ultimate peaceful revolution like as a as a tool for millennials and Gen Z to um yeah kind of escape this this game that they found to be rigged basically. >> Yeah. I think millennials have it really tough because they're the first generation they cannot expect to have a greater standard of living than their parents which is really disappoint. I mean in a long long time maybe two centuries uh every generation could expect that their lives would be better than their parents except for millennials and a lot of them find themselves for instance living with their parents because they they're not able to afford their own home. They don't have enough money to start a family. uh they they they have to work, you know, odd jobs here and there to put together enough money to just even live. Um and I tweeted about this. I said, "Bitcoin really is uh the way in which millennials can catch up. I mean, there's there's such a disproportionate amount of savings held by boomers uh and and Gen X versus millennials. Millennials are so far behind that the one thing that would help millennials catch up is the monetization of Bitcoin because they have an advantage in understanding Bitcoin a lot better than you know boomers uh who happen to have all the savings. So if we have a monetization event it will disproportionately affect and improve the condition of millennials versus boomers because they were they were the ones who were adopting Bitcoin way before most boomers. So there is a there is a great benefit if millennials see this and I think this will be very natural when you grow up in a world where you've most of your life or a big part of your life Bitcoin has been around you're going to trust it a lot more and be willing to adopt it more than people who've only seen it at the end stage of their life. I think it's especially true of Gen Z. I think a lot of Gen Z kids really get Bitcoin like they're they're not the kind of people who are thinking I want some gold in my portfolio. uh they they understand Bitcoin. They want to have some of their savings in Bitcoin. Uh they're the ones who are really going to benefit as Bitcoin becomes money. They're going to start with a lot of their savings in Bitcoin. And so that that multiplier effect as Bitcoin becomes money is going to benefit them more uh disproportionately versus say boomers. Um, I think a lot of people nowadays because of the money and and and all all the all that the broken money brings you, they, you know, they have a a nihilistic doom zero some game type thinking that I I think is holding them uh back in terms of actually seeing the problem first and and and hopefully Bitcoin as as second. Um, you know, people people will reply to how we're talking now in a way that they say, you know, how do you know it's going to be like this? But I'm the only thing I'm thinking when people talk like this is, you know, what else? What else? What else are you doing once you realize that the money is broken and it causes all these problems and and things that we're talking about. So, yeah, what what else, VJ? You know, what would be your reaction to that? >> It's a good question. One thing that I think is really uh dangerous and scary is that what else for a lot of people is socialism. They sort of fall into this socialist mindset and trap like you say zero sum and that is unfortunately seems to be spreading across the western world. Uh and I think unfortunately is also accelerating because of AI uh where you have a lot of jobs being disrupted. uh that are going to be taken away, low-level entry- levelvel jobs, or for kids coming out of college or university looking for their first job, they they're not able to find jobs anymore because those jobs are being automated by AI. And and I think a lot of people uh sort of feel and see the problem of the fiat money system, but they confuse and blame that failure on capitalism. They don't realize that we have a very flawed capitalist capitalistic system where the foundation of the system is built on like you know it's a swamp. It's built on mud. Uh because the money itself is broken. Um and the what else for a lot of people is let me join a socialist organization. let me campaign uh to create more taxes for everyone because the only way to solve the inequities that come from this broken system is to try to destroy the system. And the problem is the the system of capitalism is a sound system that should benefit everyone, but it's broken in this one key aspect in that the foundation of the system is not solid and we need to fix the foundation of the system. So I do worry that the what else for a lot of people is is pushing them to an ideology which created so much damage in the last century. So much economic damage, so much political damage, uh so much destruction of human life. Um that is that that for me that's what I've seen is the what else for a lot of people who dismiss Bitcoin is they go into that path of pursuing really uh flawed ideologies. Let's say we look back in 50 years from now. Do you think we will see Bitcoin as just a good investment or as the discovery that saved humans and human agency from the brink of total centralization and control by people no better than us? >> That's a very hard one to predict. I I believe that Bitcoin will become the foundation or the monetary base for a new global economy. uh and I believe that because I think it has the comparative advantages that allow it to out compete the other uh candidates for being the world's monetary base and those candidates are US dollar completely political currency uh controlled by the United States and which many nations don't want to be under the hegemony of the United States. Then there's gold, the ancient and venerable money uh which did serve as the monetary base of the world economy for you know hundreds of years uh and and served as money for thousands of years. The problem is gold is not built for a modern world. It's not built for digital commerce. It's not built for transacting with people on the other end of the world. Uh, so I believe Bitcoin will become the foundation for a new monetary standard and will improve all of these incentives that you're talking about that will make the world more prosperous in these small little ways and improve the morality of of people in in in the world uh and encourage investment in themselves and encourage uh the production of more beautiful art, more beautiful music, things that you know we can look back on like you say said the the Renaissance or the Enlightenment and and the quality of say the architecture or the quality of the art. Uh and then we look at modern art and how much the the the quality and standard and morality being projected from it has degraded over time. Uh I think we can look forward to that. The timeline I think is uncertain. I I like to put it out at you know at least 30 to 50 years from now because I think the process of becoming the monetary base is a very uncertain one. And the bigger Bitcoin gets, the more the question becomes a political question, a question of nation states deciding, is this good for the politics of our country? And I think one of the things that's going to be really hard for the United States to do is to abandon the fact that it has the global reserve currency and switch to something like the Bitcoin standard or the Bitcoin standard because the US does have that global hegemony uh of having the reserve currency and that gives the United States a lot of power. So it's it's hard to let go of that that that power. Uh, so I think the path from going from Bitcoin being the world's preeminent store of value, which I think it I think that's much more inevitable, Bitcoin displacing gold as the world's pre-minent store of value. The path from getting there to Bitcoin becoming the world's reserve currency or world's monetary base, that part is still uncertain. What are the politics look like? What are nation states going to do? What are nation states going to do in a world of AI where most things are automated? There are so many big questions that need to be answered in the next, you know, decade or two decades that that path is not completely clear. The thing that is clear to me is Bitcoin has those fundamental properties that make it the best form of money that humans have ever seen. And because of that, there is this underlying strong incentive for it to be adopted. And I think that adoption is going to continue to grow at the grassroots level. And eventually nation states and the leaders of nation states will look at that and say look everyone in our country has Bitcoin maybe we should be using it as the reserves for our nation as well. >> I think that's a a great way to um to wrap up. So uh I'll share that this concludes our three-part series we called there's nothing like Bitcoin. Um and we made it because we believe that understanding this asset is the most important cheat code for our generation's future. And so over these three episodes, VJ and I have traveled from the discovery of absolute scarcity to the inevitable death of gold as a global reserve and finally to the moral imperative of a Bitcoin standard. I think we are the first generation in human history with the tools to peacefully opt out of a rigged financial game. And as VJ also said today, human freedom is very fragile and it must be fought for. So in 2026, I think the fight is won through the choice of what money you use. And so if you enjoyed this series and found it valuable, please subscribe to the channel and share it with others. And uh I want to thank VJ for his time. And I want to thank everyone who's listening and watching for their support. And uh yeah, I hope people find it valuable, man. So thanks a lot. I hope you enjoyed this episode. If you did, you can click here to find more. Just like it and click here to find all Bitcoin for Millennials podcast episodes. Also, if you want to help me shine a light on the message of Bitcoin, please like this video and subscribe to stay connected. I hope to see you for next episode. Bye.