Part 13/16:
He raised the possibility of a “digital reserve currency” of the future, which could potentially replace reliance on the dollar. Countries like China are actively investing in alternatives such as the digital version of the Renminbi, attempting to challenge dollar dominance. Governments holding significant Bitcoin reserves are seen as potential hedge against fiat collapse.
The Moral and Structural Dilemma of Government Spending
Throughout the conversation, a recurring theme was the flawed incentives within political systems. Politicians prioritize short-term gains to secure reelection, often passing burdens onto future administrations, rather than tackling long-term fiscal sustainability.