Part 4/14:
By focusing on integrating Fiat alongside Bitcoin, Parker envisions a seamless experience that doesn't require businesses or customers to juggle different payment methods. This integration makes Bitcoin more practical for everyday use—something that has gained momentum especially after the banking system’s recent struggles.
The Fragility of Traditional Banking and Why Bitcoin Is a Form of Insurance
The recent failures of banks like Silicon Valley Bank serve as a stark reminder of the vulnerability of fiat financial infrastructure. Parker shares how the swift collapse of such institutions illustrates the risks of "counterparty risk"—where your savings are as fragile as the institutions managing them.