Part 5/14:
He explains that Bitcoin offers resilience: individuals and businesses can hold Bitcoin outside the traditional banking system, reducing exposure to failures or restrictions. For example, in the Silicon Valley Bank shutdown, many firms faced immediate concerns about making payroll. Transitioning funds into Bitcoin could have provided a more stable alternative.
Parker underscores that Bitcoin acts as insurance—both at the individual and business level—against the systemic fragility of the fiat monetary and payment systems. He advocates for establishing redundancy: multiple financial rails, including Bitcoin, to ensure continuous operation regardless of traditional system failures.