Apr 29, 2024

Off the Chain Capital CEO Brian Dixon discusses the impact of ongoing wars around the world on bitcoin and fiat currencies.

Video transcript

There's a lot of people in the Bitcoin community that are long term holders of the asset that have really bought into this long term store of value with Bitcoin. And there's a much smaller percentage in my opinion, that view Bitcoin as a risk on asset. And so that could create that small sliver of investors that want to sell off in a scenario which would create some short term volatility. But I think over time, more people will understand that this is the type of asset that you want to be investing in. And the reason that is is because when a war occurs, what do the central banks around the world start to do? They start printing money like crazy so they can help finance the war and the military contractors and everything that goes involved in trying to progress this conflict, which is really unfortunate, but that's just the way things work. And when that happens, the more the money printers turn on, most people in the crypto community understand that that's going to devalue our currency over time, thereby making an asset such as Bitcoin much more valuable in the future.

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