Bitcoin’s Role in a New Financial System

Published on
June 25th, 2019
Duration
7 minutes

Bitcoin’s Role in a New Financial System

The Creators of Crypto ·
Featuring Barry Silbert and Raoul Pal

Published on: June 25th, 2019 • Duration: 7 minutes

Barry Silbert, founder and CEO of Digital Currency Group, and Raoul Pal, CEO and co-founder of Real Vision, discuss the future of Bitcoin, its role in a new financial system that’s being built right now, and its potential to replace gold. Silbert argues the combination of speculation and the next recession will be a trigger for Bitcoin’s popular acceptance. This clip is excerpted from a video published on Real Vision on June 17, 2019 entitled “Top Crypto Investor Looks Forward.”

Comments

Transcript

  • FS
    Fagundes S.
    13 October 2019 @ 23:18
    The horse had its role for thousands of years. But technology can change everything. BTC is the automobile. The days of this horse as a store of value are gone - might take two more decades, but the Bitcoin network effect is getting stronger. I truly do not see how BTC will not absob a huge % of the gold market cap. It's an impossibility. If you disagree, you do not understand BTC yet.
  • AG
    Alexander G.
    8 August 2019 @ 16:08
    I would love to hear more of this type of discussion
  • AP
    Anthony P.
    17 July 2019 @ 14:31
    "Gold is never going to have more utility" seems like a foolhardy claim to make
  • TR
    Thomas R.
    28 June 2019 @ 22:26
    From my perspective, the hurdle Bitcoin (or other Crypto-currencies) must get over, is the track-ability of transactions from a Sovereign Gov't taxation perspective (appreciating the whole context of taxation appears to be under its own potential evolution with the advent of modern monetary theory over the next few decades - but that's a different discussion). The guest's point that the Bitcoin market is only a $125B market, it hasn’t yet had to deal with this hurdle. To the guest's point, the market just isn't big enough. I’d love for Real Vision to come up with a guest with expertise and perspective in this area to offer comments. The promoted anonymous feature of Bitcoin may in fact be where it’s evolutionary path to adoption as a “new financial system” must occur.