Bitcoin Will Redefine the Global Monetary System | Michael Goldstein | BFM103

Michael Goldstein, known as @bitstein, is a prominent Bitcoin advocate and educator. As co-founder and president of the Satoshi Nakamoto Institute, he has played a crucial role in preserving and disseminating Bitcoin's foundational principles. Michael’s work reflects a deep commitment to Austrian economics and Bitcoin's potential to revolutionize the world.

› Follow Michael on https://x.com/bitstein

› SNI: https://nakamotoinstitute.org

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🕑 TIMESTAMPS

00:00 - Introduction and Gratitude 01:30 - Understanding Bitcoin's Value Proposition 04:06 - Bitcoin vs. Fiat Money: A Comparison 08:27 - The Digital Nature of Bitcoin vs. Gold 11:49 - Security and Storage: Bitcoin's Advantages 16:34 - The Narrative Battle: Bitcoin vs. Traditional Economics 20:08 - Austrian Economics and Its Influence on Bitcoin 24:26 - The Role of Money in Economic Behavior 28:56 - Speculation and Risk in Bitcoin 33:39 - The Importance of Humility in Bitcoin 36:50 - Lessons from Bitcoin's History 41:25 - The Future of Bitcoin: Excitement and Expectations 45:06 - Core Beliefs and Non-Negotiables