TCB Short - Can Bitcoin Become Worthless?

About this episode

The episode explores whether Bitcoin can become worthless by examining historical instances of currency devaluation.

Today we answer the question: Can Bitcoin Become Worthless? We examine whether Bitcoin can become worthless, defining worthless as when no one subjectively sees value in something. We argue that historically money becomes worthless mainly through uncontrolled supply expansion and inflation—citing Weimar, Zimbabwe, Venezuela, and noting the U.S. dollar has lost 97% of its purchasing power since 1913 alongside roughly 1000x money-supply growth. Bitcoin was designed to remove this failure mode ...

People in this episode

Host: @TCBcoin

Topics covered

• Bitcoin
• value
• inflation
• money supply
• historical examples

Keywords

• Bitcoin
• worthless
• inflation
• money supply
• historical currency

Mentioned in this episode

Organizations: Weimar, Zimbabwe, Venezuela, U.S. dollar

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