Part 2/5:
As the speaker points out, the traditional view of the US dollar as a "risk-free asset" is being challenged. Corporate CFOs are starting to see the dollar as a liability rather than an asset, as the ongoing devaluation of fiat currencies becomes more apparent. Similarly, the risks associated with holding bonds, such as duration risk and the potential for real losses due to inflation, are becoming more widely understood.
The speaker suggests that Bitcoiners may be ahead of the curve in recognizing these risks. They see Bitcoin as an asset that is free from counterparty risk, duration risk, and the concerns about cash flows or management teams that come with traditional investments. Bitcoin's fixed supply and unchanging nature make it a unique and compelling alternative in an ever-changing world.
The Shift in Narrative
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