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BCB071_LUKE GROMEN: You Can’t Print Energy

Blue Collar Bitcoin

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Is Bitcoin Really a Neutral Reserve Asset?

I still think Bitcoin is effectively a neutral reserve asset for the people that is tied to energy via the proof of work. And it's what we're seeing and I think it's been a very good measure of dollar liquidity in that way. The issues, if they get started, they end up doing almost all of it. Once they get going and people know they're getting ripped off, well guess who's buying it all? That's where it gets real sticky.

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