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The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco

Inflection Point

00:00

The Importance of Credit in Cryptocurrencies

Jim Boulden: I think when it comes to crypto, Bitcoin in particular, the correct lens to look at it is a correction to an existing system that is far in breach or in overreach. It's like a real life version of the paperclip pop, right? There's just so much credit that's created. That was invented by the Medellicis in the 15th century. Fractional reserve banking is 400 years old. And maybe we could get about trying to figure out what that better way to do it is.

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