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Gary Gensler Wants to End Crypto but Support Bitcoin | EP 684

Simply Bitcoin

00:00

Bitcoin Is Getting More Money, but I'm Buying Less Stuff

I think people are going to lose trust when they realize, wait a second, I'm making more money, but I'm buying less stuff. And that's what I've been hearing from people. People are willing to listen or open the hearing about inflation. Some of them even know about it. This is not the same inflation that we had in the 1970s because we have a much larger debt. So that larger debt with those larger rates that needs to be rolled over creates even more currency units.

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