Inflection Point

Supply Shock | How Bitcoin Exposes Money, Power & Human Nature | Tibor Fischer

Feb 17, 2026
Tibor Fischer, novelist and author of the forthcoming My Bags Are Big, uses satire and storytelling to probe Bitcoin and crypto culture. He explores Bitcoin’s ties to Austrian economics and the human motives behind speculation and escape. The conversation contrasts Bitcoin with broader crypto, explains why markets win over narratives, and shows how fiction frames techno-financial life.
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ADVICE

Let Markets Decide Value

  • Expect markets, not narratives, to decide which crypto projects endure.
  • Focus on whether people actually use a product rather than on clever arguments or promises.
INSIGHT

Bitcoin As An Anti-Government Money

  • Bitcoin's core case is an economic one rooted in Austrian economics and limiting government control of money.
  • The 21 million supply cap is presented as the primary protection against state interference and inflation.
INSIGHT

Crypto Is Not One Thing

  • 'Crypto' bundles very different projects under one label, which obscures their distinct purposes and outcomes.
  • Bitcoin, meme coins, and smart-contract chains like Ethereum serve fundamentally different roles and will likely have different futures.
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