What's Bitcoin's Future? Chat With Nic Carter of CoinMetrics (Ep. 215)

I chat with Nic Carter about the philosophy of Bitcoin, potential risks, and how Bitcoin fits into our ever-changing world. Nic Carter on Twitter: @nic__carter Nic’s Website: https://niccarter.info 🐦 Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Timestamps: 00:00 - Intro 00:43 - Start of interview 1:15 - How Nic got interested in BTC 3:10 - Nic’s background 4:55 - Bitcoinism philosophy 9:10 - Is BTC compatible with gov as the highest authority? 13:00 - Investing in anti-authoritarian tech 17:07 - Are our personal liberties at stake? 19:02 - Are US liberties at risk? 21:40 - The role of tech in government 27:25 - Does the increased power that tech gives individuals force more government control? 31:25 - Does tech create a monster of a government? 33:10 - Tech enabling government to encroach on personal liberties 38:18 - Tech that government deems as a national security threat 46:20 - Why would government think that BTC as not beneficial? 51:03 - BTC vs government power 59:10 - Have personal liberties decreased or increased in past 20 years? 1:01:35 - Have America’s values of personal liberties eroded? 1:03:55 - What’s the long term best case scenario for BTC? 1:11:11 - What’s distressing about the idea of BTC failure? 1:14:25 - Main causes of an asset bubble 1:17:28 - Inequality in society 1:20:39 - Growing divide between rich and poor 1:26:20 - Proof of work system and the compute power of BTC 1:31:27 - Higher transaction fees going forward 1:33:22 - Does valuation help secure BTC? 1:37:24 - Threat to BTC with new emerging tech 1:49:25 - BTC’s competitive advantage vs lack of motivation to continually innovate 1:56:20 - BTC as a protocol 2:00:24 - Can BTC succeed in a world where all assets are liquid? 2:05:45 - Bigger trends of all assets going digital 2:16:20 - Is money inherantly valuable? 2:19:30 - Gold/BTC vs real estate, equities and other asset classes 2:26:44 - Asset backed currency being disrupted 2:32:30 - Conclusion 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. Tesla Referral: http://ts.la/david7556 Videos: Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7 Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768Subscribe to Dave Lee on Investing on Soundwise