{"id":12307,"date":"2022-03-31T01:10:37","date_gmt":"2022-03-31T01:10:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12307"},"modified":"2022-03-31T01:10:37","modified_gmt":"2022-03-31T01:10:37","slug":"changing-the-us-with-a-bitcoin-standard","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12307","title":{"rendered":"Changing The US With A Bitcoin Standard"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div><!-- tml-version=\"2\" --><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=R5wKYycMICA\" rel=\"noopener\">Watch This Episode On YouTube<\/a><\/p>\n<p><strong>Listen To This Episode:<\/strong><\/p>\n<p>Anthony Scaramucci sits down with the hosts of the \u201cBitcoin Magazine Podcast\u201d to talk about his short time with the U.S. government and the current trajectory of American fiscal and monetary policy. <\/p>\n<aside class=\"m-in-content-ad-row l-inline not-size-b not-size-c not-size-d\" \/>\n<p>Scaramucci is concerned about the way things are going in the U.S. in regards to money printing and he paints a concerning picture if the country doesn\u2019t get back on track with its fiscal policy. \u201cMy last point is on a revolution. I\u2019m hoping that we can resolve these things. I\u2019m optimistic that we can resolve these things without a revolution. However, if we continue on the current course trajectory, if we want to create another 9 trillion dollars of money \u2026 you are going to have a lot of upset people.\u201d Scarmucci doesn\u2019t think commodities will be the telling point for when things get toughest because he thinks the current political trajectories will create a bigger problem than commodities. His solution would be for transformative leaders to slow down the irresponsible monetary policy and be honest with the public about the need to tighten money printing in order to get back on track.<\/p>\n<aside class=\"m-in-content-ad-row l-inline not-size-a not-size-b not-size-c\" \/>\n<aside class=\"m-in-content-ad-row l-inline not-size-a not-size-b not-size-d\" \/>\n<aside class=\"m-in-content-ad-row l-inline not-size-a not-size-c not-size-d\" \/>\n<aside class=\"m-in-content-ad-row l-inline not-size-b not-size-c not-size-d\" \/>\n<p>Surprisingly, Scaramucci thinks that bitcoin is still speculative. He says, \u201cI do not see bitcoin as an inflation hedge or a digital store of value. I do not see that. I see bitcoin still, as an early adoption technical story.\u201d Scaramucci compares Bitcoin as it is now to Amazon when it was 13 years old. Amazon was extremely volatile at that point, but is much less volatile now that it has saturated the market.<\/p>\n<p>One of the things that Scaramucci thinks will bring about greater adoption is the approval of a bitcoin exchange-traded fund (ETF). \u201cAll that regulatory fear and uncertainty and doubt has been blown up by the origination of this cash ETF \u2026 I have to have it in my portfolio to sell to people.\u201d Regardless of how\u00a0<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/culture\/changing-the-us-with-a-bitcoin-standard\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch This Episode On YouTube Listen To This Episode: Anthony Scaramucci sits down with the hosts of the \u201cBitcoin Magazine Podcast\u201d to talk about his short time with the U.S. government and the current trajectory of American fiscal and monetary policy. Scaramucci is concerned about the way things are going in the U.S. in regards [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,2042,1544],"class_list":["post-12307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-changing","tag-standard"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/us.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12307"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12307\/revisions"}],"predecessor-version":[{"id":12309,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12307\/revisions\/12309"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12308"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12307"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}