Hosted By
We may have just seen the beginnings of central banks entering the Bitcoin game theory. The game is about to get real.
Bitcoin has suddenly broken onto the political stage with the announcement that the Iranian Central Bank is officially purchasing Bitcoin from its licensed miners in order to use it to increase imports and get around the destructive US sanctions. Don't miss this Guy's take where we dig into this major development and exactly what it could mean.
Now is the time to hold your own keys! Get a hardware wallet, look into multisig, and get yourself a non-custodial mobile wallet. Our sponsor has a great one to check out, that's Hexa Wallet! A huge thanks to them for supporting Bitcoin Audible and keeping this show bringing the best in Bitcoin to your ears. Check them out at Hexawallet.io
Links to a few articles discussing this development:
https://elexonic.com/2020/10/30/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank/
https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports
"The market of bitcoin holders will ultimately expand to be larger than the size of any single country, and direct exchange will be possible...
“General Motors, Ford, AT&T and GE have cumulative debt that is larger than the entire HY market. Downgrades of any one of these names...
“They just freelanced it,” is how one former employee characterized the decision. “Hacking was the excuse, but within a few hours, pretty much everyone...
