Bitcoin to replace Petrodollar in oil markets - Greg Foss

In a riveting discussion, Greg Foss, Bitcoin Strategist & Partner at Bitcoin Opportunity Fund, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to shed light on the imminent demise of the petrodollar and the transformative potential of Bitcoin in energy markets. Foss reveals his bold vision of a future where oil and all forms of energy are priced in Bitcoin. He explains how Bitcoin acts as a powerful credit default swap on sovereign debt, making it the ultimate investment opportunity with unmatched asymmetry. The duo also explores the surprising role Central Bank Digital Currencies (CBDCs) can play in driving Bitcoin adoption. Tune in to their captivating conversation held at the Bitcoin 2023 conference in Miami.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Greg Foss on Twitter: @FossGregfoss (https://twitter.com/FossGregfoss)

0:00 - Energy will be priced in Bitcoin
10:33 - Bitcoin as CDS against sovereign debt
18:25 - BTC is worth $400,000 per Fulcrum Index
19:04 - Why all fiat is programmed to debase
24:35 - Bonds are the "dumbest investment"
28:21 - Banking crisis
33:11 - CBDCs could spur Bitcoin adoption
37:30 - Bitcoin Opportunity Fund

#bitcoin #oil #cbdc
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