Just a Taste: Bitcoin 101 with Sarah Wiesner

“The swarm is headed towards us” – Satoshi Nakamoto, when WikiLeaks started accepting Bitcoin donations

By Catherine Austin Fitts

This week on the Solari Report, join me for a fascinating conversation with Sarah Wiesner of Bitcoin Embassy TLV.

Interest in bitcoin is growing. One reason is the price. Bitcoin prices are rising with the market now approaching a market capitalization of approximately $25 billion - almost five times greater than the next largest cryptocurrency.

Another reason is government policies. With central banks and governments engaged in liberal monetary and fiscal policies, involving both debasement of sovereign currencies and encouraging the creation of paper gold and silver investment vehicles, a stateless currency that is self limiting in issuance appeals to investors weary of inflation and market intervention.

However, the Bitcoin market is tiny in financial market standards - we are still at the early stages of the development of this and other cryptocurrencies. At a market capitalization of approximately $34 billion, the entire cryptocurrency market is approximately one third of the market capitalization of Starbucks. However, if the SEC approves the first Bitcoin ETF capital flow will accelerate.

Whatever happens next, digital currency volumes are likely to grow supported by communities passionate about decentralization and financial privacy. According to research produced by Cambridge University in 2017, there are between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet, most of them using bitcoin.

The $64,000 question is whether or not a trustworthy digital currency can operate on a digital infrastructure and platforms that lack integrity, controlled ultimately by the leadership promoting a global war on cash.

Listen to the full interview at solari.com