Bitcoin Solving Global Problem That Triggers Chaos and Fiat Currency Expansion, Says Preston Pysh
Investor and venture capitalist Preston Pysh said Bitcoin (BTC) is the key to solving a problem that destroys modern economies.
In a new YouTube interview with Natalie Brunell, Pysh said the global financial system was an introduction because it allowed governments to issue money without a “global peg,” or a trusted owner guarantee its value.
Pysh argues that Bitcoin is the only owner capable of addressing the root cause of money losses and repeated melting markets.
“The problem in the world is that there is no global peg. There is no global peg that can be trusted. That's the real problem. That's why Fiat continues to expand. That's why you got these fun values because no one can print more money and then continue to explode and create chaos because no one can trust the basic basic unit.
So no peg. That's what Bitcoin solved. “
Pysh also believes that Bitcoin's main function is to serve as a value store, with its use as a second-like medium.
“How in the world all these governments will come to a collective consensus that they can trust each other when it's all racing to deebase their money? No solution.
People tell me, 'Oh, it will be the IMF and [its] Special drawing rights and all this other thing, 'that all needs trust. And I was like, 'I don't think so. I didn't think it would be solved. '
And so I see Bitcoin like, 'Finally, here's something that really solves the massive, big engineering problem …
I think you need to have a value store, and it should continue to appreciate the value because the value store properties before people want to make commerce and day -to -day payments, and it's considered cash. “
At the time of writing, Bitcoin traded $ 95,956.
https://www.youtube.com/watch?v=5KLGTXPodd4
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