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Bitcoin Will Act as Shadow Central Bank, Fiat Collapse Could Be Overnight – Bill Barhydt
Kitco NEWSIn an eye-opening interview at Consensus 2024 in Austin, Texas, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, speaks with Bill Barhydt, Founder and CEO of Abra. Barhydt forecasts that Bitcoin will emerge as the shadow central bank as the fiat system unravels. He predicts that more sovereign nations and companies will start holding Bitcoin as a reserve asset, warning that 50-75 non-U.S.-dollar-backed or non-euro-backed currencies are at risk of failing within the next 25 years. Describing international currencies as a "ticking time bomb," Barhydt cautions that the collapse of the fiat system could occur overnight. Tune in for Barhydt’s insights on the transformative role of Bitcoin and the future of global currencies. Special coverage of Consensus is brought to you by Diamond Standard → https://bit.ly/DiamondStandardKitco Follow Michelle Makori on X: @MichelleMakori (https://x.com/MichelleMakori) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Bill Barhydt on X: @billbarX (https://x.com/billbarx) 00:00 Coming Up 00:44 Intro: Roles of Bitcoin, Ethereum & Solana in the Future of Finance 02:18 Bitcoin 08:42 Adoption 12:39 Bitcoin and the Future of Global Currencies 27:46 Public Companies & Bitcoin Holdings 31:11 Sovereign Nations and Bitcoin 32:04 Currency Failures 38:40 Stablecoins 41:34 Ether & Tokenization of Traditional Finance 47:31 Solana & Retail Transactions 56:46 Abra’s Role in the Crypto Market __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com Stay connected: Twitter - https://twitter.com/kitconewsnow Instagram - https://www.instagram.com/kitconews Facebook - https://www.facebook.com/KitcoNews LinkedIn - https://www.linkedin.com/company/kitconews StockTwits - https://stocktwits.com/kitconews Live gold price and chart: https://www.kitco.com/gold-price-today-usa/ Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/ Live crypto market data: https://www.kitco.com/price/crypto/ Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.399 views 3 comments