I Hold Zero Cash; They Will Force Banks to Fail Warns Bitcoin King Jack Mallers

"Dedollarization started in '08-'09 because the world realized they don't care," says Jack Mallers, CEO of Zap, a Bitcoin investment and payments company operating over the Lightning Network. In this insightful interview with Daniela Cambone, Mallers shares why he stopped using the U.S. dollar in his daily transactions and switched to Bitcoin in January. "They're lending me a currency that's constantly being debased. So I get to spend that currency without actually having to own it,” says Mallers. He views money as a representation of our time and energy, which can be saved or exchanged. Mallers argues that the global debt to GDP ratio indicates governments have borrowed extensively from our future without growth to repay it, leaving a loss that must be realized somewhere. Tune in to understand Mallers' perspective on the financial future and why Bitcoin is central to his strategy.

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📖 CHAPTERS:
00:00 Gold and bitcoin
4:41 Jack’s thoughts on the Fed
7:06 Banks failure
8:36 Weaker dollar and debt
11:18 Money printing
13:40 Bitcoin price
16:38 Jack’s view on the U.S.
18:10 Jack has zero cash
23:22 Purchasing power diminishing
24:58 Jack’s life before bitcoin
27:00 Bitcoin ETF
29:20 Bitcoin 2.0
30:49 Why not gold for Jack?
36:01 Central banks buying gold
41:18 Bitcoin volatility

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Disclaimer: The views, opinions, and financial recommendations expressed in this video are solely those of the guest and do not necessarily reflect the views of ITM Trading. ITM Trading is not responsible for any financial decisions made based on the content provided in this video.

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