Bitcoin Will Act as Shadow Central Bank, Fiat Collapse Could Be Overnight – Bill Barhydt

In 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

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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

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