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Avik Roy is an Editor at Forbes and the President of The Foundation for Research on Equal Opportunity. In his recent article "Bitcoin and the U.S. Fiscal Reckoning" Avok writes "It's becoming clear that Bitcoin is not merely a passing fad, but a significant innovation with potentially serious implications for the future of investment and global finance. To understand those implications, we must first examine the recent history of the primary instrument that bitcoin was invented to challenge: the American dollar.

Toward the end of World War II, in an agreement hashed out by 44 Allied countries in Bretton Woods, New Hampshire, the value of the U.S. dollar was formally fixed to 1/35th of the price of an ounce of gold. Other countries' currencies, such as the British pound and the French franc, were in turn pegged to the dollar, making the dollar the world's official reserve currency."

Read Avik's article here: https://www.nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning

SPEAKER

Avik Roy

President

The Foundation for Research on Equal Opportunity

FULL BIO

MODERATOR

CHAPTERS

0:00 – Intro & background

9:30 – Healthcare and entitlement spending

13:40 – Bitcoin and the U.S. fiscal reckoning

24:58 – Bretton Woods

30:42 – Bitcoin’s impact on the dollar

37:08 – Regulating crypto and fiscal responsibility

46:47 – FREOPP’s mission

TRANSCRIPT

Rev.com