Saifedean Ammous is an economist and the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, which has been translated into 20 languages. In this episode, he discusses:
the basic tenets of Austrian economics and why it is the only school where Bitcoin is possible
historical examples of currencies and how they lost their monetary value
the stock-to-flow model and how Bitcoin fits into that model
the three functions, or descriptive properties, of money and why Bitcoin fulfills these functions
the concept of sound money
the idea of time preference in economics and why he believes it is so important
the distinction between debt and money, and why they are not the same
the significance of difficulty adjustment and why he believes it is the crowning achievement of Bitcoin
why he views Bitcoin as the best store of value humanity has ever invented
the metrics he watches when assessing Bitcoin
what he thinks is in store for Bitcoin in the future, and whether he still thinks central banks will buy Bitcoin as a reserve currency
his thoughts on Ethereum and other digital currencies
and his predictions for Bitcoin in the next year

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Episode links:
Saifedean Ammous: https://twitter.com/saifedean
Saifedean’s website: https://saifedean.com

The Bitcoin Standard: https://saifedean.com/book/

Invest Like the Best episode with Saifedean: http://investorfieldguide.com/ammous/

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