Bitcoin advocate and Atlanta Bitcoin Embassy CEO, Jeffrey Tucker, recently featured in an Untold Stories podcast to give his take on Bitcoin and the ongoing economic war between the U.S. and China. Speaking about initial adoption, Tucker highlighted that he was looking for an alternative to the national currency “that’s not hackable and that somebody can’t duplicate”.
Furthermore, Tucker mentioned that the primary reason that stands as a barrier to mass adoption is Bitcoin being just math and holds no physical representation. He stated,
While he envisions a financial future which is dominated by Bitcoin, Tucker stressed the fact that ultimately the market will resolve itself in terms of adoption with time, although he warned the viewers to be tolerant of so-called failures. Host Charlie Shrem also added,
“Because we want instant gratification, we allow governments and other major corporations to manipulate and to say to us: We know what’s best. So let us pretend we are more efficient than the (new) markets.”
Tucker also added that there is a “gigantic battle right now between the federal reserve and the large banks over this peer to peer payment technology,” which is similar to what Bitcoin introduced to the financial market. While mentioning that the Federal Reserve intended to deliver its own peer to peer platform by 2024, Tucker claimed, that in such scenarios, he would support the banks instead of the Fed.
Arijit is a full-time journalist at AMBCrypto, who focuses on the XRP and Ethereum ecosystem.