This podcast episode features Max Wright discussing why people should be interested in cryptocurrency, the societal impact of decentralized, censorship-resistant 'sound money', and his bullish outlook for Bitcoin (including high price predictions). The conversation touches on privacy coins (e.g., Monero, Pirate Chain), institutional adoption (countries, pension plans, Fortune 500), and the cultural/educational gaps around money and finance.
Why should someone be interested in cryptocurrency?
You've asked the best question which the savior of humanity and it's just going to bring peace and prosperity to this world.
Man Academy Podcast Max Wright Entrepreneur Investor, Author, YouTuber Two large pizzas to my door.
I'll send them 20,000 Bitcoin no one knows what money is, why money has value, where it came from. All of a sudden their wealth was equal to the kings and queens of Europe. The banker's wealth. Children are learning at schooling and one thing they're definitely not learning is banking, finance and understanding money. Sound money and relatively free markets and a relatively small government will give you the largest middle class the world has ever seen. Incredible gift of a decentralized censorship, sound money and the impact on the world. I can promise you within 50 years, much, much shorter time than that, probably 20 years will be absolutely incredible. There's two competing thoughts. Some people have both of them and talk themselves out of taking action ever. It's like it was also one other thing, censorship resistant. The last half of this year I am expecting to be extremely exciting.
Where do you think it will be? Let's say roughly at the end of the year, like a hundred thousand dollars?
I think it'll, it'll rush up to like $300,000. Countries are doing that, pension plans are doing that, Fortune 500 companies, you name it, they're all doing it. But then when I thought about the money and opportunities that come with being a high level influencer and I thought, ah, the venture, the venture capital opportunities, that's super valuable, this concept of finding.
My tribe opportunities and it's good fun. So I'd wonder if that's part of it as well.
And that is 100% part of it. Thank you for bringing that one up as well.
To talk about privacy coins, you've got monero, pirate chain, etc.
Privacy coins and bitcoin are both going to have their place in the world.
What I found funny when you were working with traders at all the different banks was, you know, it's not their money. So yes, if they fuck up, they might lose their job and their bonus, but ultimately if they're dealing huge amounts of money, things are very different when it's your money.
