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Podcast: Wealth Formula Podcast
Episode: 256: What You MUST Know about Bitcoin!
Description: Value is a social construct. Things have value because we, as a society, agree that they are valuable. That is the only reason that gold has the value that it does. Yes, it has unique metallic qualities and it is scarce, but there is no intrinsic quality that gives it the value it has in society. We have collectively assigned that value to it. And to be clear, this is not intended to be a knock on gold or gold bugs. I am well aware of the value gold has kept since ancient civilization dating back from the Egyptians to...