news

bitcoin

1 X bitcoin bitcoin =

Wednesday

23 June 2021

Dhruv Bansal On Societal Organization Systems And Bitcoin

Dhruv Bansal On Societal Organization Systems And Bitcoin


smart summary beta

Bansal, and we agreed to sit down here at Bitcoin 2021, where I’ve had the pleasure to finally meet him in person.

First of all, welcome to Bitcoin 2021, and I hope you are enjoying your time here.

I think we’re seeing that with Bitcoin.

But I think Bitcoin can go beyond that: it can teach us how to deal with systems that don’t have any definite state in a given moment in time but that eventually become consistent.

Bansal: That’s an interesting question—and I’m certainly not an economist or anybody you should look to for macroeconomic commentary—but what I’ll mention is that like a lot of Bitcoiners I expected the price to increase in 2021 tremendously?

It feels a little bit silly to say that just because it happened four years ago it's going to happen again, but I have admitted to myself that that's kind of what I believe.

It's so curious to me, believing that the price would increase, to watch things like the COVID pandemic happen, to watch things like money printing go crazy over the last year, and to watch people pay attention to that and connect it to bitcoin.

That, in your words, it's kind of like we’re just going to be going downhill in the next fifty years as Bitcoin takes over every aspect of society and affects it in some meaningful way.

Nevertheless, even water going downhill has to contend with things in its way like obstacles, boulders, whatever you like.

So I think when we see the price retrace by 50%, that affects my business very strongly, it affects so many people here [Bitcoin 2021], and so when I see that happen I kinda think “well, we’re still just rolling down hill, aren’t we?” Like, we’ll be right back at $60,000 in a couple months, we’ll maybe cross $100,000 after that.

Of course I could be wrong and it won’t work out this way, but hopefully it continues to do, on the largest scale, the thing I think it's going to do, which is increase in price tremendously over the next few decades.

You know, the chance to really dig in and have that kind of conversation you can only have in person is what’s so great about conferences in general, and in particular that’s what’s going to be so great about this one for me.

Goto Full Article

bitcoin bitcoin price

$34093.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0.1)

Article Metadata

author

site

bitcoinmagazine.com
Market data feeds provided by cryptocompare.com
bitsmart 2021