Bitcoin Will Redefine the Global Monetary System | Michael Goldstein | BFM103

Michael Goldstein, known as @bitstein, is a prominent Bitcoin advocate and educator. As co-founder and president of the Satoshi Nakamoto Institute, he has played a crucial role in preserving and disseminating Bitcoin's foundational principles. Michael’s work reflects a deep commitment to Austrian economics and Bitcoin's potential to revolutionize the world. › Follow Michael on https://x.com/bitstein › SNI: https://nakamotoinstitute.org SPONSOR 🧘‍♂️ Gain peace of mind with Onramp’s Multi-Institution Custody solution. Receive $250 in Bitcoin when you join via https://bfmlinks.com/onramp PRODUCTS I ENDORSE › Foundation Passport: a premium Bitcoin hardware wallet that I love. Get $10 off: https://foundation.xyz/bram › CRYPTOTAG: The world's strongest seed phrase storage - https://bfmlinks.com/cryptotag › Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram and use code BRAM to reduce fees by 0.5% 🔔 SUBSCRIBE TO GET NOTIFIED › YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠ › Follow Bram on ⁠⁠https://x.com/bramk 🕑 TIMESTAMPS 00:00 - Introduction and Gratitude 01:30 - Understanding Bitcoin's Value Proposition 04:06 - Bitcoin vs. Fiat Money: A Comparison 08:27 - The Digital Nature of Bitcoin vs. Gold 11:49 - Security and Storage: Bitcoin's Advantages 16:34 - The Narrative Battle: Bitcoin vs. Traditional Economics 20:08 - Austrian Economics and Its Influence on Bitcoin 24:26 - The Role of Money in Economic Behavior 28:56 - Speculation and Risk in Bitcoin 33:39 - The Importance of Humility in Bitcoin 36:50 - Lessons from Bitcoin's History 41:25 - The Future of Bitcoin: Excitement and Expectations 45:06 - Core Beliefs and Non-Negotiables