Natalie Brunell is a first generation Polish-American media personality, educator, YouTuber, and podcast host. In 2021, Natalie launched her Coin Stories podcast which features the leading voices in Bitcoin and economics. Her move from investigative reporting to full-time podcasting was born when her desire to learn about our economy turned into pure fascination with cryptocurrency, specifically Bitcoin. In this episode of How To Trade It, Natalie talks about the decline of the USD, and the possibilities that Bitcoin holds for the future, not only for the U.S., but on the global scene as well. You don’t want to miss it! @NatBrunell believes that Bitcoin was invented to decouple money from the state. Join us on this episode of How To Trade It to find out more! #Bitcoin #Cryptocurrency #Economics #JournalisticIntegrity #FinancialLiteracy #HardMoney Click To Tweet

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You’ll want to hear this episode, if you are interested in…

  • [00:22] How Natalie got started
  • [03:14] 1st exposure to Bitcoin, as a news journalist
  • [07:25] The purpose of Bitcoin
  • [08:39] A sad economy
  • [09:17] Our inflationary economic system
  • [11:57] Coin clipping
  • [13:59] When decisions are made short-term
  • [14:36] Scarcity
  • [15:09] Bitcoin in other countries
  • [19:10] El Salvador
  • [21:01] Corruption in Bitcoin
  • [25:36] Is Bitcoin the solution?
  • [28:35] Journalistic integrity
  • [31:40] The lack of social mobility

 

The purpose of Bitcoin

Decisions regarding our money are made by very few people, most of whom are not elected.  They have a lot of power because they can essentially create money.  We have a system of ever-growing money printing, debt, and credit, as the global reserve currency.  This has led to a huge concentration of power and also to an increasing amount of wealth concentration. There’s a bubble starting to unwind in Equities and Real Estate. We’ve seen these business cycles before, but things are getting worse. The average person graduating from school into a normal paying job can’t afford to get a house or acquire an asset.  All the while, the people closest to the money printer benefit the most, and everyone else has to work harder and harder for money that is becoming worth less and less. Bitcoin was invented to decouple money from the state to help eliminate, or at least alleviate, this problem.  

Is Bitcoin the solution?

We have an inflationary economic system coupled with technology, which is creating a deflationary system.  According to author Jeff Booth, these forces don’t work well together long-term.  They lead to wealth concentration and debasement of currencies, and will eventually stop working altogether. When that happens, we will have to pay the piper, so to speak.  But what will it look like?  A huge deflationary bust?  Losing the global reserve currency?  We need a solution!  In Bitcoin, we have some potential.  It is a decentralized monetary technology that no one owns, operates, or governs.  There is no language or country associated with it. It’s literally a monetary protocol that’s operated by all and owned by none.  

Bitcoin in El Salvador

Last year, El Salvador was the first country to announce Bitcoin as legal tender and start to adopt the Bitcoin standard.  This year, a second country, Central African Republic, whose currency has suffered far worse inflation than the U.S., has also adopted Bitcoin as their official currency.  It’s an experiment playing out in real-time, on a global scale!  There are some hurdles ahead for these countries for sure.  At the top of the list is educating the public. In the long run, if Bitcoin survives, there is huge potential, and the likelihood of other larger countries following suit is probable.  One of the greatest things about Bitcoin is that it eliminates some corruption because no one can ever expand the supply of it, or manipulate or control it.  

 

Resources & People Mentioned

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

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