The Great Inflation Escape: Where Bitcoin Fits In the New Monetary Order [Money Reimagined Pt. 3]

<p><span style="font-weight: 400;">Niall Ferguson has called this moment an “age of experimentation” when it comes to currencies.</span></p> <p><span style="font-weight: 400;">One of the unique features of this moment is the experiments are not limited to the traditional actors. It is not just nation-states trying to elevate their currencies in the face of the global dominance of the dollar, but non-sovereign monies born of decentralized networks that are plausible contenders in this game of currency thrones. </span></p> <p><span style="font-weight: 400;">Bitcoin was a byproduct of the last financial crisis. This connection was immortalized in the message embedded in the genesis block: “Jan 03/2009 Chancellor on the brink of a second bailout for banks.” </span></p> <p><span style="font-weight: 400;">More than a decade on, in our new financial crisis, the size, scale and implications of that bank bailout seem positively quaint in comparison. </span></p> <p><span style="font-weight: 400;">This episode looks at where</span> <a href= "https://www.coindesk.com/price/bitcoin"><span style= "font-weight: 400;">bitcoin</span></a> <span style= "font-weight: 400;">and other permissionless, non-state cryptocurrencies fit in the battle for the future of money. </span></p> <p><span style="font-weight: 400;">It starts with a look at the bitcoin narrative in the wake of the market crash. With the most significant stock market correlation of its life, did bitcoin’s digital gold narrative evaporate alongside the S&P 500?</span></p> <p><span style="font-weight: 400;">From there, we move to an asset that has been massively in demand since the beginning of the crisis: USD stablecoins. We explore whether this is simply an affirmation of the supremacy of the dollar or represents a more disruptive force in the global monetary order.</span></p> <p><span style="font-weight: 400;">We conclude with a look at the relevance of bitcoin on the other side of the crisis. As the market moves from deflationary to inflationary, there are many who wi