the caribbean is the founder of bitcoin dot com raj of a thanks so much roger coming on and i m going to tell you that over here in britain as the spike in bitcoin that s bt see numbers have been happening there s been scathing articles written here telling people this is not the future at all are powerful elites terrified of cryptocurrency. the incumbent the incumbents are always scared of the new upstarts that are going to take away market share from them and that s exactly what we re seeing happen with digital currencies all over the world they re threatening deed the status quo in the sense that it s easier faster cheaper more reliable to send or receive payments using crypto currencies than it is with traditional legacy banking systems and so that s that s a threat to the current business model of the traditional financial system but just like the internet was unstoppable and netflix was unstoppable compared to blockbuster and you know the apple i phone camera was unstop
damage the pool for the use of established hedge funds joining me now from st barts in the caribbean is the founder of bitcoin dot com raj of a thanks so much roger coming on i m going to tell you that over here in britain as the spike in bitcoin that s bt see numbers have been happening there s been scathing articles written here telling people this is not the future all are powerful elites terrified of cryptocurrency. the incumbent the incumbents are always scared of the new upstart they re going to take away market share from them and that s exactly what we re seeing happen with digital currencies all over the world they re threatening be the status quo in the sense that it s easier faster cheaper more reliable to send or receive payments using crypto currencies than it is with traditional legacy banking systems and so that s that s a threat to the current business model of the traditional financial system but just like the internet was unstoppable and netflix was on top.
and this truly is the future the invention of digital currencies was the most and one of the most important inventions in the entire history of humankind up there on par with the importance of the invention of the wheel or electricity or the internet that s a really really really big deal and you should ignoring digital currencies today would be like ignoring the internet in you know 1992 or something like that it s still really really early days things are just getting started but this truly is you know it s the 1st time in all of human history which in the human being anywhere on the planet can now send or receive any amount of money with any other human being on the planet and they don t need permission from the bank of england or the federal reserve or any local bank or anybody else to do it it s literally unstoppable peer to peer electronic cash for the entire world and that s a fantastic thing for all of humankind because it increases trade and increases cooperation of
still really really early days things are just getting started but this truly is you know it s the 1st time in all of human history which in the human being anywhere on the planet can now send or receive any amount of money with any other human being on the planet and they don t need permission from the bank of england or the federal reserve or any local bank or anybody else to do it it s literally unstoppable peer to peer electronic cash for the entire world and that s a fantastic thing for all of humankind because it increases trade and increases cooperation of people around the world and anybody that s trying to delay or hinder the adoption of digital currencies is delaying and hindering the progress of humankind so this may have relevance but not a direct connection to the $40000000.00 plus people in the united states who can t eat tonight but as those people who are thinking of investing maybe they have just a few dollars what about how they re always being told it s too
film cameras the same is going to be true with digital currencies the incumbents are going to like it but they re going to keep going more and more people are going to keep using them and it s going to spread to more more people around the world and before you know it everybody will be using digital currencies just like everyone uses their i phones to have kodak to take pictures today while the financial media are far more interested in what funds are doing what stock markets are doing that kind of thing not really talking about the credit codes and all the other elements of the financial architecture now no use crypto. however central bankers must be realizing something what advice would you give to jerome powell at the fed andrew bailey at the bank of england at the european central bank presumably they know what s going on i don t know maybe you think they don t know with what s going on but if they do recognize this renaissance in currency and renaissance and capitalism w