#9: What is Bitcoin? w/ Tyler and Cameron Winklevoss

The biggest investors still really aren't into Bitcoin. So, in baseball terms, it's sort of like the bottom of the first inning in terms of the Bitcoin story. And if it really is gold 2.0, then its market cap has to be greater than gold's, and right now the above-ground gold supply market cap is $9 trillion. Bitcoin is somewhere around $200 billion ... Bitcoin could appreciate 40-45x.

The way to think about Bitcoin is it's very similar to gold. It's considered gold 2.0 because it has the same properties that make gold [valuable], but it's actually superior than gold with those properties. So, gold is a scarce and precious metal; Bitcoin's supply is actually fixed and will always be fixed.

Bitcoin's just the starting point, but crypto is here to stay. It's the future; it's a movement; it's a technology; but it's also a philosophy of the way the world is going towards decentralization.

Bitcoin is the only asset in the entire galaxy that has a fixed supply that's never getting larger than 21 million. That's why we think it's so interesting.

You definitely don't make generational wealth by playing it too safe.

We kind of joke that the dollar is becoming toilet paper because they're printing so much, and the US government is going into so much debt, and inflation is going to happen.