“Dedollarization started in ’08-’09 because the world realized they don’t care,” says Jack Mallers, CEO of Zap, a Bitcoin investment and payments company operating over the Lightning Network. In this insightful interview with Daniela Cambone, Mallers shares why he stopped using the U.S. dollar in his daily transactions and switched to Bitcoin in January. “They’re lending me a currency that’s constantly being debased. So I get to spend that currency without actually having to own it,” says Mallers. He views money as a representation of our time and energy, which can be saved or exchanged. Mallers argues that the global debt to GDP ratio indicates governments have borrowed extensively from our future without growth to repay it, leaving a loss that must be realized somewhere. Tune in to understand Mallers’ perspective on the financial future and why Bitcoin is central to his strategy.
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📖 CHAPTERS:
00:00 Gold and bitcoin
4:41 Jack’s thoughts on the Fed
7:06 Banks failure
8:36 Weaker dollar and debt
11:18 Money printing
13:40 Bitcoin price
16:38 Jack’s view on the U.S.
18:10 Jack has zero cash
23:22 Purchasing power diminishing
24:58 Jack’s life before bitcoin
27:00 Bitcoin ETF
29:20 Bitcoin 2.0
30:49 Why not gold for Jack?
36:01 Central banks buying gold
41:18 Bitcoin volatility
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📞Learn how to secure your retirement from market crashes, inflation, de-dollarization, and other hidden threats that could jeopardize your future plans. Schedule your FREE strategy session today. https://calendly.com/itmtrading/500 or call 866-706-9061
Looking back a year now, what a brilliant interview.
Bitcoin sounds great but gold is great, owning just bitcoin is stupid here today gone tomorrow, you have no idea of the future if you did bitcoin could be great but we can’t see the future. Also you can not guarantee bitcoin you are talking silly. I hope bitcoin doesn’t collapse but it could tomorrow so what happens to your kids then. You have all the answers but your not educated enough to understand a more than one object could lose you the lot tomorrow, so what then. Your kids would need a job.
Jacks brain is running running on all cylinders. I enjoy listening to him regardless if I own Bitcoin.
Way cool guy!
Can Bitcoin scale for global trade? Is it a currency that is practical? Are central banks backing reserves with Bitcoin? Are brics nations backing their trades with the b? Can banksters control the world with b? Does most of the world have electricity?
So since the end of World War II in the agreements made in the dark at Bretton Woods, we’ve been living under a Ponzi scheme always destined to fail that was known when it was created about the haves, taking from the have Nots keep paying your fair share America
they couldn't pay me to buy Crypto, all type no substance….digital air goodbye….to this jerk
Remember that Strike is both KYC and you cant back up the wallet with your own seed phrase and therefore you do not own the btc you have in there and it can be 'turned off' by Strike if they decide to. Not centralized and very much govt can trace the BTC in there to your identity as its KYC. Jack's company is part saviour and part prison manager for money.
Jack: to say bitcoin is better than gold is absolutely ludicrous. Gold's been around 6000yrs. Bitcoin 15 yrs. The only value bitcoin has to it is people buy bitcoin. Maybe in the future bitcoin will be worth alot, but today…….no! The infrastructure for bitcoin has to get bigger and stronger before it is utilized better and has unlimited value.bitcoin WILL NOT replace money OR gold until it's infrastructure is built better…..stronger.
18:15 – ummmm…. no? just ignoring the capital gains taxes eating away every time you spend?
What happens if the dollar some how recovers and gets the public confidence back? …at that point what happens to BTC and Gold?.
Very good questions !!!
Why are all his shelves empty?
I don't think Jack truly understands, " I would let the banks fail." It does not stop there. If you look at the late 1920's rolling into the early 1930's, the people who viewed the world like Jack were in charge, and everything almost collapsed. Google Jesse Jones and you will get a better understanding. The "real loss" will be paid, but over time.
This guy is super cool
I've certainly always agreed with him that although I can now afford several, I would NEVER expend that much of my time and energy to buy a yellow car that goes very fast.
NO bcoin for me…
How could he pay all of his bills if he holds zero cash currently? I mean, crypto has not yet made its way into all aspects of our society. I'm not saying it will not someday achieve that, but you would surely need some cash to pay for some goods and services right? I am an advocate for crypto, but I have not dumped all my money into crytpo. The goal is to hold enough crytpo to get ahead of the future is the message im getting from this video?
Wow!!!!
The inflation for Bit-Coin is in fees. Fees that will expand exponentially.
I back G and B.
Also Bitcoin relies on internet, Power generation ummmmm
How do international people join STRIVE/Strike.