What is "Money": A Deep Dive into Crypto and Bitcoin with Owen Flewelling

In my interview with Owen, we explored Bitcoin and cryptocurrency, driven by my long-standing curiosity and regret for not investing earlier when Bitcoin was pennies—now over $100,000. Owen explained crypto as digital assets traded peer-to-peer on blockchains, secured by cryptography, with Bitcoin standing out due to its first-mover advantage, fixed 21-million-coin supply, and decentralized, open-source nature that prevents backdoors or control. He contrasted Bitcoin’s “hard money” traits—scarcity, durability, and permissionless transactions—with fiat’s inflationary “soft money,” advocating for its potential as a global currency or fiat backing, akin to the internet’s early days with untapped future layers.We discussed Bitcoin’s volatility, driven by four-year halving cycles and global free-market trading, yet stabilizing with adoption. Its security lies in seed phrases enabling access anywhere, empowering self-sovereignty but requiring responsibility, unlike fiat’s third-party reliance. Owen dismissed most altcoins for their centralization, recommended “The Bitcoin Standard” for education, and shared a veteran advisor’s view: a 5% portfolio allocation to Bitcoin (bought at $26,000 in 2023) is a prudent long-term bet, with potential 10X growth to $1 million, fueled by regulatory acceptance and institutional interest, though its volatility demands caution and only investing what one can lose.Leave a Like and Subscribe if you enjoyed! Subscribe! - https://bit.ly/SubscribeToHomegrownWatch Homegrown Season 1 Now! https://www.homegrownshow.ca/comingsoonJoin Patreon!https://www.patreon.com/homegrownshow↓↓ See more ↓↓https://instagram.com/homegrownshowhttps://www.tiktok.com/@homegrownshowhttps://www.facebook.com/cummingsbenjhttps://www.patreon.com/homegrownshowSupport Us At: http://homegrownshow.ca/