In this week’s episode of Bitcoin Bottom Line, hosts C.J. Wilson and Josh Olszewicz are joined by special guest Mike Hobart. He is an author of Bitcoin Magazine, a seed oil disrespecter, and a former United States military member. Wilson, Olszewicz, and Hobart open the episode by talking about what is currently happening in the investing space. Olszewicz states that there is currently no good news, and we are seeing how rate hikes are not working effectively.
Wilson has observed people starting to question inflation and interest rates while seeing that there is a person responsible for them. He believes the solution is the Bitcoin mantra “no rulers, just rules.” Hobart remarks that energy companies have the potential to have a significant impact on the acceptance of Bitcoin as well. “I believe that we will get a lot closer after energy companies like Exon, Chevron, and ConocoPhillips become vocal about how they are using Bitcoin mining to help with their production numbers and revenue. I have noticed that everyone wants to treat Bitcoin like a stock and equity or as a heavy rock like gold. It is both of these things and neither at the same time. The more information that is put out about Bitcoin, the more understanding people will have, and the adoption rate will begin to grow even more exponentially.”
Hobart closes the episode by sharing the threat medical debt has to our economy. “With the rest of the macroeconomic situation, the whole market is looking at housing because of 2008, oil, energy, and gas because of Ukraine, as well as supply and shipping rates due to covid. I think the markets are going to have the black swan come from the health sector. In regard to diabetes, ten percent of the population has diabetes, and ninety-seven million people are prediabetic. About forty percent of the population is or will be taking insulin. This does not account for all of the other metabolic diseases prevalent in society. There are trillions of dollars worth of medical debt in the United States, and nobody is talking about how this debt is going to affect the economy.”
Listen to the full episode for more!