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Guest profile
Jimmy Song
Bitcoin Developer & Entrepreneur
Jimmy Song is an early Bitcoin developer and investor who has authored books including Programming Bitcoin and The Little Bitcoin Book. He hosts seminars globally teaching about Bitcoin's technology.
1Interview
2020First on the show
Jan 2020Latest appearance
18 minOn camera
17:47
Latest interview · Jan 29, 2020Jimmy Song on Bitcoin as money and store of valueWatch the episode →
In their own words
“I believe that there will be only one real currency and that's gonna be Bitcoin. Network effects are there, it's become the shelling point of the currency space.”
Key points from the latest interview
- Bitcoin's decentralized nature without central bank management causes natural market volatility, unlike government-managed currencies that maintain artificial stability through pegging mechanisms.
- All cryptocurrencies compete primarily as money and stores of value despite marketing narratives about alternative use cases, with network effects positioning Bitcoin as the dominant currency.
- US dollar monetary expansion has increased approximately 51 times since 1959, resulting in real inflation rates around six to seven percent annually, making Bitcoin an accessible alternative store of value.
- Most altcoins lack genuine users outside token holders and rely on marketing to maintain value, with projects like Augur showing only forty daily users despite significant pre-sale funding.
- Bitcoin's volatility is expected to decrease as adoption increases, similar to how established currencies stabilize, making it a fairer investment option than requiring insider access to hedge funds.