Says Preston Pysh, Bitcoin Solving Global Problem Triggering Chaos and Fiat Currency Expansion Calls for Action

Preston Pysh, a venture entrepreneur and investor, claims Bitcoin (BTC) is the solution for a dilemma afflicting contemporary economies.

Pysh claims in a recent YouTube interview with Natalie Brunell that the global financial system is essentially broken as it lets nations print money without a "global peg,," or a reliable asset verifying its worth.

According to Pysh, the only asset able to solve the underlying reason of declining value of money and recurrent market collapse is Bitcoin.

"The world's issue was lacking a universal peg. There was no trustworthy global peg available. That was the really the issue. Fiat continued growing for this reason as well. That's why you got these insane values; they will just print more money and then cause havoc as nobody can trust the fundamental unit underneath.

There was not a peg then. That is what Bitcoin was addressing.

Pysh also argues that Bitcoin's main purpose is a store of wealth; its usage as a cash-like medium comes second.

"How in the world are all these nations going to come to a common understanding that they can trust each other when everyone is rushing to devalue their currency? No one knew of a fix.

People were assuring me, "Oh, it will be the IMF and [its] special drawing rights and all this other stuff," all of which demanded confidence. And I thought, "I do not think so." I do not believe that addresses it.

And so then I see Bitcoin like, "Finally, here's something that actually solves this massive, huge engineering problem..."

Before people are going to want to engage in trade and daily payments and it is handled as cash, I believe you must first have store of value and then continue to increase in value.

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