Bitcoin's Next Peak Is Further Away Than You Think. Here's Why | Saifedean Ammous

Saifedean Ammous, author of The Bitcoin Standard, joins Scott Melker on a hot 3.7% CPI print, why he thinks inflation statistics are rigged, and why Bitcoin's next peak may be further away than you think. Saifedean explains why the 2% inflation target and the CPI basket are flawed, why he isn't worried about quantum computing breaking Bitcoin, and why he has soured on Bitcoin-specific hardware wallets in favor of generic offline devices and multisig. They also cover Bitcoin, crime and bank fines, rising 10-year yields and devaluation, how Bitcoin frees savers from being part-time fund managers, Saylor and Strategy's financial products, and drawdowns and diminishing returns. In this episode:00:00 Intro: why Bitcoin's next peak may be further away01:00 Hot CPI, the 2% target and why the CPI basket understates inflation08:00 Is quantum computing a real threat to Bitcoin?13:00 Ledger and the case against Bitcoin-specific hardware wallets19:00 Self-custody for regular people: ETFs, laptops and multisig23:00 Bitcoin, crime and bank fines28:00 Rising yields, fiscal trouble and devaluation32:00 Bitcoin and the end of the part-time hedge fund manager36:00 Strategy, Strive and Bitcoin financialization41:00 Drawdowns, diminishing returns and the next peak Saifedean Ammous on X: https://x.com/saifedeanSaifedean's website: https://saifedean.com Watch this episode on YouTube: https://www.youtube.com/watch?v=yYklTYr0Hik If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ Learn more about your ad choices. Visit megaphone.fm/adchoices