Chief Executive Officer of Kingdom Trust Assets of more than $ 13 billion, Ryan Radloff sees Bitcoin (BTC) as a manifestation of the Austrian economy.
In an interview with Cointelegraph, Radloff said he first learned about Bitcoin in late 2011. and added that he started to “accumulate and invest shortly thereafter”.
Bitcoin in the Austrian economy
Unlike many previous users, Radloff stated this It wasn’t Bitcoin’s technology that pulled him into the crypto world. but the economic principles involved in the emerging cryptocurrency.
“For me, what led me to Bitcoin was not technology … I studied monetary policy, especially the Japanese yen. When I started to really understand how money works, the amount of money in Bitcoin and quantitative tightening, that’s all Year through: That was more my “Eureka” moment than the element of blockchain technology, ”he said.
“Of course I love the technology side and find it incredibly innovative, but what I love are these ‘hardening’ elements: it is really a discussion between the Austrian and Keynesian economy,” added Radloff.
Bitcoin reopens Austrian economic discourse
Radloff says, “His goal in life is not just to move forward, but to do it The Austrian economy is more accessible and understandable for Generation Y and Generation Z. “
When you are our age, we already know that “money printing sounds like ‘brrr’, that’s all. We’ve been printing cash since we were born and nobody really questioned it.” But we look at past generations […] and it used to be that way. “
“The idea of a gold standard and the basis for our economy and our market is something that Many people have no contact at our age. And Bitcoin is now reopening this dialogue. “”
“Bitcoin is the digital manifestation of the Austrian economy”, Radloff closed.
Does Bitcoin replace gold?
Radloff argued that too Bitcoin is becoming a digital replacement of the money benefits traditionally offered by gold in the following words:
“In the digital age [Bitcoin] it takes on the role gold has played for thousands of years. Therefore, economists on the Austrian side and people who invest in gold must be enthusiastic about Bitcoin and its success. “
Radloff noted that the Kingdom Trust’s decision to Introduction of custody services for Bitcoin This was in response to the demand from the gold owner, whose interest in crypto assets increased from 2014.
The Kingdom Trust recently announced the creation of a pension fund that supports cryptocurrencies, among other things.