Why Bitcoin Could Hit $150,000 Soon. Plus ‘Code Is Law’ Film - Ep. 931
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Hi everyone. Today's episode is a special two parter. First, I'm joined by Lawrence Lapard, a longtime sound money advocate, gold investor, and the author of The Big Print. We talk about why he believes the current monetary system is headed toward a breaking point, why Bitcoin could be the fastest horse in a currency crisis, and how he sees gold, stocks, and the dollar fitting into that bigger picture. Then in part two, filmmaker James Craig joins me to discuss his new documentary Code is Law, which looks at some of crypto's most infamous hacks from the Dow to indexed finance, Kiberswap and Ma
Hey, Laura. Welcome. Nice
I'm to see I'm excited to chat with you. So for the those in the audience who may not know you, you are an investment manager and at Equity Management Associates, and you're also the author of The Big Print.
I am. Sound money advocate for many, many years.
Yeah. So I really enjoyed reading your book. You know, as I mentioned, you wrote this book called The Big Print, which was published earlier this year. And you recently went viral for a tweet in which you told gold proponent Alastair MacLeod, you stupid fucking fossil, in response to comments that he made that Bitcoin is run by shysters, crooks, and Ponzi schemers. So before we get into the details around, you know, all your views and everything, why don't you just tell people how you became interested in Bitcoin in the first place?
Yeah, sure. By the way, that tweet, I kind of regret that tweet. He triggered me. But there's there's one thing I get triggered by. It's it's questioning my honor. And when he said we're, you know, we're all shysters and Ponzi schemers, and I've known Alistair for a long time. He's been a big gold guy. And I was just like, I'd had enough. You know, it was just like, come on, man. Get you know, wake up. I mean, you can say you don't like Bitcoin. That's fine. But, you know, this is a legitimate asset class and he, if anybody, should know that. But I got into Bitcoin a long time ago. I came to i
Yeah. I find that usually people who do that are people who are financially privileged and don't know how financially privileged they are. And I found it interesting in your book where you talked about some personal experiences that your family had, and I realized, oh, this is why he was able to kind of understand the promise of Bitcoin early. So can you tell those stories?
Sure. Well, there were a lot of them. As I grew to understand Austrian economics, I mean, my grandfather had a business in Michigan in the 1920s that over expanded using debt because the bubble that led to the Great Depression was being blown and the Federal Reserve blew that bubble, as we all know. And then when the Depression hit, you know, he spent the next ten years begging the bank not to foreclose on them and it really scarred my grandmother. My father had the same business in nineteen seventy nine-eighty and Volcker took interest rates at 20%, nearly put my father out of business. Know,
Yeah. I thought your book was very well argued. I mean, you know, you go through a lot of history, And it's interesting because I feel like even if maybe I'd read it like a year or two ago, I might not have really understood it. But more that I've experienced in my life, the more I am starting to see, like, all the things that you're talking about, about how a few people who have control design things in a way that benefits them staying in control. Exactly. And this theme. Yeah. Like, it's it's something that actually you see in many areas of life. It's not just around central banking or money
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