Peter Diamandis Says Bitcoin Equals Abundance

Bitcoin Means Abundance And Can Uplift Every Man, Woman And Child In The World, Says Serial Entrepreneur, Technologist, New York Times bestselling author and TED speaker Peter Diamandis in an exclusive interview with Bitcoin Magazine.

“Bitcoin is digitized currency and energy, and it’s going to dematerialize many institutions and demonetize and democratize access to that,” Diamandis said. “We’re going to have regulatory challenges and institutional challenges for some time to come, but there’s a tipping point, how irreversible it is.”

Diamandis explained that historically, exponential breakthroughs in different areas of society have shared a set of characteristics, namely their ability to be deceptive, disruptive and digitized in the first place, which then allows them to demonetize, dematerialize and democratize the old technology in favor of the new. developments.

“Capital is energy, bitcoin is energy, everything is energy,” he added. “It’s about where you put that energy to work, and a big part of my job is to create a better world. I fundamentally believe that the biggest problems in the world are the biggest business opportunities in the world.

Diamandis said he had always been curious about space and space travel, and although he went to Harvard Medical School after graduating from Massachusetts Institute of Technology with degrees in molecular genetics and aeronautics , he dreamed of becoming an astronaut.

However, while in medical school, Diamandis learned through his network at the time that astronauts don’t travel in space as much as he thought. Only half of astronauts travel to space, and of those who do, they can only make spaceflight about twice in their career on average, a discovery that led Diamandis to explore space through from the private sector.

Diamandis founded Zero Gravity Corporation (Zero-G) to give people the ability to experience weightlessness for approximately 25 seconds in a specially modified Boeing 727. In 2007, Diamandis and Zero-Geven flew renowned physicist and world expert on gravity Stephen Hawking to experience first-hand the laws of physics he has spent his life studying.

Diamandis also founded the XPRIZE Foundation, which initially sought to encourage private space exploration by offering a $10 million prize to build a ship with private capital that could carry three adults up to one hundred miles away. altitude, land and be able to repeat the flight with the same vessel within two weeks. In 2004, SpaceShipOne won the XPRIZE, and the technology used in the spacecraft was later licensed by Richard Branson to create Virgin Galactic.

Today, XPRIZE has launched more than $300 million in global competitions to tackle humanity’s greatest challenges: from partnering with Elon Musk to launching a $100 million prize to fight climate change through the removal of gigatons of carbon, longevity, and the creation of a $100 million prize focused on age reversal. .

“There are two, maybe three natural connections to Bitcoin,” Diamandis said, referring to his current search for developments in health and science that could extend human lifespans. “What store of value do you use to maintain your wealth over a period of a century? »

Diamandis first heard of Bitcoin between 2010 and 2011, but he didn’t dive deep into the digital currency until 2014. Shortly after, he wrote a blog post saying he would sell all his gold to buy bitcoin.

“I’m a fan of the way Michael Saylor puts it, and I believe Bitcoin equals abundance in many ways,” Diamandis said. “As we edify every man, woman and child, unless they have a financial system that is available and accessible to them regardless of the regime in power, they cannot create wealth or hope for a better future.”

In Diamandis’ view, Bitcoin has a “first opportunity” to become the dominant currency in space as society leaves planet Earth to conquer other planets.

“I think we’re going to start to see a lot of populations and individuals start to adopt [bitcoin] and we will see these trailblazers like Michael Saylor and Jack Dorsey who will be on the front lines,” Diamandis said.

“The old guard will either fall into line or be disrupted,” he added.

Amanda J. Marsh