Published
3 years ago on
June 06, 2020
- The chief executive officer of Kingdom Trust has recently come out to say that bitcoin is a manifestation of Austrian economics.
- Ryan Radloff said that he first got involved with bitcoin at the end of 2011 and began holding and accumulating the asset not long after.
The chief executive officer of the crypto-friendly custodian, Kingdom Trust has recently come out to say that bitcoin is a manifestation of Austrian economics. Speaking in an interview, Ryan Radloff said that he first got involved with bitcoin at the end of 2011 and began holding and accumulating the asset not long after.
Radloff said that it wasn’t the technology underneath bitcoin that got him involved in industry but rather the economic principles of the assets that got him hooked into the crypto world.
He said:
“For me, what drove to Bitcoin wasn’t the technology at all. [...] I had been a student of monetary policy, specifically the Japanese yen. As I started really understanding the construct of how money works, Bitcoin’s monetary supply — the quantitative hardening that it goes through every few years — was my eureka moment more than the blockchain technology element of it.”
He went on to say that he clearly loves the technology side to it and believes that it is an incredibly innovative thing but it’s the hardening elements that really get him excited about bitcoin.
The CEO further says that his goal in life isn’t it to just advance the leading cryptocurrency but to make the economy in Austria more approachable and understandable to younger generations such as Millennials and Generation Z.
"If you’re our age, collectively, all we've ever known is ‘money printer go brrr’ — that's all we've ever known. Since we were born, we've been printing, and nobody's really ever questioned that. But it's you look at [past] generations [...] it didn't use to be this way."
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