
Most people are asking whether Bitcoin is risky.But the better question is this: do we understand the money we already trust every single day?On this episode of The ThriveWell Journey Podcast, L. Michael Burt sits down with Eric Runge, founder of Veritas Bitcoin Strategies, to talk about Bitcoin, inflation, fiat currency, the U.S. dollar, financial trust, and what people need to understand before making decisions with money.This episode is not built on hype, panic, or quick financial promises. It is a grounded conversation about what happens when the cost of living rises, the dollar loses purchasing power, and more people ask whether Bitcoin belongs in long-term wealth.Eric breaks down fiat currency versus sound money, why the dollar is no longer backed by gold, why Bitcoin is often called digital gold, and why studying money matters before making investment decisions. Michael asks the questions many people have but may not know how to ask: What is Bitcoin? Why does it have value? How is it different from other cryptocurrencies? Should regular people pay attention? How do families, entrepreneurs, and investors prepare for a financial world changing faster than they realize?Money is not just numbers on a screen. It affects stress, family, retirement, business, opportunity, and how people plan their future.If you are trying to understand inflation, Bitcoin, the future of the dollar, or wealth in uncertain times, this episode will give you better questions and a stronger foundation.This episode is for educational purposes only and is not financial advice. Speak with a qualified financial professional before investing.Chapters00:00 Introduction to Austrian Economics and Monetary Theory02:55 The Importance of Understanding the Dollar and National Debt06:00 The Shift from Gold Standard to Fiat Currency09:04 The Current State of the Dollar and Global Currency Dynamics11:46 The Future of the Dollar and Potential Decline14:58 Navigating Finances in a Fiat System18:01 The Role of Bitcoin in the Financial Landscape20:56 Understanding Bitcoin: Its Origins and Significance23:46 Preparing for Financial Changes and the Role of Bitcoin32:21 Understanding Scarcity and Value in Bitcoin34:31 The Unique Characteristics of Bitcoin36:51 Bitcoin vs. Other Cryptocurrencies42:34 Advice for New Bitcoin Investors46:04 The Mindset of Bitcoin Maximalists56:28 The Importance of Financial EducationConnect w/ Eric RungeLinkedIn Family Office BitcoinBook - Bitcoin & The Family Office: An Intelligent Introduction for the Ultra AffluentConnect w/ L. Michael & TTJ You did not lose your way. You got trapped inside a story about what happened. This free reset helps you separate the event from the meaning so you can move again. - https://bit.ly/YouDidNotLoseYourWayhttp://ushaman.com/elixir - Get 10% off: USE CODE: THRIVEWELLBe a guest on The Thrivewell Journey Podcast? Send L. Michael Burt a message on #PodMatch,https://www.podmatch.com/hostdetailpreview/thethrivewelljourney
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