Cointelegraph’s Joseph Hall interviewed Bitcoin (BTC) advocates Pierre and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast, at the Surfin’ Bitcoin 2022 occasion held in France. The group talked about how France can appeal to extra miners, the place Bitcoin matches by way of monetary planning and the distinction between Bitcoin and different cryptocurrencies.
According to Pierre, who additionally works at the mining agency Riot Blockchain, there are two methods for France to draw large-scale Bitcoin miners. The first is to supply assurances by way of insurance policies on Bitcoin mining. The second is to supply an influence grid that’s favorable for miners. He defined:
“We’re seeing Japan is now opening up or changing policies on nuclear power, and I think that France should reinvest in its nuclear power, and really they should be able to attract Bitcoin miners more easily.”
The group additionally talked about the subject of economic planning. Morgen, who can also be a licensed monetary planner, mentioned the place Bitcoin matches in monetary planning. She shared that in lots of circumstances, monetary planning conversations revolve round inflation and understanding cash. She acknowledged:
“Most of my profession is about saying, hey, that cash you’ve got there, stop holding all that cash. We need to move it immediately into an investment because it’s, as Saylor called it, it’s a melting ice cube.”
Morgen additionally stated that some purchasers are fast to know Bitcoin and are prepared to place a portion of their portfolio into it. “The financial planning situation really overall kind of helps people to think about it,” she added.
Related: Bitcoin advocate floats BTC as an answer to US scholar mortgage issues
When requested about different cryptocurrencies, the couple placed on their Bitcoin maximalist hats and described why BTC is completely different from different cash like Dogecoin (DOGE) and Ether (ETH). Morgen stated:
“There’s something like Dogecoin, […] but it’s basically a copy of Bitcoin. But it’s still fiat, right? Because they’re constantly inflating it. And the same thing with Ethereum. They claim that there’d be a cap, but there’s really no cap because they don’t even know how much they have in supply.”
Pierre additionally chimed in, explaining that the Bitcoin protocol is designed to attenuate uncertainty. The mining government highlighted that any change in Bitcoin’s parameters would have an effect on this configuration. “Bitcoin is the best engineered digital monetary network, and everything else is worse,” he stated.
