EPISODE · Oct 21, 2025 · 1H 6M
296. The Fiat Standard Lecture 15: Bitcoin Banking
· host Dr. Saifedean Ammous
The Fiat Standard Lecture 15: Bitcoin Banking explores why demand for deposits, secure storage, and capital allocation continues under a Bitcoin standard, how high cash reserves and self-custody limit bank risk, and why deposit banking and equity investment naturally separate without a lender of last resort.You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership
What this episode covers
The Fiat Standard Lecture 15: Bitcoin Banking explores why demand for deposits, secure storage, and capital allocation continues under a Bitcoin standard, how high cash reserves and self-custody limit bank risk, and why deposit banking and equity investment naturally separate without a lender of last resort. You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download. You can also take the ...
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296. The Fiat Standard Lecture 15: Bitcoin Banking
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