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Is Bitcoin Fiat Money?

EPISODE · Feb 5, 2026

Is Bitcoin Fiat Money?

from The Human Action Podcast · host Robert P. Murphy

Bob applies Mises’ taxonomy of money and the regression theorem to Bitcoin, asking whether it should be classified as commodity or fiat money and whether Austrian theory really rules out Bitcoin ever becoming money.Related:Mises's The Theory of Money and Credit: Mises.org/HAP536aBob's Study Guide to The Theory of Money and Credit: Mises.org/HAP536bBob's Primer on Bitcoin: Mises.org/HAP536cPoliticians don’t build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

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Is Bitcoin Fiat Money?

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This episode was published on February 5, 2026.

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Bob applies Mises’ taxonomy of money and the regression theorem to Bitcoin, asking whether it should be classified as commodity or fiat money and whether Austrian theory really rules out Bitcoin ever becoming money.Related:Mises's The Theory of...

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