Video News/Consensus 2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Bill Barhydt, Founder and CEO of Abra, who says that Bitcoin will become the shadow central bank, as the fiat system fails. Barhydt sees more sovereign nations and companies holding Bitcoin as a reserve asset. He warns that 50-75 non-U.S.-dollar-backed or non-euro-backed currencies will fail in the next 25 years. “With international currencies backed by nothing, it's a ticking time bomb,” he tells Kitco News on the sidelines of Consensus 2024 in Austin, Texas. Barhydt adds that once the fiat system begins to collapse, it could happen overnight. Special coverage of Consensus is brought to you by Diamond Standard → https://bit.ly/DiamondStandardKitco