# Jeff Booth: Most Bitcoiners Are Still Trapped in the Fiat System

Page: https://stenobird.com/podcast/bitcoin-success-school-7669520/jeff-booth-most-bitcoiners-are-still-trapped-in-the-fiat-system
Text version: https://stenobird.com/podcast/bitcoin-success-school-7669520/jeff-booth-most-bitcoiners-are-still-trapped-in-the-fiat-system.md
Podcast: [Bitcoin Success School](https://stenobird.com/podcast/bitcoin-success-school-7669520)
Published: 2026-08-22T20:30:00+00:00
Episode link: https://api.riverside.com/hosting-analytics/media/dddd16783ea8e9c556247c5cd9202797e49784e29d787bcdea30ff0ff3de24d0/eyJlcGlzb2RlSWQiOiJiMjJiNjVjNC00NzVkLTQ5M2EtYjk4OS1iODQ1YzU4NTVlMDYiLCJwb2RjYXN0SWQiOiJlYjdmMjU3NS02YzlkLTRkZTQtODMxNy02YTZmYmNjM2VjZWEiLCJhY2NvdW50SWQiOiI2NzdmZjg0ZDI4MTNiN2JjNjE4ZTIyZTEiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmE4YTAxNjViNDUxZWE2NDBmNmJiMzIxL2Zpbi1jcmVpZ2h0b25zLXN0dWRpby1jb21wb3Nlci0yMDI2LTgtMjJfXzIyLTctMS5tcDMifQ==.mp3
Audio file: https://api.riverside.com/hosting-analytics/media/dddd16783ea8e9c556247c5cd9202797e49784e29d787bcdea30ff0ff3de24d0/eyJlcGlzb2RlSWQiOiJiMjJiNjVjNC00NzVkLTQ5M2EtYjk4OS1iODQ1YzU4NTVlMDYiLCJwb2RjYXN0SWQiOiJlYjdmMjU3NS02YzlkLTRkZTQtODMxNy02YTZmYmNjM2VjZWEiLCJhY2NvdW50SWQiOiI2NzdmZjg0ZDI4MTNiN2JjNjE4ZTIyZTEiLCJwYXRoIjoibWVkaWEvY2xpcHMvNmE4YTAxNjViNDUxZWE2NDBmNmJiMzIxL2Zpbi1jcmVpZ2h0b25zLXN0dWRpby1jb21wb3Nlci0yMDI2LTgtMjJfXzIyLTctMS5tcDMifQ==.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-success-school-7669520/episodes/jeff-booth-most-bitcoiners-are-still-trapped-in-the-fiat-system
Duration seconds: 1984

## Resource

In this conversation, Joey from Sats Down Under joins me for his first biweekly episode on the channel as we sit down with Jeff Booth to unpack why the existing financial system is structurally broken — and why Bitcoin offers a fundamentally different path. We cover: - Why Jeff believes the natural state of a free market is deflation - Why $300+ trillion of global debt means currency debasement has to continue - Why even many Bitcoiners are still trapped thinking in fiat terms - What it actually looks like to start living on a Bitcoin standard - Why Bitcoin's internal battles may actually be necessary for decentralisation - Why Bitcoin could face much bigger battles in the years ahead - Why self-custody and running your own node are ultimately about personal agency - How to stop fearing Bitcoin and start building the skills to use it properly. This conversation will help you understand why Jeff believes the transition from broken money to sound money was never going to be smooth. And more importantly... why your individual choices matter... ⬇️ Learn more Need help doing self-custody properly and securely? Book a free 30 minute call: https://bitcoinsuccessschool.com Get 5% off your MicroSeed (Seed Phrase Backup): https://microseed.io/?ref=bss Follow/Connect with me: - Follow me on X (Twitter): https://x.com/FinCreighton - Follow me on Instagram: https://instagram.com/fincreighton - Subscribe for new episodes: https://youtube.com/@FinCreighton

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## Transcript

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