# Why Bitcoin Makes the Federal Reserve Obsolete w/ Anthony Pompliano

Page: https://stenobird.com/podcast/the-what-is-money-show-1365694/why-bitcoin-makes-the-federal-reserve-obsolete-w-anthony-pompliano
Text version: https://stenobird.com/podcast/the-what-is-money-show-1365694/why-bitcoin-makes-the-federal-reserve-obsolete-w-anthony-pompliano.md
Podcast: [The "What is Money?" Show](https://stenobird.com/podcast/the-what-is-money-show-1365694)
Published: 2026-05-08T20:00:00+00:00
Episode link: https://whatismoneypodcast.com/episodes/why-bitcoin-makes-the-federal-reserve-obsolete-w-anthony-pompliano-ZFkNxNQb
Audio file: https://cdn.simplecast.com/media/audio/transcoded/088a85e5-437f-4c81-b306-10b9ff8c3ece/2effec98-bec5-4728-ba08-7a86d776e682/episodes/audio/group/fffd4524-651c-40fd-9027-9bab9bc850e0/group-item/492a0913-9887-483e-bdb0-5aac41f3f00a/128_default_tc.mp3?aid=rss_feed&feed=MLdpYXYI
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JSON: https://stenobird.com/v1/public/podcasts/the-what-is-money-show-1365694/episodes/why-bitcoin-makes-the-federal-reserve-obsolete-w-anthony-pompliano
Duration seconds: 6531

## Resource

What if fiat currency isn't a flawed system — but a pyramid scheme by design? In this conversation, Robert Breedlove sits down with Anthony Pompliano — entrepreneur, investor, founder of Professional Capital Management, and one of the most widely followed voices in Bitcoin and finance — to build the most rigorous first-principles case for Bitcoin from the ground up. Starting with the nature of trade, scarcity, and how money emerges organically in any society, the conversation moves through Ray Dalio's three critiques of Bitcoin and why each one collapses under scrutiny, the discovery of absolute scarcity as a one-time event equivalent to finding zero, how central banking broke the truthfulness of price signals, and why Bitcoin is the most credible monetary policy in human history outcompeting the least trustworthy ones. Skin in the game, path dependence, the difficulty adjustment, the business cycle as a consequence of centrally planned money — it's all here. This conversation explores the deeper forces shaping human behavior, institutions, and the future of civilization.

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## Transcript

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