Bitcoin is the alternative to consumerism: with Holger von Krosigk

If you look closely, you'll notice that the Bitcoin community lives a culture and lifestyle that is quite different from what the media often portrays. Crypto is often associated with fast money and phrases like "To the moon" or "When Lambo?". But Bitcoin is not crypto. In this podcast episode, Niko talks to Holger about the savings culture among Bitcoiners.

This weekly podcast about Bitcoin is the initiative of the Viennese financial journalist Niko Jilch. The goal: to strengthen and network the German-speaking Bitcoin community - and to bring the Bitcoin phenomenon closer to as broad a mass as possible.

We accompany this project as one of the main sponsors in this blog and also make all podcast episodes available here as a video.

What Bitcoin Brings. Episode 33 from 04.10.2022

Holger von Krosigk has researched the cultural history of saving and written several articles about it. For the publisher and former professional skateboarder, Bitcoin is nothing other than the "return of the savings culture". After all, "Bitcoin is the opposite of speculation. What Bitcoiners do is systematically put money aside - based on a deep understanding of the technology," says Holger.

In the crypto and altcoin space, Holger sees an alternative version of the FIAT world, which revolves around speculation, greed and getting rich quick. Bitcoin is fundamentally different here due to its natural finite nature and due to its lower time preference, which requires a certain reward deferral - see Marshmallow test.

Regarding the current interest in Bitcoin and the public opinion on Bitcoin in Germany, Holger refers to the strong correlation of the Google Search Trend for the keyword "Bitcoin" and the EUR price of Bitcoin. This shows, for example, how much Bitcoin is perceived by the public as a short-term speculative asset and not as digital gold for the long term. Public opinions of journalists and critics are therefore not important for Holger.

Niko Jilch is a financial journalist, speaker and moderator. He has been dealing with our monetary and financial system, inflation, central banks, gold and of course Bitcoin for more than ten years. His ongoing column "Young Money" is published at the digital business medium "Brutkasten".

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