In the second episode of Horizons of Leadership, we talk with Professor Peter Schmidt who is senior lecturer at RIT Croatia, where he teaches subjects related to accounting, taxation, inflation, money, and Bitcoin. He is also the mentor of our student Bitcoin Club and a frequent speaker at conferences focused on Bitcoin and the future of finance. Among students, he’s known as: “the professor saving Gen Z from the fiat disaster”.
In the episode Professor Schmidt walks us through the history of money, the core principles that give it value, and the risks built into today’s monetary system. He explains how inflation and government debt affect everyday people, and why Bitcoin presents a fundamentally different model. The episode also touches on how companies are already adopting Bitcoin, and how education must evolve to prepare students for this shift.
00:00 Intro
01:36 Motivation and mission behind teaching Bitcoin
02:31 Definition of money and what purpose it serves
05:13 Core characteristics of money and monetary properties
08:30 Was gold good money?
10:55 How has the money we use today emerged?
15:12 Risks of today's monetary system
20:16 Inflation and debt
26:52 Possibility to transfer to other solutions
28:10 Young people will have a hard time building wealth
29:35 Solution is Bitcoin
31:10 Why does Bitcoin have value?
33:03 How does Bitcoin solve the problem of high prices?
35:22 Examples of companies and countries that acquired Bitcoin
40:24 Does Bitcoin face challenges?
41:52 Future of education in the area of Bitcoin
45:07 Ending
🧑🏻💼 Guest: Professor Peter Schmidt
🌐 LinkedIn: https://www.linkedin.com/in/peter-schmidt-aa51385b/
🧑🏻💼 Podcast Host: Filip Đurović
🌐 LinkedIn: https://www.linkedin.com/in/filip-%C4%91urovi%C4%87-b5650b2a0/
🎬 Video Editor: Dinmukhamed (Aidyn) Beisenov
🌐 LinkedIn: https://www.linkedin.com/in/dinmukhamed-beisenov-09994225b/
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