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George Mekhail

๐Ÿ‘ค Speaker
751 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So then you just kind of play that back.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

The game theory of that if they own 90% of it, well, it's still probably not going to be worth that much because they're controlling so much of it.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Who's going to want to own the other 10?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

The demand isn't there.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Right.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

The demand isn't there and it's โ€“ you're robbing it of some of its key principles of it being fully decentralized, no one controlling the supply.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

If they have that 90% and they're like maybe slowly releasing it back, then it's just not that attractive to that 10%.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So I think they'd know that better than anyone, probably that they don't, you know, they can, they can aggressively accumulate and they're going to probably continue to do that.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

But I mean, I would say once they get up to, if they get up to five, 6%, they'll probably chill.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Yeah.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Yeah.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

And I can see that.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

I mean, it's, it could come down to three or four big players, you know, whether it's nation States, uh, corporations, uh, owning, you know, large swaths of it.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Uh, I think that's probably inevitable once, you know, you start looking at like Apple or some of these companies that have just massive cash reserves.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Once the tipping, there's going to be a tipping point when it's like, no, it's no longer a question of, should I put Bitcoin on my balance sheet?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

We're almost at a point where if you're a CFO, if you're, if you're a corporate treasurer,

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

you're going to be held sort of to a fiduciary obligation and responsibility when your board is going to be like, hey, why were you sleeping on this?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

What happened?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Like all these companies were making all this money and you didn't even tell us about it because, you know, for the longest time it's been a career suicide really to bring it up in a corporate setting.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

I think so.