One question has haunted my investment strategy for years: What is cryptocurrency actually for? It feels as though the vibes are constantly shifting — one day it’s the dollar’s successor, and the next it’s little more than a meme. My guest this week is bitcoin evangelist Anthony Pompliano, the chief executive of ProCap Financial. We get into whether crypto is a bet against the American empire and whether its volatility is actually a strength. 0:00 - Intro 01:27 - Physical to digital: The evolution of financial assets 05:00 - The wealth inequality gap 09:58 - The global adoption of crypto 14:51 - Bitcoin vs. Ethereum 20:26 - Why "stability" is a financial lie 29:30 - A “digital savings account” 41:57 - The role of Bitcoin in political dynamics 56:05 - “A bet against America” (A full transcript of this episode is available on the Times website.) Thoughts? Email us at [email protected]. Please subscribe to our YouTube Channel, Interesting Times with Ross Douthat. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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