Lawrence Lepard says Bitcoin will defund the government and make it harder to conduct war

Lawrence Lepard, an investment manager and Austrian economist, said that Bitcoin will defund the government and make it impossible to start wars. According to independent researchers, governments fund wars through inflation.

Lawrence Lepard, an Australian economist, recently appeared in a podcast with Bitcoin enthusiast Robin Seyr. The economist said that the collapse of the US dollar is inevitable and explained why Bitcoin is the best tool for investors to protect themselves against the looming financial crisis after the crash.

Lepard says Bitcoin will end governments’ ability to go to war

Lawrence Lepard says “Bitcoin will defund government and therefore make it much harder to conduct war.” pic.twitter.com/PVQsfFaFQ9

— Simply Bitcoin (@SimplyBitcoinTV) November 12, 2024

During the episode, Lepard said BTC will make it impossible for governments worldwide to start wars through its hedging characteristics against inflation. Lepard highlighted that governments derive the funds to start wars from inflation. 

He emphasized that without inflation, these governments would not have the funds to go to war. Lepard said that the greatest crime of the fiat currency era is the way it has allowed big corrupt governments to start wars that lead to loss of lives.

During the podcast, the independent researcher mentioned that inflation is driving investments to assets that cannot be printed. According to Lepard, the three unprintable assets are gold, silver, and BTC. The researcher also mentioned that gold is the “analog sound money” while BTC is the “digital sound money.”

Lepard said that the central banks will never stop printing fiat, and Bitcoin’s long-term sentiment is bullish. The economist also said he is so bullish on Bitcoin because he does not see any evidence that the asset may slow down. He also emphasized that Bitcoin is going to demonetize gold in the future. 

Lawrence Lepard supported Michael Saylor’s claim that the 10-year gold rush is coming to BTC. He said that the technology is currently in a phase where Bitcoin goes from being a fringe to mainstream adoption. 

“This is the Gold Rush. I think we are in the timeframe where this [Bitcoin] goes from just being a fringe.”

-Lawrence Lepard

Lepard predicts BTC will rally to $200k before the next correction

The analyst said that the next three years will be exciting for the crypto industry because he believes the monetary conditions are going to get worse, and BTC is going to propel to new highs. He speculated that the asset will top between $200k and $250k before a correction happens to $150k.

The researcher mentioned how Trump’s stance has evolved from anti-crypto a few years ago to pro-crypto early this year. He referenced Trump’s proposal to make Bitcoin a strategic reserve asset for the Federal Reserve and highlighted that he hopes the policy gets implemented.

Lawmakers have already drafted legislation to develop a stockpile for the U.S. The BTC Reserve policy has led many to believe that the U.S. Bitcoin reserves could shift sovereign wealth dynamics and lead other countries to adopt the policy and establish their own BTC treasury reserves.

MicroStrategy founder and chairman Michael Saylor posted on November 8th that Bitcoin will become a treasury reserve asset for many nations.