Do you remember when your economics professor called
Bitcoin a scam? It serves no purpose.
It's not a store of value, it's not a medium in exchange.
And as we have seen, if you want it decentralized and not under
government control, it is a haven for fraudsters.
Yeah, those same ivory tower folks are now teaching Bitcoin
one O 1, MIT, Stanford, Princeton and even those
Berkeley hippies are grading that Bitcoin homework.
Those same institutions who once called Bitcoin a joke are now
charging you 50 grand a year to learn it.
That's like almost half a Bitcoin.
So what happened? And what does that mean for
adoption? I'm oceans?
This is beyond Bitcoin classes in session.
For the first time in 100 years, there's a capital asset other
than treasury bills that you can use to capitalize a publicly
traded company on. That's that's liquid.
Bitcoin is a digital digital commodity, a digital scarcity.
And theoretically, if you think through the the implications of
having a digital commodity that you capitalize a public company
on, if it outperforms the S&P and is more volatile than the
S&P, then you will have positively polarized the balance
sheet of the company to capital. Which means in theory, you can
raise infinite money. And the more money you raise,
the wealthy or everybody gets in, the faster the stock price
goes up and the more money you can raise.
And that's blowing people's minds, right?
Because that is such a profound concept that the more money
capital I raise, the more capital I can raise.
That breaks every textbook at Harvard and Stanford.
It's no surprise that in the early 2000 tens, Bitcoin was
like the boogeyman of academia. The professors of that time
probably shrugged it off and said, you know, it's for
criminals only, or it's all going to go to 0.
It wastes energy policy. Schemes are usually the most
exploitative, the most abusive and the worst.
And Bitcoin, frankly, looks exactly like that.
These kinds of typical FUD that you've heard dozens and dozens
of times. Some schools literally banned
mining rigs in dorms because students were tripping circuit
Breakers. Well, maybe that's not the only
thing they were tripping, am I right?
Bitcoin wasn't just ignored, it was actively dunked on by the
so-called experts and students alike.
And as late as last year, Harvard commencement speaker
Chris Pan was speaking about Bitcoin in his commencement
speech and was booed by the entire student body.
But I urge you to keep an open. Mind, right?
Now no, I see bitcoins. The irony is that the students
that weren't racking up hundreds of thousands of dollars of loans
were already miles ahead of the rest of them by simple Reddit
posts. But as we all know, Bitcoin
didn't die. Every time it crashed, it came
back stronger, like some kind of financial cockroach.
Students started underground Bitcoin clubs, hackathons,
meetups, even UC Berkeley made it official.
MIT literally airdropped Bitcoin to its students back in 2014.
Half of them probably spent it on pizza.
The other half is probably retired by now.
Universities have eventually realized that if you're going to
ignore Bitcoin, students will probably learn it without you.
So the university is probably thinking, how can I capitalize
on this? Let's charge $50,000 a year and
teach them about the blockchain. Blockchain is real.
It's a technology. We use it.
It's going to move money, it's going to move data.
It's efficient. We've been talking about that
for 12 years too. And it's very small, OK.
So I think we've wasted too many words in that.
Crypto currencies, there are two types.
There's a cryptocurrency which might actually do something.
Think if a cryptocurrency has an embedded smart contract in it
and then we can use it buy and sell real estate to move data
that may have value. The idea of tokenizing,
tokenizing things that that you do something with.
And then there's one which does nothing.
I call it the pet rock, the Bitcoin or something like that.
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Fast forward to today and Bitcoin is on the syllabus of
some of the most elite colleges in the world.
Jack Mallers, who we all love and adore, explains in this clip
how some of the most elite colleges, like Harvard, are
changing their tune on Bitcoin. You are not going to win and you
are not going to survive owning bonds and stocks.
The 6040 portfolio is dead and even Harvard agrees.
Right after Trump signs this executive order, Harvard bought
over $100 million worth of Bitcoin exposure.
That is the most prestigious university, not only in America,
in the world that has 100 million plus dollar Bitcoin
position. Pensions, endowments, sovereign
wealth funds are buying Bitcoin because you cannot sustain and
survive on bonds. And this is no longer
speculative. On this show, I spend months,
you know, I really think so. You know, if I ran a pension,
you know, if I were in charge of funding teachers in Chicago.
But now we're living it. We literally now have the US
government writing executive orders in endowments like
Harvard. Just saying if we're going to
survive, we need actual returns. We can go down the list of these
colleges that are offering Bitcoin courses.
Princeton, for instance, has a full Bitcoin course, which they
also offer on Coursera because their tuition is not very cheap.
Stanford, MIT, Berkeley, Cambridge, Columbia, and even
Edinburgh all offer courses on Bitcoin.
So why does this matter? Well, not to state the obvious,
but it means that Bitcoin has reached its next level of
adoption. When the best colleges in the
world are teaching Bitcoin in their classes, that really means
something. That means something.
The same professors who mocked Bitcoin are now training the
next wave of Bitcoin devs, entrepreneurs, and policy wonks.
What's a policy wonk? I have to look that up.
Students that are entering Wall Street, Silicon Valley, or the
government even, are already orange peeled.
Bitcoin has gone from contraband in your dorm room to core
curriculum. Adoption isn't just about buying
Bitcoin, it's about changing culture.
And if Bitcoin has infiltrated the ivory tower of education,
that's some culture conquered. What we have with Bitcoin is a
new form of software that's that's very has a very tight
grip on reality through proof of work mining, right.
It's like integrated to energy, if you will.
And this technology is, is having implications or or
effects on our own code. Like the way I think about this
is, look, we're all, maybe this is not an exact term, but we're
running cognitive code. We're all running some kind of
software to be conscious, right? That's what the brain is.
It's the organic computer, whatever you want to call that.
Well, our cognitive code is interfacing or interacting with
legal codes and moral codes, software codes, all these
different codes we've created for ourselves.
And the way that the, I guess maybe the purpose of the
intention, maybe not just purpose in Earth, the essence of
whatever is written into that code has a mutual influential
effect on our mind. And that's what seems to be
happening with Bitcoin. Yeah, and.
Changing us? What I kind of interesting is
that, you know, we tend to think that law exists in the outside,
right, that laws that are written in a written form, but
you know, a lot of laws actually are internal.
Like you said, it's a commutative right.
So that counter has sexual principles and that liberate our
behavior. So for me, society, I I grew up
in Japan, so Japanese cultures had certain kind of customs and
ways of being right. And even even though I moved to
the USI carry these laws, you know, within myself.
And then when I interact with Americans, for instance, I catch
myself, wow, you know, I am operating with Japanese code,
right? And and even though like like so
for instance, like we have in Japan, like we have freedom of
speech, but you know, we the culture called create a friction
because culturally we are not allowed to speak freely.
So there are, you know, we kind of regulate our behavior at the
unconscious level. We're self censoring.
By self censoring and that there is no external law or anything
making us to behave like like that, you know, even though the
freedom of speech exists technically, but we don't allow
ourselves to claim that right? Because of the culture code,
right? So, you know, so that's why I
found interesting that Bitcoin is global and Bitcoin is
creating a new culture, you know, enabling a new set of
universal human rights code, so to speak, you know, and the
freedom is universal freedom should be applied to everyone,
right? And let's not forget that
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mining today at SAS mining.com. From ridicule to respect,
Bitcoin is now a subject at the same schools that once trashed
in. That's not just education,
that's adoption. The orange pill has officially
gone Ivy League, and honestly, that's pretty weird.
But as we all know, in Bitcoin, weird is kind of normal.
Anyway, that's our show for today.
Thank you so much for watching imotions.
This is beyond Bitcoin. If you like what you see and you
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