Cointelegraph’s Frederick Hall interviewed Bitcoin (BTC) advocates Pierre and Morgen Rochard, the hosts from the Bitcoin for Advisors podcast, in the Surfin’ Bitcoin 2022 event locked in France. The audience spoken about how exactly France can get more miners, where Bitcoin fits when it comes to financial planning and also the distinction between Bitcoin along with other cryptocurrencies.
Based on Pierre, who also works in the mining firm Riot Blockchain, there’s two methods for France to draw in large-scale Bitcoin miners. The very first is to supply assurances when it comes to policies on Bitcoin mining. The second reason is to supply a power company that’s favorable for miners. He described:
“We’re seeing Japan has become opening or altering policies on nuclear power, and i believe that France should reinvest in the nuclear power, and extremely they will be able to attract Bitcoin miners easier.”
The audience also spoken concerning the subject of monetary planning. Morgen, who is another certified financial planner, discussed where Bitcoin matches financial planning. She shared that oftentimes, financial planning conversations center around inflation and understanding money. She mentioned:
“Most of my profession is all about saying, hey, that cash you have there, stop holding everything cash. We have to move it immediately into a good investment because it’s, as Saylor known as it, it’s a melting ice cube.”
Morgen also stated that some customers are quick to know Bitcoin and are prepared to put some of the portfolio in it. “The financial planning situation really overall type of helps individuals to consider it,” she added.
Related: Bitcoin advocate floats BTC as a strategy to US education loan problems
When requested about other cryptocurrencies, the pair placed on their Bitcoin maximalist hats and described why BTC differs from other coins like Dogecoin (DOGE) and Ether (ETH). Morgen stated:
“There’s something similar to Dogecoin, […] but it’s essentially a duplicate of Bitcoin. But it is still fiat, right? Because they’re constantly inflating it. And also the same factor with Ethereum. They’re saying that there’d be considered a cap, but there is no cap because they do not know just how much they’ve in supply.”
Pierre also chimed in, explaining the Bitcoin protocol is made to minimize uncertainty. The mining executive highlighted that any alternation in Bitcoin’s parameters would affect this configuration. “Bitcoin is the greatest engineered digital financial network, and anything else is worse,” he stated.
