In a recent episode of her podcast, journalist Natalie Brunell interviewed prominent author and visionary Jeff Booth. They discussed various topics, including Bitcoin’s price fluctuations, the convergence of Bitcoin and AI, the 2024 election, and the economic implications of current financial systems.
Booth is a Canadian entrepreneur, author, and technology leader known for his insights into the future of technology and economics. He co-founded BuildDirect, a technology company that revolutionized the home improvement and building materials industry by connecting homeowners and contractors directly with suppliers. Booth served as the CEO of BuildDirect for nearly two decades, leading it through significant growth and innovation.
In addition to his entrepreneurial achievements, Booth is also a recognized thought leader and author. He wrote “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future,” a book that explores the implications of technological advancements on the economy, arguing that deflation, driven by technology, is essential for a prosperous future. His work emphasizes the transformative potential of technology and its impact on economic systems, advocating for a shift in how society approaches growth and value creation.
Booth started by addressing the recent dip in Bitcoin prices. He expressed that viewing Bitcoin in terms of fiat currency reinforces a flawed system based on the manipulation and devaluation of money. He argues that the natural state of the free market is deflation, driven by technological advancements that increase productivity. Booth sees Bitcoin not just as a currency but as a protocol bound by energy, which remains stable and decentralized, unlike fiat currencies manipulated by governments.
Booth elaborated on the idea that measuring Bitcoin’s value in fiat terms perpetuates a control system that steals value from individuals. He believes that the current economic systems are designed to protect those who manipulate money.