비트코인과 디지털자산의 미래 | 백훈종 스메시파이CEO

📌 2026 YouthMeta Special Convention Lecture Topic: Bitcoin and the Future of Digital Assets Speaker: Baek Hoon-jong, CEO of SmashFi Now that the global economy has entered a "Wartime Economics" era due to factors such as the US-China rivalry for hegemony and wars in the Middle East, how should we protect our assets? He will clearly explain why the value of physical assets is becoming more precious than financial assets in an era of stagflation, where inflation and recession occur simultaneously, and why Bitcoin is destined to become the ultimate neutral physical asset. 📝 Summary of Key Lecture Content Bitcoin is a "Digital Physical Asset" [01:05] While financial assets are based on someone's credit or promises (debt), physical assets exist on their own. Bitcoin is humanity's first neutral physical asset that can only be issued by inputting electrical energy. We Are Now in a Wartime Economic System (Wartime Economics) [03:49] The United States is blocking the oil supply chains of countries like Venezuela and Iran to cripple China. As a result, national debt is exploding due to supply chain ruptures, infrastructure reconstruction, and war costs. The End of the 1971 System and the Era of Money Replication [06:03] Since the suspension of gold convertibility following the 1971 Nixon Shock, a 100% fiat currency system has been maintained; however, the value of fiat currency is declining due to excessive government fiscal deficits and inflation. The structure makes it inevitable that 'money replication' will begin again to support war and infrastructure investment. Capital Shift to Real Assets and Bitcoin Opportunities [08:42] Historically, real assets such as gold have skyrocketed during periods of stagflation. Bitcoin possesses higher scarcity (stock-to-flow ratio) than gold due to its fixed supply, and it is the only asset free from state control or blockades. The current bear market presents an opportunity to experience the strongest rally when the flood of liquidity returns in the future. [Recommended Reading] 📖 Why the Dollar Hates Bitcoin (Original Title: The Bitcoin Standard) #Bitcoin #DigitalAssets #BaekHoonJong #Smecify #Stagflation #WarEconomy #RealAssets #GoldTrade #BlockchainToday #YouthMeta