Most people are asking whether Bitcoin is risky.

But the better question is this: do we understand the money we already trust every single day?

On this episode of The ThriveWell Journey Podcast, L. Michael Burt sits down with Eric Runge, founder of Veritas Bitcoin Strategies, to talk about Bitcoin, inflation, fiat currency, the U.S. dollar, financial trust, and what people need to understand before making decisions with money.

This episode is not built on hype, panic, or quick financial promises. It is a grounded conversation about what happens when the cost of living rises, the dollar loses purchasing power, and more people ask whether Bitcoin belongs in long-term wealth.

Eric breaks down fiat currency versus sound money, why the dollar is no longer backed by gold, why Bitcoin is often called digital gold, and why studying money matters before making investment decisions. Michael asks the questions many people have but may not know how to ask: What is Bitcoin? Why does it have value? How is it different from other cryptocurrencies? Should regular people pay attention? How do families, entrepreneurs, and investors prepare for a financial world changing faster than they realize?

Money is not just numbers on a screen. It affects stress, family, retirement, business, opportunity, and how people plan their future.

If you are trying to understand inflation, Bitcoin, the future of the dollar, or wealth in uncertain times, this episode will give you better questions and a stronger foundation.

This episode is for educational purposes only and is not financial advice. Speak with a qualified financial professional before investing.

Chapters

00:00 Introduction to Austrian Economics and Monetary Theory

02:55 The Importance of Understanding the Dollar and National Debt

06:00 The Shift from Gold Standard to Fiat Currency

09:04 The Current State of the Dollar and Global Currency Dynamics

11:46 The Future of the Dollar and Potential Decline

14:58 Navigating Finances in a Fiat System

18:01 The Role of Bitcoin in the Financial Landscape

20:56 Understanding Bitcoin: Its Origins and Significance

23:46 Preparing for Financial Changes and the Role of Bitcoin

32:21 Understanding Scarcity and Value in Bitcoin

34:31 The Unique Characteristics of Bitcoin

36:51 Bitcoin vs. Other Cryptocurrencies

42:34 Advice for New Bitcoin Investors

46:04 The Mindset of Bitcoin Maximalists

56:28 The Importance of Financial Education

Connect w/ Eric Runge

LinkedIn

Family Office Bitcoin

Book - Bitcoin & The Family Office: An Intelligent Introduction for the Ultra Affluent

Connect w/ L. Michael & TTJ

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