In an episode of Bitcoin Spaces Live, released by Bitcoin Magazine on November 3 2021, Michael Saylor made the claim that bitcoin is going to “demonetize” index funds. 

“The war is bitcoin versus gold and bitcoin versus index funds… the war is against weak assets, and bitcoin is going to demonetize $100 trillion of them next.”

What does it mean to demonetize an asset? It means to take away it’s status as money. Not good for owners of these assets. In this article, I am going to focus on the potential for bitcoin to eat the lunch of index funds.





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