He wasn’t talking about bitcoin at all in 2016.

This is the pitch I had to some activist during the #protestival, music event He was confused, I never said I was quoting Obama specifically as it would undermine the message during the entire conversation. I need to bookmark this as it will serve purpose for decades to come

"Since the gold standard was abandoned in 1971, the relationship in value between currencies and gold has moved in only one direction: down." [Source](

Elements by Visual Capitalist

Visualizing the Power of Gold Versus Currencies

Over the last 40 years, the purchasing power of the world’s most popular currencies have declined against gold.

True he was talking about encryption on mobiles at SXSW Bitcoin was getting a lot of coverage in the MSM at the time He hated Bitcoin… pretty sure he refused to talk about it directly… I’d also bet a few sats he was aligning any form of encryption with child traffickers (including Bitcoin)

You’re not wrong. He was close buddies with Chuck Schumer, who you can thank for introducing millions of people to bitcoin in 2012 and 2013.