Amid mounting economic uncertainties and the erosion of fiat currencies, Roundtable anchor Rob Nelson chatted with Sue Ennis, Head of Investor Relations at Hut 8, to explore bitcoin's potential as a universal store of value.

Their discussion centered on whether cryptocurrencies like bitcoin can simultaneously benefit both large institutions and individual investors in a rapidly changing financial landscape.

Rob Nelson posed a critical question about bitcoin's dual potential: "Isn't it possible in this case because of bitcoin for both to happen?" Sue Ennis responded with cautious optimism, acknowledging existing concerns while expressing hope for a more inclusive financial future. "I'm more of an optimist. I definitely hear David's points for sure, but I've skew on a touch more on the optimist side," she said.

Ennis highlighted the shared economic challenges faced globally, noting that "fiat is melting" and countries are accumulating excessive debt. She emphasized the universal need for a stable store of value amidst geopolitical tensions and economic instability. "You need a sovereign non-melting currency; you need a store of value. They're in the same situation that we're all in," Ennis remarked, questioning traditional assets by asking, "What really is a store of value anymore?"

She also acknowledged the role of large institutions in the crypto space, suggesting they have been instrumental in driving mass adoption. "I do think that they have been helpful in terms of spreading the mass adoption, helping facilitate a better user interface and user experience of at least being able to onboard into this asset class," Ennis commented. However, she pointed out that upcoming interest rates and elections are pivotal events everyone is watching closely.

As the discussion concluded, Nelson urged industry leaders to remain true to the decentralized ethos of cryptocurrency. "You big players out there got to promise not to turn into the Googles in 10 years," he cautioned. Ennis reassured him by highlighting Hut 8's commitment to bitcoin mining and innovative energy solutions. "We are still incredibly bullish on bitcoin mining as a means to monetize megawatts... we're not giving up bitcoin mining anytime soon," she affirmed.