MI Rewind: Why Buy Bitcoin w/ Andy Edstrom
The Intrinsic Value Podcast - The Investor’s Podcast Network
Bitcoin's Limitations and Investment Strategies
The chapter examines Bitcoin's weaknesses compared to traditional currencies and assets, such as lack of strong backing and misconceptions about privacy, while highlighting its potential as the preferred form of money. It also discusses using high-yield cash accounts for investing and promotes NetSuite by Oracle for streamlining business operations.
Clay Finck chats with Andy Edstrom about why Bitcoin should be considered as a part of an investment portfolio, how Andy thinks about valuing Bitcoin as an investment, how investors can potentially keep themselves from ‘buying the top’ in Bitcoin, the 14 characteristics of money and how Bitcoin stacks up against gold and fiat currency, some of the common misconceptions around Bitcoin, and much, much more!
Andy Edstrom, CFA, CFP is a wealth manager at Wescap Group and is Managing Director of Swan Advisor Services.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
02:00 - How Andy discovered Bitcoin and ended up buying it.
07:40 - Why investors should consider adding Bitcoin as a part of their portfolio.
07:40 - Why Bitcoin has a lot of potential to continue achieving very high returns.
26:13 - How Andy thinks about the value of Bitcoin today when buying it for his portfolio.
26:13 - How investors can potentially keep themselves from ‘buying the top’ in Bitcoin.
40:53 - Why it’s important to first understand money, what is good money versus what is bad money.
40:53 - What the 14 characteristics of money are.
58:17 - What is driving the continued growth in the adoption of Bitcoin in portfolios?
58:17 - Why El Salvador is embracing Bitcoin and what countries might be next.
01:18:01 - What makes Bitcoin different from all of the other cryptocurrencies?
01:18:01 - Why Bitcoin incentivizes the movement towards renewable and green energy.
01:27:12 - Why the US government is not likely to ban Bitcoin.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Check out Swan Advisor Services.
- Andy’s book, Why Buy Bitcoin.
- Trade Bitcoin with Swan.
- Check out TIP’s Mayer Multiple and the Mayer Multiple Twitter Account.
- Square and Ark Invest’s Report, Bitcoin is Key to an Abundant, Clean Energy Future.
- Explanation of the Lindy Effect.
- Related Episode: Listen to MI032: Bitcoin, Cryptocurrencies, and Blockchain (Part 1) w/ Preston Pysh, or watch the video.
- Related Episode: Listen to MI044: Bitcoin, COVID-19, And Macroeconomics For Beginners Part 1 w/ Pomp, or watch the video.
- Check out the books mentioned in the podcast here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our Millennial Investing Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Remember Everything You Learn from Podcasts
