I love to touch on some of the common misconceptions around bitcoin and get your thoughts. Let's start with the environmental cern. Many people will state that bitcoin is bad for the environment because of the amount of energy that is required to run the protocol. The data i've seen indicate that total energy usage to extract gold, d to mine gold, and keep that monetary system running, is something like three times the energy usage of the bitcoin network. So bitcoin is currently more efficient in terms of energy usage than gold, by the way.
IN THIS EPISODE, YOU’LL LEARN:
07:40 - Why investors should consider adding Bitcoin as a part of their portfolio.
26:13 - How Andy thinks about the value of Bitcoin today when buying it for his portfolio.
36:42 - How investors can potentially keep themselves from ‘buying the top’ in Bitcoin.
39:33 - What the 14 characteristics of money are.
01:15:21 - What makes Bitcoin different from all of the other cryptocurrencies.
01:24:32 - 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.
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