Bitcoin's No Value

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A surprising number of people still think the US dollar is backed by gold. But Bitcoin isn't backed by anything, he says. It's true in the physical sense that you can't trade it at a fixed exchange rate for something else. What is backing it is the massive amount of computing power that's powering this network That's what makes it scarce and gives it potential to be store of value.

In this MI Rewind episode, Clay Finck chats with Chris Kuiper and Jack Neureuter about Fidelity and Bitcoin, decentralization and network effects, and much more!

Chris Kuiper is the Director of Research at Fidelity Digital Assets and Jack Neureuter is the Research Analyst at Fidelity Digital Assets. Together they wrote the Bitcoin First White Paper which outlines why investors need to consider bitcoin separately from other digital assets.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

06:56 - Why Fidelity chose to offer services for Bitcoin only, and none of the other digital assets.

13:47 - Why institutions are interested in buying Bitcoin for their company’s balance sheet.

16:59 - Chris and Jack’s thoughts regarding common criticisms of Bitcoin.

19:45 - Why Bitcoin should be considered separately from all other digital assets from an investment standpoint.

28:08 - Why decentralization and network effects are critical aspects of Bitcoin’s value proposition.

44:24 - Things happening in the Bitcoin space that make Chris and Jack most excited about its future.

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 the Bitcoin First White Paper.
Related WSB Episode: Listen to BTC064: Bitcoin and Fidelity's Director of Global Macro Jurrien Timmer, or watch the video.
Related Episode: Listen to MI128: Why Buy Bitcoin w/ Andy Edstrom, or watch the video.

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