BTC006: Bitcoin & the Macro Backdrop - w/ Brent Johnson from Santiago Capital (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
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The Risks and Realities of Bitcoin Investment
This chapter discusses the inherent risks of investing in Bitcoin, particularly its volatility and the impact of 'whales' on market stability. The speaker examines the potential for financial drawdowns and the implications of concentrated ownership, while also questioning the sustainability of stablecoins like Tether. Additionally, the conversation considers the influence of government policies on Bitcoin's legitimacy as an asset and its potential challenges to traditional fiat currencies.
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