Bitcoin has huge potential upside. It's software. You can build new use cases on it. And so my guessis there will be uses and things built on bit coin that we just haven't even thought about yet. On the valuation, you know my valuation framework, i'm actually up dating it lately. I think in the book, it was something like 400 thousand dollars per bi coin by the end of a decade. So that was two years ago, so that would be 400000 dollars in eight years. Right now, i'm more bollish, partly because the price is already moved toward the target.
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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