3min chapter

Millennial Investing - The Investor’s Podcast Network cover image

MI128: Why Buy Bitcoin w/ Andy Edstrom

Millennial Investing - The Investor’s Podcast Network

CHAPTER

BitCoin Application for High Risk Portfolios

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.

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