The chapter discusses misconceptions about Bitcoin, skepticism around its use as a currency, and comparisons to traditional payment methods. It also covers the four-year cycle of Bitcoin, investment advice for beginners, and price predictions. The conversation emphasizes the importance of research, understanding, and starting with small investments before diving deeper into the world of cryptocurrencies.
Today’s show is part 2 of a two-part series all about Bitcoin, other cryptocurrencies, and blockchain technology with TIP’s Co-Founder Preston Pysh. Preston is a graduate of West Point and Johns Hopkins University, the founder of BuffettsBooks.com, and Co-Founder/Co-Host of We Study Billionaires by The Investor’s Podcast Network.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
00:41 - How Bitcoin works and the problems it looks to solve.
05:54 - Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth.
11:15 - How investors should think about educating themselves about Bitcoin.
15:05 - Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more.
28:21 - How to value Bitcoin based on the stock to flow ratio.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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