I recall listening to your mastermind episode on We Study Billionaires back in the first half of 2020. Bitcoin at the time was trading around $7,000. And you predicted that we would see a $20,000 Bitcoin at the end of 2020 and a hundred thousand by 2021. Would you say that the reason it didn't hit that second target is because of China's ban on Bitcoin mining? So there's a little bit of luck in some of that, like hitting the 20,000 call. There's a lot of luck there. It went up to 69,000. I was saying 100,000 two years ago, which was mostly based on the stock to flow model. That
Clay and Robert chat with Preston Pysh about the role that money printing, the Federal Reserve, and debt play in the macroeconomy, the benchmark the Preston uses to measure performance against his own portfolio, and much much more!
Preston is a leading voice in the Bitcoin space, and has been a guest on the number of Bitcoin focused podcasts.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
20:45 - How Bitcoin price will perform if we see another deflationary shock in the markets.
36:52 - What the incentives are for continued Bitcoin adoption.
44:29 - The most important metrics Preston looks at to test his Bitcoin thesis.
54:08 - Why Bitcoin hasn’t hit Preston’s $100k price target.
57:43 - The potential risks that Preston sees in Bitcoin.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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