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Monopoly, Inflation, and Deflation: A Economic Analogy
Exploring the parallels between a game of Monopoly and the real-world economy, discussing the impact of inflation, deflation, historical events like the US leaving the gold standard, and the current state of the bond market with negative interest rates. Drawing connections between gold in times of hyperinflation and the potential role of Bitcoin as an economic hedge.
Today’s show is part 1 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
05:16 - What Bitcoin, cryptocurrencies, and blockchain are.
10:43 - Why we need an alternative currency that isn’t the US Dollar.
32:31 - How to value an asset such as a cryptocurrency.
50:25 - Why the most common argument against Bitcoin is inaccurate.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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