Brad Mills, an investor and host of the "Magic Internet Money" podcast, dives into Bitcoin maximalism and its impact on the crypto landscape. He discusses the differentiation between investors, traders, and gamblers, highlighting psychological motivations in the crypto space. Mills unveils the timeless principles of investing in Bitcoin as a long-term savings technology. He also probes into the ideological divide between Bitcoin enthusiasts and alternative coins, emphasizing the need for open dialogue to enhance understanding in the community.
38:59
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Investor Roles
There’s a key difference between holders, investors, traders, and gamblers in the cryptocurrency space.
Understanding these distinctions is crucial for navigating the market effectively.
volunteer_activism ADVICE
Timeless Investing
Focus on timeless investing principles like buying great assets and holding them long-term.
Bitcoin aligns with these principles, encouraging a "hodl" strategy similar to Buffett's "forever" approach.
Brad Mills is an investor and host of the "Magic Internet Money" podcast.
In this conversation we talk about the state of Bitcoin Maximalism by debate the pros and cons of the current message that maximalists send to the broader Crypto community.
=======================
This episode is sponsored by my favorite place to buy, trade, and stake crypto, Okcoin. They're the fastest growing US based exchange, serving over 190 countries globally with the easy onboarding and low fees. If you haven't tried them out yet, you should. They're on a mission to make learning about and buying crypto easier than ever, and they're all about bringing more financial literacy to everyone, something we can always use more of.
From being the only exchange to integrate Lightning to contributing over $1M for Bitcoin core devs, they're doing incredible work to further the bitcoin ecosystem and they offer lots of other vetted utility assets from gaming to defi. With Okcoin, I feel confident that the future really will be ok.
To get started, go to http://okcoin.com/pomp for some free bitcoin when you sign up.
=======================
Fundrise is the largest direct-to-investor real estate investment platform out there, giving you the opportunity to achieve upside of an asset class previously reserved for institutions and high net worth individuals.
That’s right, Fundrise is making high-end private market real estate investing accessible to everyone via an easy-to-use, automated platform. See for yourself how over 190,000 investors have built a better portfolio with private real estate. It takes just a few minutes to get started with as little as $10.
Go to http://Fundrise.com/Pomp today and, for a limited time, get $10 when you place your first investment. That’s Fundrise.com/Pomp
=======================
Crypto is all about giving the power back to the people and our sponsor, Pipe, is doing that in a big way. Pipe is the world’s first trading platform that allows you to trade recurring revenue streams for up-front capital. And with Pipe’s new API, companies with recurring revenue can build seamless, embedded financing options into their platforms.
One of the most interesting uses for Pipe’s new API right now is Compass Mining’s “Mine Now, Pay Later” which powers payment plans on bitcoin mining hardware so more miners can start or scale with a smaller up-front investment. Whether you’re looking for mining hardware or scaling any business with recurring revenue, check out Pipe to access growth capital with:
No loans. No dilution. No restrictive covenants or warrants. Just growth on your terms
And right now, Pomp Podcast listeners can access tens of thousands of dollars even millions fee-free for 12 months. Whether you are a bitcoin mining company looking to enable financing for your customers or a SaaS, DTC, or any business that has recurring revenue, sign up at http://pipe.com/pomp to start trading today.
The Pomp Podcast