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BTC006: Bitcoin & the Macro Backdrop - w/ Brent Johnson from Santiago Capital (Bitcoin Podcast)

Dec 30, 2020

Guest

Brent Johnson

Brent Johnson, founder of Santiago Capital Management and a macroeconomics expert, delves into the current financial landscape and Bitcoin's role within it. He discusses the dominance of scare assets and emphasizes the importance of position sizing in investments. Brent highlights risks associated with Bitcoin, including market volatility and concentrated ownership. The conversation also critiques central banks' influence on economic inequality and explores Bitcoin's future potential amid evolving financial dynamics.

01:02:35

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INSIGHT

Debt and Monetary System

Central banks try to delay debt consequences, creating volatility.
The monetary system, being debt-based, faces inflationary and deflationary pressures.

insights

INSIGHT

Future Liquidity and Solvency

Expect further liquidity shocks and potential solvency issues.
Deferring dollar demand creates hidden risks in various markets.

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ADVICE

Gold and Bitcoin

Own some gold to hedge against fiat currencies.
Consider adding Bitcoin for its asymmetric potential.

Get the Snipd Podcast app to discover more snips from this episode

Navigating Wealth and Economic Dynamics

02:00 • 19min

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The Risks of Commercial Real Estate and the Threat of a Currency Crisis

21:00 • 2min

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Elevating Bitcoin Mining Experiences

22:51 • 6min

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The Risks and Realities of Bitcoin Investment

28:57 • 17min

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Bitcoin's Impact on Economic Cycles and Future Growth

45:38 • 6min

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Bitcoin and Borrowing Dynamics

51:37 • 15min

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#492

• Mentioned in 34 episodes

The Old Man and the Sea

Ernest Hemingway

The novella tells the story of Santiago, an old Cuban fisherman who has gone 84 days without catching a fish. Determined to break his unlucky streak, Santiago ventures far into the Gulf Stream, where he hooks a giant marlin. Over the course of three days, he battles the marlin, showing respect and admiration for the fish. Despite eventually killing the marlin, Santiago's catch is devoured by sharks on his journey back to shore. The story highlights Santiago's endurance, his deep connection with nature, and the themes of struggle, dignity, and the indomitable human spirit.

#138

• Mentioned in 88 episodes

The Alchemist

Paulo Coelho

Paulo Coelho's "The Alchemist" is an allegorical novel that follows Santiago, a shepherd boy, on a journey to fulfill his Personal Legend. The story blends elements of fantasy and realism, exploring themes of self-discovery, following one's dreams, and listening to one's intuition. Along his journey, Santiago encounters various characters and challenges that teach him valuable lessons about life and the importance of perseverance. The book's simple yet profound message has resonated with readers worldwide, inspiring them to pursue their passions and embrace the journey. The Alchemist is a timeless tale of self-discovery and the pursuit of one's dreams.

#220

• Mentioned in 59 episodes

The Fourth Turning

What the Cycles of History Tell Us About America's Next Rendezvous with Destiny

Neil Howe

William Strauss

The Fourth Turning illuminates the past, explains the present, and reimagines the future based on a provocative theory of American history. The authors identify a distinct pattern where modern history moves in cycles, each lasting about the length of a long human life, composed of four twenty-year eras—or 'turnings'—that comprise history's seasonal rhythm of growth, maturation, entropy, and rebirth. The book offers bold predictions about how America’s past will predict what comes next, particularly focusing on the roles of Boomers, Generation X, and Millennials during times of upheaval.

IN THIS EPISODE, YOU'LL LEARN:

How Brent views the macro landscape
Brents opinions on different "pools" of money in the greater economy
Why scare assets are going to continue to dominate the investing landscape
How to think about position size
Brent's risks for Bitcoin
How much Bitcoin should be in your portfolio

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Brent Johnson's twitter
Brent's investment firm Santiago Capital Management
Browse through all our episodes (complete with transcripts) here.

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