We Study Billionaires - The Investor’s Podcast Network BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)
Jul 28, 2021
Harry Sudock, a Bitcoin mining expert, shares his valuable insights into the evolving landscape of Bitcoin mining. He discusses the importance of balance sheets in the industry and the significant hardware migration out of China. Harry dives into the relationship between hash rates and Bitcoin prices, while also emphasizing the role of geothermal energy in mining efficiency. He explores regulatory challenges and strategies for convincing grid operators to embrace mining, revealing where the best locations for mining might be.
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Missed Opportunities
- Harry Sudock had three chances to buy Bitcoin, but missed them all.
- He finally invested after enough exposure to the concept.
Balance Sheet Importance
- Harry Sudock believes balance sheets will become more important than valuations.
- He believes hard assets will outperform other investments.
Current vs. Future Markets
- Harry Sudock views companies like Airbnb as maximizing current market conditions.
- He believes they are not designed for future market shifts.
