Lawrence Lepard: Bitcoin Price Going to 'Multimillion' Per Coin, Don't Sell at 100k!
Mar 14, 2024
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Larry Lepard discusses Bitcoin's potential value reaching 'multimillions' per coin, challenges with banks wanting USTs exempt from SLR, Bitcoin as mainstream sound money, Larry's shift from gold to Bitcoin, and the possibility of Bitcoin being taxed annually like physical property.
Bitcoin offers better risk-adjusted returns over gold, urging a shift in investment strategies.
Bitcoin's transformative potential can democratize wealth distribution, offering opportunities for all individuals.
Deep dives
Bitcoin and Gold Comparison and Investment Choices
Bitcoin and gold are discussed as sound money alternatives with different potential for returns. The speaker mentions pivoting towards Bitcoin due to its better risk-adjusted return and the endorsement of ETFs. Gold remains a solid choice for lower volatility and sound money requirements, especially for investors looking for a long-term store of value.
Bitcoin's Role in Reshaping Wealth Distribution and Opportunities
Bitcoin is highlighted as a transformative asset that can reshape wealth distribution and provide opportunities even for average hardworking individuals. The potential for Bitcoin to make the 'American Dream' attainable again is emphasized, offering a decentralized alternative to traditional financial systems and potential economic barriers.
Impact of Politics and Regulations on Bitcoin
The podcast delves into the evolving political landscape around Bitcoin, contrasting views from political figures like Trump and Biden. There are concerns about potential taxation and regulatory hurdles like unrealized gains taxing for Bitcoin. The discussion emphasizes the need for political restructuring to ensure the long-term success of Bitcoin and financial systems.
Understanding the Nature and Long-Term Potential of Bitcoin
The importance of deeply understanding Bitcoin's nature, embracing its volatility, and thinking long-term is emphasized. The speaker advises against selling Bitcoin during drawdowns, highlighting the historical trend of higher highs and higher lows. Encouragement is given to study Bitcoin extensively to navigate its price fluctuations and potential for long-term growth.
In this episode of the Coin Stories podcast with guest Larry Lepard, powered by Bitdeer Technologies Group (NASDAQ: BTDR), we discuss:
We live in a budget 'fantasy' world
Bitcoin becoming mainstream sound money
ISDA Letter - why do banks want USTs to be exempt from SLR?
A very subtle QE infinity
Larry shifting from gold to Bitcoin
A bailout ahead for CRE?
Will Bitcoin be taxed like physical property every year?
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Larry Lepard founded Equity Management Associates in 2006. EMA is an equity investment management firm investing in growing private and public companies around the world. The competitive CrossFit Masters Athlete and former pilot earned his MBA from Harvard and BA in economics from Colgate. Follow Larry on X https://twitter.com/lawrencelepard
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Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.
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