Bankless 69 - Asking the Questions: BTC & ETH | Preston Pysh
Jun 14, 2021
Join Bitcoin investor and podcaster Preston Pysh as he bridges the gap between Bitcoin and Ethereum discussions. He tackles misconceptions and advocates for collaboration between the two communities. Discover insights on macro value investing, execution risks in crypto, and the evolving dynamics within the Ethereum landscape. Pysh also shares perspectives on governance, mining challenges, and the future of decentralized finance. With sharp contrasts drawn between the two leading cryptocurrencies, this conversation promises to reshape your view on the crypto ecosystem.
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Preston's Path to Bitcoin
- Preston Pysh's journey to Bitcoin began with Warren Buffett's value investing.
- Studying Ray Dalio's macro approach and long-term debt cycles shifted his perspective.
Dalio and Bitcoin
- Ray Dalio recognizes the fiat credit cycle's late stage but hasn't fully embraced Bitcoin.
- Pysh suggests stablecoin interest rates in DeFi could represent the true risk-free rate.
Crypto as the Last Free Market
- Crypto markets, with their volatility, might reflect true free market dynamics.
- Traditional markets, especially interest rates, are artificially suppressed by manipulation.