AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Intrinsic Value Podcast - The Investor’s Podcast Network
MI032: Bitcoin, Cryptocurrencies, and Blockchain Part 1 with Preston Pysh (Investing Podcast)
Mar 18, 2020
Preston Pysh, co-founder of the Investors Podcast Network and an expert in value investing and cryptocurrencies, dives deep into the world of Bitcoin and blockchain. He explains the principles of cryptocurrency and emphasizes Bitcoin’s decentralization. The discussion highlights Bitcoin's unique scarcity and its market cap compared to traditional assets. Preston also shares insights on the economic dynamics of Bitcoin, including the stock-to-flow model and the impact of inflation, while contrasting it with other cryptocurrencies. A thought-provoking exploration!
47:42
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Bitcoin's value is fundamentally rooted in its scarcity, with a fixed supply of 21 million units contrasting sharply against inflationary fiat currencies.
- The network effect plays a crucial role in Bitcoin's long-term success, as increased user adoption enhances its utility and drives further innovation.
Deep dives
Introduction to Bitcoin and Blockchain Concepts
Bitcoin and blockchain technology are defined as digital assets and decentralized systems that facilitate secure transactions. The uniqueness of blockchain lies in its ability to create digital scarcity, allowing ownership of items, such as currencies, to be limited to specific individuals securely. This contrasts with traditional digital items, which can be easily copied and shared. Understanding that Bitcoin operates on a fixed supply of 21 million units introduces a concept of value based on scarcity, which underlines why Bitcoin is increasingly recognized in financial markets.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode