We Study Billionaires - The Investor’s Podcast Network BTC221: Bitcoin Self-Repaying Mortgage Products w/ CJ Konstantinos (Bitcoin Podcast)
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Feb 12, 2025 CJ Konstantinos, the founder of People's Reserve, dives into innovative Bitcoin-backed financial products, including self-repaying mortgages. He shares his personal journey into Bitcoin and highlights how these loans can revolutionize real estate lending. The conversation touches on the challenges of navigating regulations and how Bitcoin can serve as the internet economy's reserve asset. Additionally, CJ discusses the transformative potential of Bitcoin bonds and the future with traditional banking as cryptocurrency becomes mainstream.
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The Accidental Bitcoin Investor
- Preston Pysh shares a story about a man whose difficulty buying marijuana led him to Bitcoin.
- The man bought Bitcoin to purchase marijuana on the dark web, becoming an accidental early adopter.
From Trading to Mining
- CJ Konstantinos learned about Bitcoin in 2013 from Jeff Berwick and initially focused on trading.
- After experiencing losses, he delved into mining, even building his own rigs, which led to a deeper understanding of the protocol.
The Halving's Impact
- The Bitcoin halving significantly impacts miners by cutting their profits in half.
- It forces miners to become more efficient or risk becoming unprofitable, similar to a sudden decrease in gold mining output.