We Study Billionaires - The Investor’s Podcast Network BTC043: How to Value Bitcoin Mining with Mike Alfred (Bitcoin Podcast)
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Sep 15, 2021 In this engaging discussion, Mike Alfred, an entrepreneur and crypto data analyst, shares his journey from skepticism to becoming a Bitcoin advocate. He dives into how he values Bitcoin mining companies, the evolving Wall Street perspectives on Bitcoin, and the significance of El Salvador’s developments in the global economy. Mike also highlights common pitfalls entrepreneurs face and emphasizes the importance of understanding market dynamics, operational execution, and geographical advantages in maximizing Bitcoin’s investment potential.
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Early Investing
- Mike Alfred made $14,000 selling Cutco Knives and used it to start trading stocks.
- This experience sparked his interest in investing and business.
Investing as a Limitless Game
- Investing is a limitless intellectual game, unlike solvable games like poker or chess.
- This makes it a captivating pursuit for those who enjoy complexity and constant evolution.
Market Matters Most
- Focus on large, growing markets when starting a business, even if your idea isn't perfect.
- A mediocre business in a booming market has more potential than a great business in a small market.