Hedgeye Podcasts Hedgeye NexGen: Building Wealth for Young & New Investors | Episode 16 | Bitcoin
May 31, 2025
Dive into the fascinating world of Bitcoin, where its evolution from skepticism to a sought-after investment is unveiled. Learn how Bitcoin's immutable supply contrasts with inflationary pressures on traditional assets like gold and currency. Discover why nations are embracing Bitcoin, including El Salvador's historic decision to adopt it as legal tender. Explore the transformative potential of decentralized finance and how Bitcoin can reshape investment strategies while navigating a currency-challenged landscape.
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Episode notes
Ishmael Asad's Bitcoin Introduction
- Ishmael Asad first heard about Bitcoin in 2016 or 2017 through a friend's sketchy story involving online payments in Bitcoin.
- Initially, he perceived Bitcoin as a dark web currency and stayed away from it.
Bitcoin's Fixed Supply Drives Scarcity
- Bitcoin's value is driven by its fixed supply of 21 million coins, with mining inflation halving every four years.
- This controlled supply creates scarcity, likened to digital gold, driving its store of value proposition.
Bitcoin's Rapid Market Growth
- Bitcoin's market cap is about $2 trillion, making it larger than many corporate giants like Alphabet and Meta.
- It has grown rapidly in 16 years compared to gold's $17 trillion over thousands of years.
