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The Bitcoin Frontier
Could bitcoin make Michael Saylor the richest man alive? with NYU Stern adjunct professor Tad Smith
Jan 21, 2025
Tad Smith, founder of Durable Money and former CEO of Sotheby’s and Madison Square Garden, delves into the world of Bitcoin and investment strategies. He discusses his innovative teaching methods at NYU Stern, sharing captivating case studies like Amazon. Tad sheds light on the volatile nature of Bitcoin and MicroStrategy, highlighting the challenges of asset valuation. He also explores the concept of a U.S. strategic Bitcoin reserve and emphasizes the need for careful risk assessment as Bitcoin reshapes capital allocation globally.
56:26
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Quick takeaways
- Tad Smith emphasizes the importance of teaching methods at NYU Stern, highlighting the effectiveness of the Socratic approach in fostering critical thinking and student engagement.
- The discussion on Bitcoin's volatility and risk underscores the necessity for investors to assess their risk tolerance before navigating the complexities of the cryptocurrency market.
Deep dives
Bitcoin as a Capital Magnet
Bitcoin is likened to a vacuum cleaner, assimilating capital from various sectors. This metaphor highlights the increasing trend of investments flowing toward Bitcoin, especially for individuals seeking higher returns in a volatile market. Investors are continuously drawn to Bitcoin's potential due to its unique properties, which defy traditional investment norms. This phenomenon suggests that as more investors gravitate toward Bitcoin, its value may appreciate significantly, leading some to see it as an alternative to established asset classes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode