We Study Billionaires - The Investor’s Podcast Network BTC011: Bitcoin & Traditional Finance w/ Andy Edstrom (Bitcoin Podcast)
Feb 3, 2021
Andy Edstrom, author of "Why Buy Bitcoin?" and a money manager focused on Bitcoin investments, shines a light on the regulatory hurdles fund managers face when advising clients on cryptocurrency. He discusses the ideal portfolio size for Bitcoin and tackles common fears surrounding its investment. The conversation dives into the rising interest in Bitcoin ETFs and the potential impact of its integration into traditional finance. Edstrom also shares insights on how corporate attitudes toward Bitcoin are shifting, signaling a broader acceptance in investment strategies.
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Market Disparity
- The NASDAQ's 43% growth in 2020 versus the S&P's 16% reflects a tech-driven market.
- This raises questions about stretched valuations and the longevity of growth stocks.
Manipulated Business Cycles?
- Preston Pysh proposes that post-2008, business cycles are shorter and manipulated, with rising nominal prices.
- Frequent market corrections followed by central bank interventions support this theory.
Bitcoin Compliance Concerns
- Many financial managers express compliance concerns when clients want to buy Bitcoin.
- They lack “safe” or compliant products and fear lawsuits, reveals Andy Edstrom.
