Wealth Formula by Buck Joffrey

496: The Gold Bug Who Got Infected by Bitcoin

Mar 2, 2025
In this engaging discussion, Larry Leppard, managing partner at Equity Management Associates with over $60 million in assets, shares his journey from gold to Bitcoin. He delves into Bitcoin's historical volatility and its enduring appeal, especially among younger investors. The rise of institutional interest and the shifting dynamics of investment priorities are highlighted. Leppard also explores the advantages of Bitcoin over traditional assets and its potential as a hedge against economic uncertainty, urging listeners to embrace the new financial paradigm.
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ANECDOTE

Personal Journey into Bitcoin

Buck Joffrey shares his experience with Bitcoin, noting he first got involved in 2016. He emphasizes the significant corrections and recoveries he's witnessed since then.

ADVICE

Embrace the Volatility

Get used to Bitcoin's volatility and consider embracing it as a part of your investment strategy. It can provide opportunities for acquiring assets at lower prices during dips.

INSIGHT

Historical Volatility

Bitcoin has historically experienced significant price corrections, often followed by rapid recoveries. This pattern indicates a volatile but potentially rewarding investment landscape.

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