The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Why Buy Bitcoin w/ Andy Edstrom

9 snips
Jul 26, 2024
Andy Edstrom discusses why Bitcoin is a valuable addition to investment portfolios, how to evaluate its worth, potential strategies to avoid market peaks, and Bitcoin's comparison to gold & fiat. Topics include the 14 characteristics of money, El Salvador's adoption of Bitcoin, and the US government's stance on cryptocurrency.
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ANECDOTE

Andy Edstrom's Bitcoin Journey

Andy first discovered Bitcoin while listening to a podcast in 2013 but ignored it. He began his research in 2017, leading to his first purchase during the Bitcoin Cash hard fork.

INSIGHT

Bitcoin as a Portfolio Asset

Bitcoin is the best-performing major asset in history and uncorrelated with most asset classes. Adding Bitcoin to a portfolio can increase total returns and reduce volatility.

ADVICE

Allocating Bitcoin in Portfolios

Consider allocating about 5% of various risk-level portfolios to Bitcoin. This allocation serves different roles based on risk: as a growth asset or as a hedge against inflation.

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