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Millennial Investing - The Investor’s Podcast Network
MI Rewind: Why Buy Bitcoin w/ Andy Edstrom
Jul 26, 2024
01:39:32
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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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Quick takeaways
- Bitcoin offers potential for high returns in portfolios.
- Understanding money is crucial when evaluating Bitcoin.
Deep dives
Adoption of Bitcoin as Legal Tender in El Salvador
El Salvador's decision to adopt Bitcoin as legal tender has sparked interest globally. The move aims to address issues with the country's currency, inflation, and limited acceptance. By using Bitcoin alongside the US dollar, El Salvador can potentially gain more monetary independence.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode