#249: Preston Pysh Explains Why Bitcoin's Volatility is a Feature, Not a Bug

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 24 March 2020

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

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Summary

Preston Pysh is a financial investor the host of the podcast, We Study Billionaires. In this conversation, Anthony and Preston discuss his past as a former Apache helicopter pilot, the current liquidity crisis, stock-to-flow model, the Fed's monetary stimulus plans, the proposed digital dollar for UBI, how currencies have historically failed, and why Bitcoin's volatility is a feature, not a bug. =============================== CRYPTO.COM-----The only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link http://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. TAXBIT-----Refund-maximizing, cryptocurrency tax software you can depend on. Visit taxbit.com/invite/pomp and receive 10% off your tax plan today by signing up for a free trial. LEDGER----- Ledger hardware wallets empower you to optimally secure, own and control your crypto. Visit ledger.com and give yourself peace of mind by knowing that your cryptocurrencies are safe.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening
0:04.5	Off the Chain, simply the best podcast in crypto. Let's kick this thing off.
0:10.6	Preston Pish is a financial investor and one of the most well-read individuals I know. He's a former
0:17.3	Apache helicopter pilot and the current host of the podcast, We Study Billionaires.
0:22.7	In this conversation, we discussed the current liquidity crisis, the stock to flow
0:27.5	model for Bitcoin, the Fed's monetary stimulus plans, the proposed digital dollar for
0:33.2	UBI, how currencies have historically failed, and why Bitcoin's volatility is a feature, not a bug.
0:40.0	I really enjoyed this conversation with Preston, and I think you will as well.
0:44.2	But before we get into the episode, I want to talk about our three sponsors.
0:48.2	The first is crypto.com.
0:50.3	They're an all-in-one platform that allows you to buy, sell, store, earn, loan, and invest
0:55.4	crypto all from one place.
0:57.6	You can join over 1 million users to buy, sell, store, earn, loan, and invest crypto in the
1:02.4	crypto.com app.
1:03.7	That's right, they've got a mobile app.
1:05.3	Go download it now, and you can earn 50 US dollars with my code, P Pomp 2020 or use the link in the description when
1:12.2	you sign up for one of their metal cards today. The metal cards are a visa car. They're
1:17.3	integrated with mobile payments that are now available for that visa card in the United States.
1:23.4	You can pay in a fast, easy, and secure way with Apple, Google, Samsung Pay.
1:28.4	It will work with most of the devices used every day and card details are never stored on your devices.
1:33.1	So head on over to crypto.com and use my code Pomp 2020.
1:39.1	They've also recently added Tazos to their crypto.com earned product, which allows you to get paid interest
	...

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