#469 Ric Edelman on RIAs Investing In Bitcoin

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 13 January 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ric Edelman is the chairman and co-founder of Edelman Financial Services, LLC, the author of several personal finance books and the host of a weekly personal finance talk radio show called The Ric Edelman Show. In this conversation, we discuss 60/40 portfolios, Bitcoin regulation, Federal Reserve actions, Bitcoin adoption among RIAs, and the new financial advisor certificate program Ric helped launch. ======================= The Stacks 2.0 mainnet is launching on January 14, 2021. Stacks, which you may recognize as Blockstack, is a layer-1 blockchain that uses the Bitcoin blockchain as a secure base-layer and enables developers to harness its power in new ways. Stacks makes Bitcoin more than digital gold, enabling apps and smart contracts on Bitcoin--unlocking innovation, new value, and a new way to earn BTC. Register for the mainnet event here: https://stacks2.com/ ======================= Coinbase Wallets are adding support for .crypto and .zil domains through their partnership with Unstoppable Domains. Unstoppable Domains provides an all-in-one solution for blockchain domains. You can send money using these new domains instead of long Bitcoin wallet addresses, while also storing your domain in Coinbase's collectibles section. Go to unstoppabledomains.com in the dapp browser to register and manage your domains. ======================= LVL is a new crypto investing platform that I'm an investor in. They allow anyone to trade an unlimited number of times per month for free. They have no trading fees and no spreads in the spot market. If you buy or sell more than $500 in Bitcoin on any exchange, you're spending too much on trading fees. Use LVL to save money and trade as many times you want. https://lvl.co/pomp =======================

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 to the Pomp
0:07.5	podcast, simply the best podcast out there. Let's kick this thing off. Rick Edelman is the chairman and co-founder of
0:14.3	Edelman Financial Services, the author of several personal finance books, and the host of a weekly
0:19.4	personal finance talk radio show
0:21.6	called the Rick Edelman Show. In this conversation, we discuss 6040 portfolios, Bitcoin
0:27.2	Regulation, Federal Reserve Actions, Bitcoin Adoption among RIAs, and the new Financial
0:33.0	Advisor certificate program Rick has helped launch. I really, really enjoyed this conversation with Rick, and I hope you do as well.
0:40.5	Before we get into this episode, though, I want to quickly talk about our sponsors.
0:44.2	First up is stacks.
0:47.1	Apps and smart contracts are coming to Bitcoin, along with a brand new way to earn Bitcoin.
0:52.6	Stacks 2.0 will give developers powerful new tools, including a smart contract language
0:57.3	called Clarity that was made for Bitcoin and jointly developed with Algaran, as well as a new
1:01.9	consensus mechanism that rewards the network with both Stacks tokens and Bitcoin.
1:06.4	Stacks, which you may recognize as Blockstack, unlocks new use cases and functionality for the world's
1:11.3	most secure blockchain Bitcoin without modifying Bitcoin itself. The door for developers and
1:16.5	entrepreneurs to activate the billions of dollars of capital currently passively held on Bitcoin
1:19.9	are now wide open. Proof of chance or POX is the groundbreaking consensus mechanism that
1:25.8	makes this all possible. POX connects the stacks consensus mechanism that makes this all possible.
1:32.3	POX connects the Stax blockchain to Bitcoin, opening up STX mining on the network, and enabling stacking where STX holders can earn regular Bitcoin rewards for supporting consensus.
1:37.9	Stacks, apps, and smart contracts on Bitcoin.
1:41.8	Go check them out.
1:42.9	Stacks the number two.com. Stacks2.com. Next up is
	...

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