Bitcoin Has Entered Phase 5 with PlanB, Jeff Booth & Preston Pysh - WBD257
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 4 September 2020
⏱️ 119 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 2nd September Company: Independent Trader, Entrepreneur & Author, The Investors Podcast Role: Bitcoin Quant Analyst, Independent & Host
When Plan released his revised Stock-to-Flow model as a Cross Asset Model (S2FX), he added a new concept: phase transitions. This revision to the model takes into consideration the evolution of Bitcoin's use and meaning, as such, from proof of concept to payments to e-gold to a financial asset.
Following the halving in May, many have speculated what the next transitional phase would be for Bitcoin, with the model predicting the price of Bitcoin potentially reaching $288K.
With Bitcoin being a provably scarce asset, in times of unprecedented money printing and fiat currency debasement, the bull case for Bitcoin is clear. However, in August, MicroStrategy sent a clear message to businesses everywhere, when in August they announced their purchase of 21,454 Bitcoin, over 1% of the total supply.
MicroStrategy CEO Michael Saylor said that they view Bitcoin as a "dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash". Other companies have started following MicroStrategy by holding Bitcoin within their treasury.
Could companies holding Bitcoin to protect their cash reserves be the next phased transition for Bitcoin?
In this interview, I talk to Bitcoin quant analyst & creator of the stock to flow model, Plan₿, author of The Price of Tomorrow Jeff Booth & author, engineer & the host of The Investor Podcast, Preston Pysh. We discuss how Bitcoin S2F is entering phase 5.
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Transcript
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| 0:00.0 | Once you have seen you cannot unsee so once you get it there's no way back. |
| 0:08.0 | Hello there from Bedford UK the Bitcoin Mecca of the world. |
| 0:13.8 | How are you all? |
| 0:14.9 | Welcome to the What Bitcoin did podcast, |
| 0:16.4 | which is brought to you by Cracken, |
| 0:17.7 | the best place to buy, sell on trade Bitcoin. |
| 0:20.2 | I'm host Peter McCormack, |
| 0:21.7 | and today I've got an absolute banger of a show. I am joined by Plan B, Jeff Booth and Preston Pish to talk about whether |
| 0:28.0 | Bitcoin is entering Phase 5 of Plan B's Stock to Flow model. But before before that I do have a message from my amazing show sponsors and make |
| 0:35.7 | sure you check them out. So first up today we have BlockFi, the future of Bitcoin and Financial Services, |
| 0:40.9 | now with BlockFi. You can open up an interest account and |
| 0:44.2 | start earning interest on your Bitcoin. I am a customer and I love a receive in my |
| 0:48.4 | interest every month and also |
| 0:55.0 | fund your Bitcoin as collateral you can take out a USD loan and you can also fund your BlockFi account |
| 0:57.0 | directly from your Bitcoin wallet. |
| 0:59.0 | And with the BlockFi mobile app you can now fully manage your account on the go. |
| 1:03.0 | With so much more coming this year, it's going to be another great year for the company. |
| 1:07.0 | They've raised another huge round, they really are kicking ass. |
| 1:10.0 | If you're interested in checking out BlockFi, I do recommend you do your own research, then head over to BlockFi.com, which is B-L-O-C-K-F-I-com. |
| 1:19.0 | Also, let's talk about Cracken and why they are the best place to buy, sell and trade Bitcoin. |
| 1:25.2 | Okay, so firstly, their world-class security makes them the most trusted cryptocurrency exchange |
| 1:31.0 | on the market and with their 24-7-365 customer support |
... |
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