BREAKDOWN: Vijay Boyapati’s Four Mental Models for Valuing Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 18 November 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
From “Tulip Mania” to “the World’s Reserve Currency,” these valuation models show the full range of bitcoin’s long-term possibilities.
This episode is sponsored by Crypto.com and Nexo.io.
Vijay Boyapati’s “The Bullish Case for Bitcoin” is one of the most influential articles in the history of the industry – even being assigned reading from MicroStrategy’s Michael Saylor as he tried to convince his board on the merits of what would become its big bitcoin move.
In this conversation with NLW, Vijay discusses his recent thinking around four valuation frameworks that help us understand 1) how people see bitcoin’s upside potential and 2) the likely values they suggest for bitcoin. We also discuss why state-level attacks are Vijay’s biggest concern for bitcoin’s future.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Your conviction in Bitcoin is tested far more strongly in a bull market than it is in a bare |
| 0:06.6 | market. Being able to hold your Bitcoins in anticipation that this is going to become a reserve |
| 0:12.7 | currency is very, very difficult when the bitcoins you own move from a small fraction of your |
| 0:19.7 | savings to a meaningful number or a life-changing |
| 0:23.1 | number as it has for many people in the last 10 years. So prepare your body because it's a |
| 0:30.1 | wild, wild, right? And if you haven't been on one of these before, you'll experience what I'm |
| 0:35.3 | talking about. |
| 0:40.8 | Welcome back to The Breakdown with me, NLW. |
| 0:46.7 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:53.4 | The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by CoinDest. |
| 1:01.0 | What's going on, guys? It is Wednesday, November 18th, and today I am thrilled to share this conversation with Vijay Boyapati. Most of you will be familiar with Vijay, if nothing else, |
| 1:08.4 | for his essay, The Bullish Case for Bitcoin. This thing came out in 2018 is a 41-minute read |
| 1:17.1 | and is, I believe, at this point, the consensus best place to send someone who really wants |
| 1:24.5 | to understand a starting point in their journey around Bitcoin. |
| 1:29.1 | As some evidence of that, it has been voluntarily translated into now 20 languages. |
| 1:35.6 | It was something that Michael Saylor from Micro Strategy made all the people on his board read. |
| 1:40.8 | It is just a phenomenal starting point for understanding Bitcoin in the context |
| 1:46.3 | of monetary history. As we were recording this show, we were watching Bitcoin crush up through |
| 1:53.0 | 17,000 and then 18,000, and it's impossible not to feel the start of a new move happening. We're |
| 2:00.3 | finally seeing some of those |
| 2:01.8 | mainstream media articles that are coming in as Bitcoin approaches its all-time high. |
| 2:07.1 | And so what I wanted to do with this conversation was a few things. First, I wanted to look |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.