BTC176: Bitcoin and Traditional Finance in 2024 w/ Jim Crider (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 3 April 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim Crider explores Bitcoin's impact on culture, future financial strategies, and the essence of money, highlighting its role in investment vs. speculative cycles, and ETF strategies. He also addresses financial planning with Bitcoin for different life stages, emphasizing the importance of understanding money beyond its face value. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:29 - The key aspects of Bitcoin that most people overlook and why they're crucial for understanding its value. 12:38 - How to educate clients on the true essence of money, combining its technical definition with its value-based aspects. 17:04 - How Bitcoin is expected to influence cultural and societal norms in the next two decades. 32:41 - Financial planning opportunities with Bitcoin for young families and retirees, highlighting commonly overlooked advantages. 36:57 - Strategies for integrating Bitcoin into fixed income portfolios to prepare for future financial shifts. 58:04 - The distinction between speculative and investment cycles in the context of Bitcoin and broader financial markets. 01:06:03 - The differences and benefits of in-kind versus cash creation in ETFs, and the implications for investors. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Jim Crider's Twitter. Jim Crider’s Financial Advisory firm: Intentional Living. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota TurboTax Fidelity Meyka NDTCO Fundrise iFlex Stretch Studios Public NerdWallet American Express Shopify NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.2	On today's show we have Mr. Jim Crider who's a traditional money manager and fellow
0:19.2	Bitcoiner to talk to us about all things that are currently changing in the industry.
0:23.8	As many have seen, the traditional financial world is starting to come to grips with the power
0:28.0	of Bitcoin and what it might mean from a portfolio sizing and custody standpoint.
0:33.0	As you'll see in the interview, Jim is such a clear and practical thinker and it's such a pleasure to hear from him.
0:39.2	This is definitely an interview that you'll want to share with people that are maybe just figuring
0:42.7	out Bitcoin for the first time and without further delay here's my chat with the
0:47.2	thoughtful Mr Jim Crider.
0:50.3	Celebrating 10 years, you are listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:59.0	Now for your host, Preston Pish. Hey everyone, welcome to the show. I'm here with Jim Crider and good friend and somebody that I've had the opportunity to get a note to know a lot better here in the past year.
1:21.6	I'm thrilled to have this conversation with you and just let's jump into it. What do you think?
1:29.0	Let's do it. I'm excited. I have listened to you and Stig for eight, nine years.
1:35.0	Wow, you were early.
1:37.4	Yeah, first podcast ever found.
1:39.8	It's getting a little scary to me that like we're approaching this decade mark to be quite
1:44.0	honest with you Jim it's a little scary to think we've been doing it that long but
1:47.8	because it feels like we just kind of started doing this but anyway I want to start off
1:52.4	with a quote that you had on Twitter, because I think this kind of is something that I deeply agree with, empathize with, I don't even know if that's the right word.
2:03.4	You said, I'm playing chess while others are playing checkers.
	...

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