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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Bitcoin, Cryptocurrencies, and Blockchain Part 1 w/ Preston Pysh

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 24 May 2024

⏱️ 52 minutes

🧾️ Download transcript

Summary

Today’s show is part 1 of a two-part series all about Bitcoin, other cryptocurrencies, and blockchain technology with TIP’s Co-Founder Preston Pysh. Preston is a graduate of West Point and Johns Hopkins University, the founder of BuffettsBooks.com, and Co-Founder/Co-Host of We Study Billionaires by The Investor’s Podcast Network. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 05:16 - What Bitcoin, cryptocurrencies, and blockchain are. 10:43 - Why we need an alternative currency that isn’t the US Dollar. 32:31 - How to value an asset such as a cryptocurrency. 50:25 - Why the most common argument against Bitcoin is inaccurate. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Experts to Follow: Plan B, Trace Mayer, Caitlin Long, Adam Back. Plan B’s white paper: Modeling Bitcoin’s Value w/ Scarcity. Recommended Book: The Bitcoin Standard by Dr. Saifedean Ammous. Check out the books mentioned in the podcast 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 Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. 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: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.2

Hey guys, on today's show, we're resharing some of my favorite episodes from the past for a few reasons. First, we get a lot of new listeners each week, so new listeners may never have heard this episode before. Two, even if you've been listening for a while, you may have missed it when it first came out. And three, even if you've heard it before, it can be a great episode to reinforce your learning.

0:21.6

If you're not interested in this episode, no worries, you can pick back up with us next week

0:25.9

with a brand new episode. Everything going forward is from the original episode, and I hope you guys

0:30.7

enjoy this one. Today's show is a special one for a few reasons, mainly because I bring back

0:36.0

Preston Pish, who's the co-founder of the Investors

0:38.6

Podcast Network, but also because this is going to be the first two-part episode here on

0:44.2

millennial investing. Preston and I's conversation ran long, so I decided to split it up into

0:49.8

two episodes. This episode will be part one, and next week's episode will be part two, where we

0:55.4

continue the conversation. In this episode, we talk about topics that are very popular these

1:00.7

days, and I know a lot of people are interested in them, but we haven't yet covered them on the show.

1:05.7

And so today, we'll be talking all about Bitcoin, blockchain, and other cryptocurrencies.

1:12.1

You'll hear throughout this conversation that I'm very honest and upfront that I personally

1:15.9

know nothing about these topics.

1:18.0

If you're new to it all and it seems confusing and even a bit overwhelming, I'm right

1:22.5

there with you.

1:23.9

I even tell a story in the episode about how I bought a Bitcoin a few years ago, but I had

1:29.1

to sell it a few days later because I literally felt sick. I didn't understand it and I just

1:34.0

wasn't comfortable owning it. I couldn't sleep well at night. So if you're like me and you

1:38.9

enjoy the content, but it's a bit heavier technical, don't be afraid to go back and listen

1:43.8

to it again and again

1:45.1

and again, if you have to. I've already listened to this entire conversation about three or four

...

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