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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Bitcoin, Cryptocurrencies, and Blockchain Part 2 w/ Preston Pysh

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 31 May 2024

⏱️ 53 minutes

🧾️ Download transcript

Summary

Today’s show is part 2 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 00:41 - How Bitcoin works and the problems it looks to solve. 05:54 - Why a higher demand for Bitcoin indirectly makes the currency more secure and in turn a better store of wealth. 11:15 - How investors should think about educating themselves about Bitcoin. 15:05 - Why the adoption of a deflationary currency like Bitcoin will encourage people to think long term and invest more. 28:21 - How to value Bitcoin based on the stock to flow ratio. 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 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.

0:02.2

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 with a brand new episode.

0:27.5

Everything going forward is from the original episode, and I hope you guys enjoy this one.

0:31.6

In today's episode, Preston and I continue our conversation from last week's episode.

0:36.1

If you haven't already listened to

0:37.9

last week's show, I'd recommend you go back and listen to it before continuing on with this one.

0:43.6

Without further delay, let's jump into part two right where we left off.

0:47.3

You're listening to Millennial Investing by the Investors Podcast Network, where your host,

0:53.3

Robert Leonard, interview successful entrepreneurs,

0:56.0

business leaders and investors to help educate and inspire the millennial generation.

1:01.0

It's kind of hard to fathom, honestly.

1:12.1

And it's from someone who doesn't know a ton about Bitcoin, it's kind of hard to see why

1:17.3

it wouldn't be better than gold or why it wouldn't do all the things that you expect it to

1:22.0

do.

1:23.0

So yeah, I mean, I definitely agree with you.

1:25.7

Now let's talk about mining.

1:27.1

We've talked about blockchain. We've talked about

1:27.7

blockchain. We've talked about a couple different cryptocurrencies in Bitcoin. Let's have a

1:32.7

discussion about mining. What exactly is that? This one's hard. For somebody who's not

1:38.9

extremely technical to understand this, it's going to be hard to really kind of plow through it.

1:44.0

So let me just

...

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