MI Rewind: Bitcoin First and Fidelity Digital Assets w/ Chris Kuiper & Jack Neureuter

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 14 July 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this MI Rewind episode, Clay Finck chats with Chris Kuiper and Jack Neureuter about Fidelity and Bitcoin, decentralization and network effects, and much more! Chris Kuiper is the Director of Research at Fidelity Digital Assets and Jack Neureuter is the Research Analyst at Fidelity Digital Assets. Together they wrote the Bitcoin First White Paper which outlines why investors need to consider bitcoin separately from other digital assets. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 06:56 - Why Fidelity chose to offer services for Bitcoin only, and none of the other digital assets. 13:47 - Why institutions are interested in buying Bitcoin for their company’s balance sheet. 16:59 - Chris and Jack’s thoughts regarding common criticisms of Bitcoin. 19:45 - Why Bitcoin should be considered separately from all other digital assets from an investment standpoint. 28:08 - Why decentralization and network effects are critical aspects of Bitcoin’s value proposition. 44:24 - Things happening in the Bitcoin space that make Chris and Jack most excited about its future. 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. Check out the Bitcoin First White Paper. Related WSB Episode: Listen to BTC064: Bitcoin and Fidelity's Director of Global Macro Jurrien Timmer, or watch the video. Related Episode: Listen to MI128: Why Buy Bitcoin w/ Andy Edstrom, or watch the video. NEW TO THE SHOW? 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 Connect with Fidelity Digital Assets: Website | Twitter Connect with Clay: Twitter 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	On today's show, we've started to reshare some older episodes that are my favorite for a few
0:07.5	reasons.
0:08.6	One, we get a bunch of new listeners each week, so the new listeners may not have heard this
0:13.2	episode before.
0:14.6	Two, even if you've been listening for a while, you may have missed this episode when it
0:19.2	originally came out.
0:22.5	Or three, even if you've heard it before, it can be a great episode to learn from again. If you've already heard this
0:27.2	episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that,
0:31.7	and you can pick up with our new episodes next week. All right, guys, that's all I had for you
0:36.5	for this new intro. Everything going forward
0:39.3	is going to be from the original show. Hope you guys enjoy it. Someone can come along and
0:46.9	completely copy Bitcoin's code. It's open source, right? So they've made another Bitcoin that's
0:52.2	just as decentralized or secure, or in theory, could
0:55.3	be, right?
0:56.2	But in practice, it's not because of network effects.
0:59.0	And so it's the example that we give, you know, I could copy Wikipedia's code, but my
1:03.1	Wikipedia wouldn't be nearly successful because why would people have an incentive to jump
1:06.7	to mine when it's exactly the same?
1:12.3	On today's episode, I'm joined by Chris Kuyper and Jack Newrider from Fidelity Digital Assets.
1:18.7	Together, Chris and Jack wrote the brilliant Bitcoin-first white paper, which outlines why investors
1:23.9	need to consider Bitcoin separately from other digital assets.
	...

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