MI Rewind: Why Buy Bitcoin w/ Andy Edstrom

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 26 July 2024

⏱️ 95 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clay Finck chats with Andy Edstrom about why Bitcoin should be considered as a part of an investment portfolio, how Andy thinks about valuing Bitcoin as an investment, how investors can potentially keep themselves from ‘buying the top’ in Bitcoin, the 14 characteristics of money and how Bitcoin stacks up against gold and fiat currency, some of the common misconceptions around Bitcoin, and much, much more! Andy Edstrom, CFA, CFP is a wealth manager at Wescap Group and is Managing Director of Swan Advisor Services. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:00 - How Andy discovered Bitcoin and ended up buying it. 07:40 - Why investors should consider adding Bitcoin as a part of their portfolio. 07:40 - Why Bitcoin has a lot of potential to continue achieving very high returns. 26:13 - How Andy thinks about the value of Bitcoin today when buying it for his portfolio. 26:13 - How investors can potentially keep themselves from ‘buying the top’ in Bitcoin. 40:53 - Why it’s important to first understand money, what is good money versus what is bad money. 40:53 - What the 14 characteristics of money are. 58:17 - What is driving the continued growth in the adoption of Bitcoin in portfolios? 58:17 - Why El Salvador is embracing Bitcoin and what countries might be next. 01:18:01 - What makes Bitcoin different from all of the other cryptocurrencies? 01:18:01 - Why Bitcoin incentivizes the movement towards renewable and green energy. 01:27:12 - Why the US government is not likely to ban Bitcoin. 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 Swan Advisor Services. Andy’s book, Why Buy Bitcoin. Trade Bitcoin with Swan. Check out TIP’s Mayer Multiple and the Mayer Multiple Twitter Account. Square and Ark Invest’s Report, Bitcoin is Key to an Abundant, Clean Energy Future. Explanation of the Lindy Effect. Related Episode: Listen to MI032: Bitcoin, Cryptocurrencies, and Blockchain (Part 1) w/ Preston Pysh, or watch the video. Related Episode: Listen to MI044: Bitcoin, COVID-19, And Macroeconomics For Beginners Part 1 w/ Pomp, or watch the video. 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 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 re-sharing 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.
0:27.4	Everything going forward is from the original episode, and I hope you guys enjoy this one.
0:31.3	The first is, can they actually kill it?
0:34.6	And five years ago, maybe if all the governments of the world had united to kill
0:39.8	Bitcoin, maybe they could have. We're past that point. The network is so valuable and so distributed
0:45.3	and has so much economic activity built on top of it.
0:53.2	On today's episode, I sit down to chat with a very special guest, Andy Edstrom.
0:57.7	Andy is a wealth manager at Westcap Group and is managing director of Swan Advisor Services.
1:03.1	He's also the author of Why Buy Bitcoin, the only Bitcoin investment thesis published in book
1:08.8	format by a professional wealth manager.
1:11.3	Andy's opinions have been published in the Wall Street Journal and The Economist, and he is a frequent
1:16.1	guest on Bitcoin-focused podcasts.
1:18.9	During the episode, I chat with Andy about why Bitcoin should be considered as a part of an
1:23.3	investment portfolio, how Andy thinks about valuing Bitcoin as an investment, how investors can
1:28.7	potentially keep themselves from buying the top in Bitcoin, the 14 characteristics of money,
1:33.7	and how Bitcoin stacks up against gold and fiat currency, some of the common misconceptions
1:38.0	around Bitcoin, and a whole lot more. As a friendly reminder, nothing included in this podcast
1:43.1	is investment advice.
1:44.4	Please speak with your registered advisor prior to making financial decisions.
1:48.5	Annie brought a ton of value during our conversation.
	...

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