MI152: 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

🗓️ 22 March 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 09:48 - 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. 23:45 - Why Bitcoin should be considered separately from all other digital assets from an investment standpoint. 29:00 - Why decentralization and network effects are critical aspects of Bitcoin’s value proposition. 41:07 - Chris and Jack’s thoughts regarding common criticisms of Bitcoin. 44:24 - Things happening in the Bitcoin space that makes 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. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Check out the Bitcoin First Whitepaper. Check out Fidelity Digital Assets’ Website. Follow Fidelity Digital Assets on Twitter. Related WSB Episode: BTC064: Bitcoin and Fidelity's Director of Global Macro Jurrien Timmer. Related Episode: MI128: Why Buy Bitcoin w/ Andy Edstrom. Are you a looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Fidelity Digital Assets: Website | Twitter Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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

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0:00.0	You're listening to TIP.
0:02.7	Someone can come along and completely copy Bitcoin's code.
0:06.3	It's open source, right?
0:07.8	So they've made another Bitcoin that's just as decentralized or secure, or in theory,
0:12.3	could be, right?
0:13.5	But in practice, it's not because of network effects.
0:16.3	And so it's the example that we give, you know, I could copy Wikipedia's code,
0:20.0	but my Wikipedia wouldn't
0:21.0	be nearly successful because why would people have an incentive to jump to mine when it's
0:25.1	exactly the same?
0:29.6	On today's episode, I'm joined by Chris Kuyper and Jack Newrider from Fidelity Digital Assets.
0:36.0	Together, Chris and Jack wrote the brilliant Bitcoin-first
0:39.0	white paper, which outlines why investors need to consider Bitcoin separately from other digital
0:44.0	assets. I wanted to get the two of them on the show to talk about why Fidelity put so much
0:49.3	emphasis on Bitcoin and what they are seeing in terms of adoption with the services they offer.
0:54.9	During our conversation, I chat with Chris and Jack about why Fidelity chose to offer services
0:59.6	for Bitcoin only and none of the other digital assets.
1:03.2	Why Bitcoin should be considered separately from all the other digital assets from an investment
1:07.5	standpoint?
1:08.7	Why decentralization and network effects are critical aspects
1:12.2	of Bitcoin's value proposition, Chris and Jack's thoughts regarding common criticisms of Bitcoin,
1:18.0	things happening in the space that make them most excited about its future going forward
	...

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