MicroStrategy's Bitcoin Moonshot with Andy Edstrom
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 11 December 2020
⏱️ 82 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Thursday 10th December Company: Swan Bitcoin Role: Head of Institutional Investment
When MicroStrategy acquired $425 million of Bitcoin earlier this year, it sent a clear message to corporations everywhere, that Bitcoin is a valuable asset and can be a vital part of a company's treasury.
With an asset as volatile as Bitcoin, this move wasn't without its risks, however, just a few months after piling into Bitcoin, that $425 million is now worth around $750 million.
Now just a few months after first buying Bitcoin, company CEO, Micael Saylor is not happy with the company's 40,824 Bitcoin and now has plans to raise another $550 million to buy more.
In this interview, I talk to Andy Edstrom, the Head of Institutional Investment at Swan Bitcoin. We discuss MicroStrategy's Bitcoin moonshot, ETFs, mass awareness & adoption and the race for corporations to own Bitcoin.
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Transcript
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| 0:00.0 | This is the one asset in modern history where average people have had a shot at it |
| 0:06.3 | you know before companies and before hedge funds and before billionaires that that window may be ending. |
| 0:16.0 | Hello there from Bedford in the United Kingdom, the Bitcoin and Mecca of the world. |
| 0:20.3 | How are you all? |
| 0:21.6 | Welcome to the What Bitcoin did podcast which is brought to you by |
| 0:24.3 | the mighty cracken best place to buy itself and trade Bitcoin. I'm your host |
| 0:28.4 | Peter McCormack and today I've got a long overdue interview with Andy Edstrom |
| 0:32.0 | but we're not going to be discussing what we |
| 0:33.8 | originally planned no we are going to be discussing the micro strategy moonshot but before |
| 0:38.8 | that I do have a message from my amazing show sponsors Okay today we are kicking off with |
| 0:43.4 | Kasser who are without doubt the very best in Bitcoin security. Now security was |
| 0:48.6 | something I hadn't really dealt with in my first couple of years of |
| 0:51.9 | Bitcoin. I had a hardware wallet, you know, I backed up my private seed, but I was worried. |
| 0:56.7 | I was worried that something quite bad would happen. You hear all these stories of people losing all their Bitcoin, and I did not want that to happen to me. |
| 1:03.8 | So I reached out to Nick Newman, the CEO of Karsa and I was like Nick, come on man, let's get this sorted. |
| 1:09.6 | So I signed up. |
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| 1:15.2 | importantly my own stupid mistakes any kind of in-person attack device |
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| 1:30.0 | So with Karsa Gold, you get triple the security of a hardware wallet and that only cost $10 a month. |
| 1:35.6 | With Casa Platinum, what I have, you get their 3 or 5 Multisig, which is the best protection |
... |
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