MTI112: BitCoin – Investment or Currency? (with Ashe Whitener)
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 11 November 2016
⏱️ 47 minutes
🧾️ Download transcript
Summary
Crypto-currency is as controversial as the recent Presidential election. Will it become the medium of exchange in the near future? Ashe Whitener, host of the Liberty Entrepreneurs Podcast, explains where Bitcoin came from and how it works. Interesting points: •
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Welcome to this week's episode of the Money Tree Investing Podcast. |
| 0:13.0 | Today, our guest is Ash Whitner with Liberty Entrepreneurs. |
| 0:18.0 | So it's a really cool podcast. |
| 0:20.0 | And if you're interested in learning more |
| 0:22.1 | about getting out there and being an entrepreneur and doing it in a freer way, in a freer society, |
| 0:29.5 | Liberty Entrepreneurs is for you. Welcome to the show today. Hey, thanks, Brenda. It's a pleasure to be here. |
| 0:34.9 | Yeah. So today we're going to talk about Bitcoin. I know that you use Bitcoin a lot. Why don't you start by giving our audience kind of a top level view of what |
| 0:44.1 | Bitcoin is? Yeah, I'll be glad to. You know, I was at FinCon with you this year and presented on |
| 0:50.9 | Bitcoin, and it was a very interesting opportunity for me because typically I speak |
| 0:55.9 | in front of tech people or scientists, computer scientists, or engineers, or people building |
| 1:02.6 | digital types of startups. And I'm able to talk about the blockchain and all sorts of the intricacies, |
| 1:12.9 | the technological intricacies of Bitcoin. |
| 1:18.4 | And it really was a good opportunity for me at FinCon because I wasn't talking to an engineering crowd. I was talking to a personal finance crowd. And Bitcoin is a revolution in personal finance |
| 1:25.1 | and the freedom of money. And I'll just take you back for just a second. |
| 1:29.7 | The date is January the 3rd, 2009. |
| 1:33.3 | And this is just after the global crash, the global stock market crash, |
| 1:38.0 | and the banks needed to be bailed out, |
| 1:40.0 | or maybe they didn't need to be bailed out, |
| 1:41.7 | but that's what happened. |
| 1:42.9 | And on January the 3rd, 2009, |
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