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Mind of Micah

Read, Pt. 4: Welcome to the Church of Bitcoin

Mind of Micah

MWBK Creative

Comedy

4.51.1K Ratings

🗓️ 28 July 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

Thousands gathered in Miami to talk about the OG cryptocurrency — but instead of your typical finance conference, it had the feeling of a fringe religious event. Subscribe to Micah's Newsletter: micahwiener.substack.com Read the piece: www.rollingstone.com/culture/cultur…hurch-1194744/

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, and welcome to Mind of Micah today is part four of Micah's Read of the Week

0:09.9

about Bitcoin 2021, the world's largest cryptocurrency conference in history, allegedly.

0:18.8

Parts one through three have been very entertaining.

0:20.9

Go back and listen to it.

0:22.3

Also check out Micah's Read of the Week the Newsletter, I won't plug it again, but you know

0:28.2

Mondays was the 52nd weekly edition, we've done it very year, I appreciate the support.

0:35.1

And of course check out Backdoor Cover, all right on to the conclusion.

0:40.3

The only person I speak to at the conference who does not yet it own Bitcoin is Mark, a

0:45.6

gregarious security guard who's been hired to keep an eye on the luxury watches that a

0:49.9

booth called the Timepiece Gentleman.

0:53.7

But he too may soon consider buying Bitcoin and observing the number of six figure watches,

0:59.1

which is booth is sold just this morning.

1:01.5

It seems like everyone aside from him has already gotten rich off of it.

1:05.1

Mark fears however that he might be late to the game.

1:08.8

It seems like everyone has it he says, I'm like the only one without it.

1:14.9

The majority of people at the conference tell me they got into Bitcoin around 2018, around

1:19.2

when the price hit $20,000 and it catapulted into the mainstream consciousness.

1:27.1

But some like Zara, a dark eyed former Macy's manager, I speak with who lives in between

1:33.1

Miami and her home country and Jamaica have begun investing more recently.

1:38.3

When she saw a 401k dwindle at the pandemic's outset in 2020, Zara took out the bulk of

1:44.3

her savings and invested directly in Bitcoin.

1:46.9

It was an easy decision, she was already skeptical of fiat currency from her experiences with

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