The Bullish Case for Bitcoin With Isaiah Douglass
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 4 May 2021
⏱️ 52 minutes
🧾️ Download transcript
Summary
Today I'm joined by Isaiah Douglass, MBA, CFP®.
Isaiah is wildly knowledgeable (and passionate!) about Bitcoin.
He's also very optimistic about its future.
I have more questions than answers, so I brought him on the show to share his perspective + challenge my thinking.
I asked him questions such as:
- Why should we trust that 10-years of Bitcoin data is sufficient?
- Is Bitcoin a speculative investment?
- What are the best-case and worst-case scenarios for Bitcoin? ...and more!
If you're wondering if Bitcoin will "pop" like the dot-com bubble or if it belongs in your investment portfolio, this episode is for you.
Transcript
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| 0:00.0 | So Bitcoin is free and open. |
| 0:01.8 | It's for the people by the people to where no one controls it. |
| 0:04.6 | And it is verified and then trust versus just putting the full faith and trust into, you know, |
| 0:10.6 | a government entity to do whatever they feel like is right. |
| 0:16.0 | Welcome to the Stay Wealthy podcast. |
| 0:18.1 | I'm your host, Taylor Schulte. |
| 0:19.1 | And today we're going down the Bitcoin |
| 0:21.1 | rabbit hole with friend and fellow financial planner Isaiah Douglas. Isaiah is wildly knowledgeable and |
| 0:27.7 | passionate about Bitcoin. He's also very optimistic about its future. And because I still have |
| 0:34.5 | more questions than answers, I brought him on the show to share his perspective |
| 0:38.5 | and to challenge my thinking. I asked him questions like, why should we trust that 10 years of |
| 0:44.5 | Bitcoin data is sufficient? Is Bitcoin a speculative investment? What's the actual utility of Bitcoin |
| 0:51.9 | and more? So if you're still trying to figure out if this asset class is going to pop like the dot |
| 0:56.9 | com bubble or if it belongs in your long-term investment portfolio, today's episode is for |
| 1:02.9 | you. |
| 1:03.5 | For all the links and resources mentioned, including links to five of Isaiah's favorite Bitcoin |
| 1:09.3 | resources, head over to you stayy.com forward slash 107. |
| 1:18.9 | So like I mentioned, where I want to start this, earlier this year, I made a comment on the |
| 1:23.1 | podcast and I recently shared the same comment with you, which was, I'm getting frustrated. |
| 1:27.8 | I have been getting frustrated with the Bitcoin crowd using 10 years of return data, which is kind of essentially all we have, to suggest that Bitcoin should be part of a diversified portfolio based on how well it's performed over those 10 years. |
| 1:41.2 | And I made the point on the podcast that not only is 10 years to me, a very |
| 1:46.2 | short time period compared to 100 plus years of stock market data, but you could literally |
... |
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