Value Investing and Bitcoin with Peter Doyle - WBD345
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 7 May 2021
⏱️ 66 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Wednesday 21st April Company: Horizon Kinetics Role: Co-Founder & MD
Value investing is a simple but highly effective strategy used by some of the world's most renowned traders, most notably Warren Buffet. These investors hunt out stocks that they believe to be trading below their true value. The theory is that the market overestimates both good and bad news, which means stock or asset prices can swing wildly askew of their actual value, and they then look to capitalise on this by buying cheap and holding for the long term.
It is easy to argue that Bitcoin fits perfectly into this category. If you believe that Bitcoin has the potential to become the world's premier store of value and absorb a large portion of gold's market cap, then at a $1trillion market cap, bitcoin seems massively undervalued. However, many value investors, including Buffet, refuse to accept Bitcoin.
Peter Doyle is a value investor who believes that bitcoin has a crucial role in our future. Not only just as a store of value and a hedge against inflation but also as a way of removing monetary policy decisions from the central bankers and politicians.
In this interview, I talk to Peter Doyle, the Co-Founder and MD of Horizon Kinetics. We discuss the risks of high inflation, value investing in the current macro environment and why the world needs Bitcoin.
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Transcript
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| 0:00.0 | There's not many asset classes that could save you the way that Bitcoin 10 and I think people are just lazy and they're not paying attention to what's happening. |
| 0:12.0 | Hello there from El Salvador, the Bedford of Latin America, how are you all doing? |
| 0:17.0 | Are you crushing it? |
| 0:19.0 | You having a good week? |
| 0:21.0 | Looks like Bitcoin is ranging. Looks like we're preparing for another leg up. |
| 0:25.6 | Ignore those spiky eith heads telling you about ultrasound money is all bullshit. |
| 0:29.8 | Just focus on Bitcoin. |
| 0:31.8 | Anyway, welcome to the What Bitcoin did podcast which is brought to you |
| 0:35.2 | by Gemini and Yorkshire tea. I'm your host Peter McCormack and today I've got an interview |
| 0:39.9 | with Peter Doyle but before that I do have a message from my amazing show sponsors. |
| 0:44.0 | And today we kick off with Exodus Wallet, who I am using as my mobile and desktop wallet for |
| 0:48.8 | Bitcoin. And somebody asked me why I'm using Exodus wallet and as you know I was |
| 0:55.0 | de-banked. Lloyd's bank cut me off. They closed all my bank accounts down. |
| 0:59.3 | But it doesn't matter because I have been increasingly using Bitcoin to run my business and I am actually |
| 1:04.7 | thinking about how can I do this for Bitcoin? How can I go for Bitcoin for the business? |
| 1:09.8 | Something I would definitely be investigating. But when next to this wallet, reach out to me. |
| 1:14.1 | They said, can we sponsor the show? |
| 1:15.3 | I had to play with the wallet. |
| 1:16.5 | I was like, this is everything I need. |
| 1:18.2 | I can do all my incoming and outgoing Bitcoin, |
| 1:21.2 | and I can record what it's for, I can give it to my accountant and have all |
| 1:24.4 | the information she needs. I love the wallet the U.S. crushes it but if you want to |
... |
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