Why Buy Bitcoin? With Andy Edstrom - WBD302
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 22 January 2021
⏱️ 87 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Tuesday 12th January Company: Swan Bitcoin Role: Head of Institutional Investment
Why buy bitcoin is a complicated question to answer. Bitcoin is many different things to different people. It is a censorship-resistant form of payment for those living under authoritarian regimes; for some, it is a hedge against inflation, while it is purely speculative for many others.
Even with Bitcoin adoption growing and maturing, the public perception of Bitcoin is still mixed. The mainstream media is somewhat to blame. It regularly pedals false narratives such as the funding of terrorism or Bitcoin being for drug dealers and network security that is melting the polar icecaps. As Bitcoiners we are used to dealing with this kind of FUD, Bitcoin has been declared dead hundreds of times, yet it continually bounces back.
So, why buy Bitcoin?
In this interview, I talk to Andy Edstrom, author of Why Buy Bitcoin. We discuss his investment thesis for Bitcoin, why Bitcoin continues to thrive and address the common misconceptions and FUD surrounding it.
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Transcript
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| 0:00.0 | The longer we spend doing this, the more we learn about it, the deeper down the rabbit hole we fall, |
| 0:06.0 | the more likely, or the clearer it seems, that this is a major, major |
| 0:13.2 | civilization inflection point. |
| 0:15.6 | Hello there from Bedford, the Bitcoin Mecca of the world. |
| 0:18.6 | How are you all? |
| 0:19.8 | Welcome to the What Bitcoin did podcast, |
| 0:21.7 | which is brought to you by the mighty Cracken, the best place to buy, sell |
| 0:24.8 | and trade Bitcoin. |
| 0:25.8 | I'm your host, Peter McCormack, and today I've got Andy Edstrom back on the show, |
| 0:30.2 | where we're going to be discussing the thesis behind his book Why by Bitcoin. |
| 0:34.6 | But before that I do have a message from my amazing show sponsors. |
| 0:38.0 | Okay today we're going to kick off with Block Vie the future of Bitcoin and |
| 0:41.1 | financial services. Have you checked out their big announcement yet? |
| 0:44.8 | I've been talking about this for a few weeks now. Blockfire is to launch a Bitcoin |
| 0:48.7 | rewards Visa credit card early this year. Something I've been massively excited about |
| 0:53.9 | because with this you can stack Sats |
| 0:56.2 | with every card purchase you make. |
| 0:58.1 | Very, very cool. |
| 0:59.8 | And with their card you will be able to earn |
| 1:01.8 | a market-leading 1.5% rewards on every card purchase. |
| 1:06.7 | The wait list registration is now open for all Blockfire clients so if you want to join the |
| 1:10.7 | priority waiting list then you just need to open up a Blockfire |
... |
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