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The "What is Money?" Show

WiM004 - The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network

The "What is Money?" Show

Robert Breedlove

Money, History, Cryptocurrency, Finance, Investing, Breedlove, Bitcoin, Rabbit Hole, Robert Breedlove, What Is Money, Education

4.8724 Ratings

🗓️ 21 December 2020

⏱️ 108 minutes

🧾️ Download transcript

Summary

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.

Transcript

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0:00.0

Technologies that are dominating today,

0:05.0

they're dominating because they're able to deliver force,

0:12.0

faster, harder, stronger, smarter.

0:20.0

So if we ask the question, what is money?

0:23.0

Money is the highest form of energy that human beings can channel.

0:31.3

Bitcoin is channeling human ingenuity into making it better.

0:38.3

And every commodity is channeling human energy into making it worse.

0:46.3

The low-brow or the historic colloquial term is hodal,

0:53.3

right? Hold on for dear life or just hold it or save whatever.

0:57.0

And the highbrow term would be adopt as a Treasury Reserve asset.

1:05.0

Hey guys, so as you learned by watching the What is Money Show, Bitcoin is the single most important asset

1:13.0

you can own in the world today. And so this begs the question, which I'm often asked,

1:17.4

how does one build their Bitcoin position? And the strategy really is simple. I suggest first

1:23.5

you decide on an initial portfolio percentage allocation and a target portfolio percentage

1:29.5

allocation.

1:30.8

Go ahead and establish the initial position with a one-time buy and then start dollar cost

1:35.7

averaging towards your target portfolio percentage.

1:39.7

And you can also compliment this by buying Bitcoin price dips to further increase that position and reduce your cost basis.

1:47.0

And finally, I suggest to everyone to take custody of their Bitcoin, to move all of their Bitcoin into self-sovereign custody.

1:55.0

Because again, Bitcoin left on an exchange is not Bitcoin. It's a Bitcoin IOU.

1:59.0

And for those of you living in the U.S., there's no better

2:01.9

choice than Swan Bitcoin to do all of the above. So Swan lets you set up automatic recurring

...

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