Podcasts: Why Buy Bitcoin 🔗 3 years ago

On this episode of Magic Internet Money, host Brad Mills invites Why Buy Bitcoin author Andy Edstrom onto the show to discuss the potential that Bitcoin has in the world of finance. The two open with a discussion about “number go up (NGU)” tech and Andy’s book. Brad asks Andy for his take on how institutional backing stands to benefit Bitcoin. Andy talks about debt structure and his experience in finance and how working with institutional players educated him with insight into how modern markets work. Finally, the two wrap up with a discussion about what governments at local and international levels are doing to handle the current economic situation.

Timestamps

00:00:07 - Intro

00:01:30 - Show start

00:05:50 - “NGU tech” and writing Andy’s book

00:10:22 - Institutional buyers and game theory

00:16:48 - Financial planning in an institution vs as an individual

00:24:10 - Bitcoin and equal opportunities

00:27:24 - Speculation on altcoin and bitcoin futures

00:37:40 - Balance in finance; staying diverse in turbulent markets

00:40:31 - Andy’s “worst investment ever” and “If I had 1000 bitcoin”

00:49:50 - Debt structure and Michael Saylor

00:57:40 - Newcomers to Bitcoin and risk

01:03:40 - Discussion about Andy’s book and time with crypto

01:07:40 - The Californian exodus and the politics of taxation

01:15:45 - “What could governments do?” Japanese central banking

01:22:11 - Speculation about institutional money holders

01:29:43 - Ethical case for Bitcoin

01:32:20 - Closing remarks

Links to Mentions in the Show

Why Buy Bitcoin

Swan Bitcoin

Michael Saylor

MicroStrategy

People leaving California

Negative interest rates in Japan

Find Andy Edstrom

Andy Edstrom

Andy Edstrom Twitter

Find Brad Mills

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto.

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.