How Much Does the Public Know About Bitcoin? with Esther Vlessing
Thanks for watching another episode of Magic Internet Money.
This week, we conducted a survey with one of North America's leading surveying companies, Hotspex.
In this podcast we sit down and analyse the results with the Hotspex Associate Director, Esther Vlessing who shared some intricate and interesting opinions on the show.
Hotspex was ‘Voted A Top Global Insights Innovator’ 6 Years in a Row.
(2014, 2015, 2016, 2017, 2018, 2019)
An article analyzing the survey can be found here for Brad’s personal opinions on the results.
Hope you enjoyed this week’s episode with Esther Vlessing, you can find out more about hotspex here:
Survey Questions Discussed:
Hypothesis
A wealthy person gives you $10,000, what do you invest in?
Instinctively without googling, what do you think the US Dollar is backed by?
What do you think the US National Debt is?
How do you think USD has performed as a store of value over the past 100 years?
Would you be surprised to hear that the USD has lost 96% of its purchasing power over the last 100 years?
If you adjust for the drop in purchasing power of USD, what do you think the return would be?
What do you think creates the new USD?
What type of entity do you think the US Federal Reserve is?
Without googling, who do you think controls bitcoin?
Do you consider yourself knowledgeable about what bitcoin is?
Which asset do you think has been a better investment over the past 10 years compared to bitcoin?
If all the cash in the world is worth $80Trillion, all the gold is worth $8 Trillion, all real estate is worth $200 Trillion, what do you think all the bitcoin in the world is worth?
Do you trust banks?
If bitcoin succeeds as the electronic money of the internet, do you think it could ever increase in price 50x to be worth the same amount as gold? ($8 Trillion)
Conclusion
Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech
Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of bitcoin & all cryptocurrencies by satoshi nakamoto.
Brad Mills is a partner at Xsquared Ventures. All opinions expressed by Brad & his guests do not reflect the opinions of Xsquared Ventures or Xsquared Ventures Management. Investing in cryptocurrencies is high risk and can get you rekt, do not treat any opinion expressed on this show as investment advice, but only as an expression of Brad’s opinion. This podcast is for informational purposes only. Do not attempt to HODL without doing your research first.