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
Negative interest rates in Japan
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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.