Why Buy Bitcoin

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. Time Stamps (Condensed) 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