Technology
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.Timestamps00:00:07 - Intro00:01:30 - Show start00:05:50 - “NGU tech” and writing Andy’s book00:10:22 - Institutional buyers and game theory00:16:48 - Financial planning in an institution vs as an individual00:24:10 - Bitcoin and equal opportunities00:27:24 - Speculation on altcoin and bitcoin futures00:37:40 - Balance in finance; staying diverse in turbulent markets00:40:31 - Andy’s “worst investment ever” and “If I had 1000 bitcoin”00:49:50 - Debt structure and Michael Saylor00:57:40 - Newcomers to Bitcoin and risk01:03:40 - Discussion about Andy’s book and time with crypto01:07:40 - The Californian exodus and the politics of taxation01:15:45 - “What could governments do?” Japanese central banking01:22:11 - Speculation about institutional money holders01:29:43 - Ethical case for Bitcoin01:32:20 - Closing remarksLinks to Mentions in the ShowWhy Buy BitcoinSwan BitcoinMichael SaylorMicroStrategyPeople leaving CaliforniaNegative interest rates in JapanFind Andy EdstromAndy EdstromAndy Edstrom TwitterFind Brad MillsBrad Mills TwitterMagic Internet Money TwitterMagic Internet Money FacebookMagic Internet Money InstagramProduced 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.