Bitcoin's Time is Now with Preston Pysh

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“The thing that is creating this destruction, which is the decades-long of inflationary monetary policy, has actually sowed the seed of opportunity to counter it, and I think that counter is Bitcoin.”
— Preston Pysh

SHOW DESCRIPTION

Location: Zoom
Date: Friday 12th June
Project: The Investors Podcast
Role: Host

With the current global economic outlook and rise in social unrest, we are living in unprecedented times. The coronavirus pandemic, subsequent lockdowns and preventative measures put in place by governments around the world has led to many businesses closing or relying on bailouts, and jobless figures are amongst the highest since records began.

The killing of George Floyd at the hands of the police has seen protests against racial inequality have spread across the world. In the US, especially, these protests turned have turned into riots with looting, buildings burnt down and violent clashes.

During this time of uncertainty,  the S&P500 and Dow Jones Industrial Average have both climbed ~40% since the drop in March, seemingly proving that the markets can behave irrationally. Some analysts are pointing to dangerous signals that we are heading towards the collapse of currencies.

Are all of these combined events the perfect storm for Bitcoin?

In this interview, I talk to Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss the global macroeconomy, deflation vs inflation and why now Bitcoin is more important than ever.

TIMESTAMPS

00:04:45: Introductions 
00:05:31: Preston’s backstory
00:07:45: Bitcoin and macro-economists
00:11:05: Why is bitcoin important?
00:16:23: Gold and Bitcoin
00:22:41: Living through a currency collapse
00:28:04: Negative interest rates 
00:33:00: Interconnected world
00:38:25: Defence of inflationary policies
00:42:43: Deflation
00:47:16: Incentives to get into Bitcoin
00:49:15: Future predictions
00:52:01: Bitcoin and traditional financial circles
00:56:23: Could Bitcoin be a dominant currency?
00:58:45: Bitcoin mass adoption
01:03:44: Satoshi
01:06:51: Inflationary monetary policies
01:10:44: Final comments

 

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SHOW NOTES

PodcastPeter McCormack