What Bitcoin Did

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Tesla’s $1.5bn Bitcoin Buy with American HODL & Preston Pysh

Peter McCormack

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Tesla’s $1.5bn Bitcoin Buy with American HODL & Preston Pysh - WBD309 Peter McCormack

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Location: Remotely
Date: Monday 8th February
Company: N/A & The Investors Podcast
Role: N/A & Host

On Monday, Tesla made the announcement that Bitcoiners had been anticipating. In their annual report to the SEC, Tesla disclosed that they had invested $1.5 billion in Bitcoin and the Bitcoin price soared to a new all-time high of over $47,000. 

In 2020, Michael Saylor and MicroStrategy paved the way for corporations to add Bitcoin to their treasuries and since then several companies have followed suit, including Square and MassMutual.

However, as the richest man in the world and one of the most influential in the tech industry, Elon Musk's could prove to be the most important in the history of Bitcoin. It has sent shockwaves through the corporate world and will make the CEO of every publicly traded company question their treasury strategy. But, what does this mean for Bitcoin? And does this mark the beginning of the corporate race for Sats?

In this interview, I talk to American HODL and Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss Tesla's announcement, MicroStrategy's influence and corporations scrambling to buy Bitcoin.

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00:04:45: Introductions
00:05:26: Bullish as hell!
00:09:27: Free cash flow
00:13:08: The race to get in
00:14:50: Dogecoin
00:16:43: Personal responsibility
00:19:19: Learn before you preach
00:23:02: Unit bias
00:24:08: Bitcoin on the balance sheet
00:26:20: Traditional derivatives vs Bitcoin
00:39:28: Prospect of fiat currency meltdown
00:43:18: Will nation states start investing?
00:50:45: Taxes
00:53:43: Financial responsibility
00:55:52: Who and what is next?
00:59:16: The fourth touch
01:03:02: Predictions for the year ahead
01:07:31: Final comments

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