WBD: Live in Nashville with Preston Pysh & Marty Bent
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SHOW DESCRIPTION
Location: Nashville, TN
Date: Thursday 30th September
Company/project: The Investors Podcast & Great American Mining & TFTC
Role: Host & Director of Business Development & Host
2021 has been a year of significant disruption. Trillions in deficit spending are ongoing. Many countries are experiencing the highest consumer inflation seen in decades, while assets and commodities prices have soared at a phenomenal rate.
Meanwhile, China kicked half of Bitcoin’s hashrate offline by instituting a country-wide ban on mining. However, the Bitcoin network has demonstrated its antifragility as thousands of ASIC machines migrate to other countries and come back online.
While many Bitcoin naysayers have lambasted the energy use of Bitcoin’s mining industry as being environmentally unfriendly, mining is driving more efficient use of low-cost, renewable, and otherwise wasted energy sources.
In a world that is full of distortions, is Bitcoin the answer to society’s problems?
In this live interview, I talk to Preston Pysh, the host of The Investor Podcast, and Marty Bent from Tales From the Crypt and Great American Mining. We discuss rising inflation, why bitcoin mining is good for global energy use, and why bitcoin is this answer to many problems.
TIMESTAMPS
00:03:50: Introductions
00:04:10: Inflation
00:11:53: Energy crisis
00:15:30: The ESG narrative
00:21:44: China and the Evergrande situation
00:27:35: Mining
00:38:36: El Salvador adoption and Lightning
00:46:55: Open Q&A session…
00:47:00: Q1: Bitcoin and the global reserve currency
00:50:53: Q2: US disadvantaged due to the dollar's global status
00:55:34: Q3: Long-term future of Bitcoin and the hash rate
00:58:46: Q4: Why Bitcoin is important
01:06:14: Q5: Afghanistan's impact on the dollar
01:16:53: Q6: Podcast stand-out guests
01:21:28: Q7: Traditional finance sector and Bitcoin
01:27:51: Q8: Bitcoin ETF
01:32:18: Q9: Market cap predictions
01:37:23: Q10: States' race for mining and global coin distribution
01:43:10: Q11: Pros and cons of IRAs
01:46:55: Final comments
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Mentioned in the interview:
Key inflation gauge watched by the Federal Reserve hits another 30-year high - CNBC
Biden halts oil and gas leases, permits on US land - AP News
Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why - Lyn Alden
#158: Marshall Holbrook - Tales from the Crypt: A Bitcoin Podcast
Lebanon currency drops to new low as financial meltdown deepens - Reuters
Bitcoin ETF is no longer an if but a when, Grayscale Investments says - CNBC
Other Relevant WBD Podcasts:
WBD402: Credit Risk & The Bitcoin Hedge with Greg Foss & Andy Edstrom
WBD374: Debt Cycles & the Rise of Bitcoin with Greg Foss & Dylan LeClair
WBD309: Tesla’s $1.5bn Bitcoin Buy with American HODL & Preston Pysh
WBD257: Bitcoin Has Entered Phase 5 with PlanB, Jeff Booth & Preston Pysh
WBD186: The Beginner’s Guide to Bitcoin Part 5: The History of Bitcoin with Marty Bent
WBD133: Down the Bitcoin Rabbit Hole with Matt Odell & Marty Bent