What Bitcoin Did

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Why Buy Bitcoin? With Andy Edstrom

Peter McCormack

Interview | Description | Timestamps | Show Notes

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Why Buy Bitcoin? With Andy Edstrom - WBD302 Peter McCormack

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Location: Remotely
Date: Tuesday 12th January
Company: Swan Bitcoin
Role: Head of Institutional Investment

Why buy bitcoin is a complicated question to answer. Bitcoin is many different things to different people. It is a censorship-resistant form of payment for those living under authoritarian regimes; for some, it is a hedge against inflation, while it is purely speculative for many others.

Even with Bitcoin adoption growing and maturing, the public perception of Bitcoin is still mixed. The mainstream media is somewhat to blame. It regularly pedals false narratives such as the funding of terrorism or Bitcoin being for drug dealers and network security that is melting the polar icecaps. As Bitcoiners we are used to dealing with this kind of FUD, Bitcoin has been declared dead hundreds of times, yet it continually bounces back.

So, why buy Bitcoin?

In this interview, I talk to Andy Edstrom, author of Why Buy Bitcoin. We discuss his investment thesis for Bitcoin, why Bitcoin continues to thrive and address the common misconceptions and FUD surrounding it.

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00:03:47: Introductions
00:05:07: Dads!
00:08:02: The problem with the unit price
00:09:05: Dollar cost averaging
00:11:32: "Why buy Bitcoin"
00:16:36: Digital gold
00:18:26: The characteristics of Bitcoin
00:26:27: The magical property of Bitcoin
00:28:13: Why Bitcoin is here to stay
00:32:02: Journalistic integrity
00:36:38: Categorising Bitcoin
00:41:30: Volatility still an issue
00:44:12: Halvings
00:46:41: Investment mistakes
00:55:36: Lightning Network
00:56:51: Bitcoin vs real estate
00:59:25: The psychological impact of the rising price
01:02:33: Getting started on the Bitcoin journey
01:05:43: Knowing if and when to sell
01:07:50: The risks explained…
01:09:58: … environmental
01:15:02: … technical
01:17:00: The Fourth Turning
01:20:18: Cybersecurity
01:22:32: Final comments

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If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

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