Issue #8 sent 5th March 2020 (Australian Eastern Standard Time)
This week we circle back get ‘down and dirty’ with a few of the basics of Bitcoin. For some, it will be a revision and for others, it will be a chance to shift your understanding of Bitcoin and digital assets in general into ‘muscle memory’.
This week we pause for introspection and clear the air on what we are about. We also cover digital assets in general, what they are really, and where they might go. Giddyup!
This week we review a whatbitcoindid podcast from Peter McCormack interviewing Matthew Mežinskis someone who lifts the lid on ‘base money’, ‘natural assets’ and what happened to gold in Europe during WW2 and why it matters now in the context of sovereignty and liberty.
This week, Mark talks about Bakkt and the Bitcoin futures market and I’m responding to one of my clients eager to get into other cryptocurrencies, also known as altcoins.
This issue we address the questions, “Even if it is a legitimate new class of asset, why would I buy it?” Second, we look at Stephen Livera’s interview with Preston Pysh. This is very bullish, we caution those bears may be converted.
In this issue we seek to answer the question; how safe is bitcoin? It’s a prudent question if you think about the risks associated with gold in terms of having it stolen or if you are holding shares in a company that holds gold. How can an investor confirm claimed holdings? What they are storing? Of course, bitcoin is a digital technology, so part of the challenge is how you hold it, and the other part is the question: can it be hacked like other software?
– Our first topic of discussion today is the nexus between the financial services industry and the “mum and dad” investor community when it comes to digital assets, titled, ‘Is Wall Street asleep at the wheel?’.
– In our second topic, we take a look at Dan Tapiero and his take on bitcoin. Dan has managed money for hedge fund billionaires, including Steve Cohen and Stan Druckenmiller, as well as being known in the investment space globally.
– Is bitcoin worth anything when compared to traditional hard assets like gold and silver? Yes, way more according to PlanB, an anonymous quant from the Netherlands with over USD one billion under management.