Episode notes
Recorded 6/15/21
Bitcoin price at the time ~$40,500
Greg Foss traded credit for more than 30 years and has been all-in on Bitcoin for the last 5. He has a tremendous wealth of knowledge across multiple topics and I did my best to explore them all!
Where to find Greg:
@FossGregFoss (https://twitter.com/FossGregfoss)
Why Every Fixed Income Investor Needs To Consider Bitcoin As Portfolio Insurance - Greg Foss (https://rockstarinnercircle.com/wp-content/uploads/2021/04/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf)
3iQ (https://3iq.ca/)
1:45 - Greg’s background
7:30 - Why Bitcoin excites him
11:30 - How Canada escaped insolvency
18:00 - 2008 financial crises
27:00 - Bitcoin ETF
33:00 - The current Bitcoin price is the best risk-adjusted trade of our lifetime
34:30 - Bitcoin’s energy usage and how it can help the power grid
50:30 - How Bitcoin’s energy consumption and how it will push society forward
53:00 - More countries and leaders exploring the possibilities of Bitcoin
57:30 - Bitcoin and Canada’s economy
1:02:00 - The petrodollar and its implications
1:07:20 - What happens if nations default
1:16:30 - Money printing and the effects on an economy
Resources mentioned:
Bitcoin white paper (https://bitcoin.org/bitcoin.pdf)
Swan Bitcoin (swanbitcoin.com/e3)
Cash App (https://cash.app/app/KWJSDQR)
Strike (https://invite.strike.me/21XVVW)
The Rant - Jim Cramer (https://www.cnbc.com/video/2017/08/03/watch-the-full-rant-cramers-they-know-nothing.html)
Bitcoin Beach (https://smartpeopleshit.buzzsprout.com/1758058/8396636-mike-peterson-bitcoin-beach-banking-the-unbanked)
Bitcoin Lake (https://twitter.com/petermccormack/status/1395536503707770881)
The Hidden Cost of the Petrodollar System - Alex Gladstein (https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar)
