Episode notes
“The price appreciation on bitcoin is not coming from an ETF, the price appreciation that’s going to make bitcoin scream over $1 million a coin, is going to be when the fixed income market comes to the realization that the 5% inflation is not going away.”
— Preston Pysh
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.
This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
Compass Mining - Bitcoin mining & hosting
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WBD407 - Show Notes
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