Why Buy Bitcoin

Why Buy Bitcoin

Author: Brad Mills May 4, 2021 Duration: 1:34:50
On this episode of Magic Internet Money, host Brad Mills invites Why Buy Bitcoin author Andy Edstrom onto the show to discuss the potential that Bitcoin has in the world of finance. The two open with a discussion about “number go up (NGU)” tech and Andy’s book. Brad asks Andy for his take on how institutional backing stands to benefit Bitcoin. Andy talks about debt structure and his experience in finance and how working with institutional players educated him with insight into how modern markets work. Finally, the two wrap up with a discussion about what governments at local and international levels are doing to handle the current economic situation. Time Stamps (Condensed) 00:00:07 - Intro 00:01:30 - Show start 00:05:50 - “NGU tech” and writing Andy’s book 00:10:22 - Institutional buyers and game theory 00:16:48 - Financial planning in an institution vs as an individual 00:24:10 - Bitcoin and equal opportunities 00:27:24 - Speculation on altcoin and bitcoin futures 00:37:40 - Balance in finance; staying diverse in turbulent markets 00:40:31 - Andy’s “worst investment ever” and “If I had 1000 bitcoin” 00:49:50 - Debt structure and Michael Saylor 00:57:40 - Newcomers to Bitcoin and risk 01:03:40 - Discussion about Andy’s book and time with crypto 01:07:40 - The Californian exodus and the politics of taxation 01:15:45 - “What could governments do?” Japanese central banking 01:22:11 - Speculation about institutional money holders 01:29:43 - Ethical case for Bitcoin 01:32:20 - Closing remarks

Hosted by Brad Mills, Magic Internet Money is a conversation about Bitcoin from the ground up. Brad isn't a programmer or a Wall Street analyst; he's an early adopter who examines this technology through the lens of an everyday user. This perspective shapes the entire podcast, focusing on practical understanding over technical jargon. You'll hear discussions that frame Bitcoin as more than an investment-exploring its role as programmable money for the internet, a peer-to-peer cash system, and what many call digital gold. The show digs into why this open-source invention is viewed as a foundational shift, touching on its potential as an uncensorable tool for free speech and a new store of value. Episodes connect the dots between technology, personal sovereignty, and financial self-improvement, making complex ideas accessible. It’s for anyone curious about how Bitcoin intersects with business, technology, and daily life, presented without pretense. Tune in for straightforward talk about what this digital asset class means for the future, all from someone who believes it's the best form of money we've ever seen.
Author: Language: English Episodes: 70

Magic Internet Money
Podcast Episodes
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