Episode notes
In 2017, we saw Bitcoin grow by over 1300%. Ever since the start of the new year, however, things have been pretty ugly, with a year to date performance of -50%. So what in the world is happening? Is bitcoin still the darling new asset class that so many people believe in, or is something more frightening on the horizon? Well, on today's show, we are going to have a little discussion that covers both sides of the argument. In one corner we have Tuur Demeester. Tuur has been an investor in Bitcoin since the early days when one coin was only $5. Since his initial position, Bitcoin has grown by 132,000%. Tuur has a huge following with over 159,000 twitter followers because of his in-depth ideas and comments about crypto currencies. On the other side of the argument we have the talented Erik Townsend. Erik is the host of a very popular investing podcast called Macro Voices. Erik got his start as a computer programmer and by the age of 17, he was already an independent software development and design consultant. Erik is an entrepreneur that has built successful tech companies and he's also the founder of his own global macro hedge fund.
IN THIS EPISODE, YOU’LL LEARN:
- Why and how a new government-controlled cryptocurrency might close down tax havens.
- Why history shows that governments might eventually accept Bitcoin.
- How to understand the features of the Lightning Network .
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Tuur Demeester on Medium.
- The ultimate resource on everything relating to Bitcoin and Crypto information.
- Listen to Erik Townsend’s podcast, Macro Voices.
- Join Preston & Stig for the Berkshire Hathway Meeting.
- Erik’s post on Blockchain Debunked.
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