S4E8: Victory Brewing Company's Dirtwolf Double IPA, Unraveling the Mystery of Bitcoin Halving and Its Impact on Price
Cash Flow with Pam Prior
English - April 23, 2024 01:46 - 23 minutes - 21.7 MB - ★★★★★ - 20 ratingsBusiness Health & Fitness bookkeeping cfo coach cashflow finances marketing smallbusiness accounting business development Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Disclaimer: The content in this podcast is for entertainment purposes only and does not constitute financial advice. Please consult with a financial professional to determine what may be best for your individual needs.
This week, we taste Victory Brewing’s Dirty Wolf Double IPA, connecting the dots between the complexities of craft beer brewing and cryptocurrency economics. We'll discuss how Bitcoin's halving events aim to preserve its value by reducing miner rewards, ensuring its scarcity with a capped supply of 21 million coins.
Key Take Aways:
Bitcoin Halving Explained: The Bitcoin halving is an event that cuts the reward for mining new blocks in half, occurring approximately every four years. This process ensures a finite supply of 21 million bitcoins, introducing scarcity into the ecosystem. Bitcoin's Price Impact Post-Halving: Historically, the Bitcoin halving has preceded substantial increases in Bitcoin's price over time, although past performance is not indicative of future results, and caution is advised. Mining Rewards Reduction: As halvings progressively reduce rewards for miners, the profitability for miners depends heavily on the price of Bitcoin, affecting their earnings and the potential interest in mining activities. Scarcity Drives Value: The fixed supply of Bitcoin means that over time its rarity could potentially increase value as supply cap is reached, highlighting its anti-inflationary characteristic. Blockchain Security: Each block in the blockchain contains a unique code tying it securely to the next block, ensuring a secure and tamper-proof chain of transaction history.Today's Brew🍺: Dirtwolf Double IPA, Victory Brewing Company
About the Brewery:
Victory Brewing Company was founded by childhood friends Bill Covaleski and Ron Barchet in 1996 in Downingtown, PA. Starting with their love for quality beer, they built Victory on a foundation of traditional brewing techniques and a community-focused ethos. Today, Victory is known for its diverse and award-winning beers like Golden Monkey and Prima Pils, and its commitment to community through the Brotherly Love Community Fund.
The company has expanded significantly, now boasting multiple taprooms across Pennsylvania and a production capacity reaching 200,000 barrels, thanks to a state-of-the-art brewery in Parkesburg. Part of Artisanal Brewing Ventures, Victory continues to innovate and celebrate over 25 years of craft brewing excellence.
Learn more about Victory Brewing Company: https://victorybeer.com/
✨ About Pam: A friend in the foxhole, finance wrangler who guides you on the path to confident control of your money mindset and business cash flow. I know what you need to understand, and cut out the rest. You don’t need to BE a bookkeeper, you need to understand a specific set of numbers and how they shape your business.
Learn more about Pam at www.PamPrior.com.
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