SLP223 Preston Pysh Bitcoin's Final Cycle?

Stephan Livera Podcast

Podcast Notes Key Takeaways “I have no confidence in telling somebody that there will be a next cycle” – Preston PyshTrust is essential to fiat currencies survival, it will be broken once the narrative changes to using bitcoin as a new unit of accountCentral Bank Digital Currencies are a rebranding of government currencies with the goal of extending trustA negative interest bond is a contract to lose money. It didn’t exist in 2008 and neither did the Bitcoin “purchasing power rocket ship”Expect more publicly traded companies to put 1% of their assets in Bitcoin. This will improve their stock performance, and drive even more corporate adoptionThat said, unprofitable zombie companies will be unable to buy bitcoins and “are about to get just decapitated”Bitcoin bull runs are brutal, Dollar Cost Averaging (DCA) and regular accumulation is the way to goPast $100K, it becomes more important to watch the narrative more than price predictionsRather than bans, we could witness governments supporting or even nationalizing mining in their countriesHowever, “Sometimes governments do things that don’t make sense” – Stephan Livera

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Preston Pysh of We Study Billionaires joins me on the show to talk about what Bitcoin’s final cycle might look like. How would we know if we’re going through the final cycle? How likely is it? Will corporates buying bitcoin be weak hands or strong hands? What about governments trying to shut Bitcoin down?

Preston Pysh‘s Links:

Twitter: @PrestonPysh
We Study Billionaires

Prior episodes:

SLP109 Preston Pysh – How To Think About Bitcoin as an Investor
SLP181 Preston Pysh – Bitcoin as Numeraire

Sponsors:

Swan Bitcoin
Unchained Capital (code LIVERA)
Knox Custody
Bitcoin Black Friday
Hodl Hodl Lend

Stephan Livera links:

Show notes and website
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