Stephan Livera Podcast

Bitcoin: On the Way to $400K? with Andy Edstrom SLP605


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Andy Edstrom, Head of Managed Wealth at Onramp Bitcoin rejoins me to discuss the govt. debt levels, retirement planning on Bitcoin, price modeling, risks of leverage yield on Bitcoin and more!

Summary

In this episode, Andy Edstrom returns to discuss the evolution of Bitcoin since their last conversation, touching on price modeling, the risks of leverage, and the future of Bitcoin loans. They explore the implications of government debt, the role of gold, and the potential for yield in a Bitcoin standard. The conversation emphasizes the importance of understanding market dynamics and preparing for various economic scenarios.

Takeaways

  • Bitcoin's evolution has led to increased participation and conversation on the world stage.

  • Price modeling in Bitcoin is fraught with challenges and often fails to predict future movements.

  • Leverage in Bitcoin can lead to significant losses, as seen in past market downturns.

  • The future of Bitcoin loans is uncertain, with a need for better credit analysis and terms.

  • Retirement planning in a Bitcoin world requires careful consideration of inflation and spending habits.

  • Government debt is at an all-time high, raising concerns about future economic stability.

  • Gold still plays a role in the financial landscape, but Bitcoin is seen as the future.

  • Yield may still exist under a Bitcoin standard, but it will differ from current fiat systems.

  • The importance of maintaining on-ramps and off-ramps for Bitcoin in the future cannot be overstated.

  • Expect wild times ahead as economic conditions continue to evolve.

  • Timestamps:

    (00:00) - Intro

    (01:14) - How has Bitcoin changed since 2019?

    (04:12) - How significant are Bitcoin Price Models?

    (11:28) - Preparing for all possible scenarios when Bitcoin price appreciates

    (14:27) - Should you time the market?; Volatility, Retirement and Tax events to consider.

    (22:01) - How has the market for leverage on Bitcoin evolved? (27:45) - Sponsors

    (30:40) - The case for loans with Bitcoin as a collateral 

    (38:04) - Retirement planning and achieving FIRE with Bitcoin?

    (43:20) - Bitcoin on its way to $400K?

    (50:14) - The instability of the growing US Govt. Debt - what happens next?

    (55:25) - Sponsors

    (57:47) - The Haves and the Have Nots; Overvaluation of property markets

    (1:01:57) - What does yield look like on a Bitcoin Standard? 

    (1:13:22) - Closing thoughts

    Links: 

    • https://x.com/edstromandrew 

    • https://www.amazon.com/Books-Andy-Edstrom/s?rh=n%3A283155%2Cp_27%3AAndy+Edstrom 

    • https://x.com/OnrampBitcoin/status/1836029421922263074 

    • Sponsors:

      • Bold Bitcoin

      • CoinKite.com (code LIVERA)

      • mempool.space/accelerator 

      • Nomadcapitalist.com/apply

      • Stephan Livera links:

        • Follow me on X: @stephanlivera

        • Subscribe to the podcast

        • Subscribe to Substack


        • ...more
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