LATEST EPISODE: 070 - From Wall Street to Bitcoin: Andy Edstrom on Revolutionizing Money

lynne532
7 days ago
2 min read

In this episode, the hosts talk with Andy Edstrom, a prominent figure in the Bitcoin investment space, exploring Andy's journey from traditional finance to Bitcoin, discussing the characteristics that make Bitcoin a compelling form of money.

The conversation delves into the implications of the fiat system, the benefits of Bitcoin for both public and private companies, and the evolving landscape of Bitcoin treasury strategies. Andy shares insights on the risks associated with Bitcoin, the importance of understanding its characteristics, and the future potential of Bitcoin as a monetary asset. The episode concludes with a hopeful outlook on Bitcoin's role in the financial ecosystem and the ongoing efforts to educate and bridge the gap between traditional finance and Bitcoin.

Andy Edstrom, CFA, CFP, is the author of the book, Why Buy Bitcoin: Investing Today in the Money of Tomorrow. Additionally, his opinions on Bitcoin have been published in The Wall Street Journal, and his opinions on the regulation of Internet monopolies have been published in The Economist. Andy has spent his career in wealth management, private equity, and public markets investing. Prior to the Global Financial Crisis of 2008-2009, he caught a glimpse into the making of “financial sausage” while working at Goldman Sachs.

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Chapters

00:00 Introduction to Bitcoin Perspectives

04:11 Andy Edstrom's Journey in Finance and Bitcoin

09:22 Relearning Money: Insights from Traditional Finance

13:13 Understanding the Fiat System and Its Implications

21:47 Bitcoin's Characteristics as Money

26:46 Resonating with Financial Advisors

30:32 Current Risks and Future Outlook for Bitcoin

39:37 The Future of Stablecoins and the Dollar