Clay Finck chats with Andy Edstrom about why Bitcoin should be considered as a part of an investment portfolio, how Andy thinks about valuing Bitcoin as an investment, how investors can potentially keep themselves from ‘buying the top’ in Bitcoin, the 14 characteristics of money and how Bitcoin stacks up against gold and fiat currency, some of the common misconceptions around Bitcoin, and much, much more! Andy Edstrom, CFA, CFP is a wealth manager at Wescap Group and is Managing Director of Swan Advisor Services. He is the author of Why Buy Bitcoin, the only Bitcoin investment thesis published in book format by a professional wealth manager. Andy’s opinions have been published in The Wall Street Journal and The Economist, and he is a frequent guest on Bitcoin-focused podcasts. Earlier in his career, Andy was an investor at a private equity fund and a hedge fund. Prior to the Global Financial Crisis of 2008-2009 he caught a glimpse into the making of “financial sausage” while working at Goldman Sachs. Andy holds the Chartered Financial Analyst (CFA®) and Certified Financial Planner (CFP®) credentials. IN THIS EPISODE, YOU’LL LEARN: 📌 Get your first 3 months of investment management with Titan for zero fees! https://www.titan.com/TIP ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/why-buy-bitcoin 📖 BOOKS MENTIONED: - Why Buy Bitcoin by Andy Edstrom: https://amzn.to/3mAGHOW - The Price of Tomorrow by Jeff Booth: https://amzn.to/3HiMQr3 Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - MI032: Bitcoin, Cryptocurrencies, and Blockchain (Part 1) w/ Preston Pysh: https://bit.ly/3JkJcOX - MI044: Bitcoin, COVID-19, And Macroeconomics For Beginners Part 1 w/ Pomp: https://bit.ly/3H588bw 💡 OTHER RESOURCES - Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance - use coupon code ‘ROBERT’ for 50% off. - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ - TIP’s Mayer Multiple: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/ - Follow the Mayer Multiple Twitter Account: https://twitter.com/TIPMayerMultple - Check out Swan Advisor Services: https://www.swanbitcoin.com/advisor/ - Trade Bitcoin with Swan: https://www.swanbitcoin.com/millennial-investing/ - Square and Ark Invest’s Report, Bitcoin is Key to an Abundant, Clean Energy Future: https://bit.ly/3Jjchug - Explanation of the Lindy Effect: https://en.wikipedia.org/wiki/Lindy_effect ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.