This week’s episode of THE FINANCIAL COMMUTE features a conversation on Bitcoin from Morton Wealth’s 2023 Investor Symposium led by host Chris Galeski, Wealth Planner Brian Standing and founder of The Bitcoin Layer Nik Bhatia. Nik is also a CFA® charterholder and teaches finance and business economics at USC.
Nik explains that Bitcoin is both a software and a unit of account within the software. The unique innovation Bitcoin offers is that people can use and move these units without a central party (like a financial system or government authorities). This makes it resistant to censorship and interference. Bitcoin miners constantly have their computers on to secure networks and create blockchains that give Bitcoin value. Many Bitcoin investors see it as a hedge against inflation due to its store-of-value properties, like gold.
They also discuss how U.S. government legislations have been pro-Bitcoin so far, as the SEC just approved a Bitcoin futures ETF and states like Wyoming have created a favorable regulatory environment for blockchain companies. However, it is important to conduct proper research on Bitcoin and consult experts before considering it as an investment.
Stay tuned for more episodes from the Investor Symposium like Lending to Out-of-Favor Companies with Substantial Assets and A.I: Possibilities and Pitfalls of Artificial Intelligence!
Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.
This week’s episode of THE FINANCIAL COMMUTE features a conversation on Bitcoin from Morton Wealth’s 2023 Investor Symposium led by host Chris Galeski, Wealth Planner Brian Standing and founder of The Bitcoin Layer Nik Bhatia. Nik is also a CFA® charterholder and teaches finance and business economics at USC.
Nik explains that Bitcoin is both a software and a unit of account within the software. The unique innovation Bitcoin offers is that people can use and move these units without a central party (like a financial system or government authorities). This makes it resistant to censorship and interference. Bitcoin miners constantly have their computers on to secure networks and create blockchains that give Bitcoin value. Many Bitcoin investors see it as a hedge against inflation due to its store-of-value properties, like gold.
They also discuss how U.S. government legislations have been pro-Bitcoin so far, as the SEC just approved a Bitcoin futures ETF and states like Wyoming have created a favorable regulatory environment for blockchain companies. However, it is important to conduct proper research on Bitcoin and consult experts before considering it as an investment.
Stay tuned for more episodes from the Investor Symposium like Lending to Out-of-Favor Companies with Substantial Assets and A.I: Possibilities and Pitfalls of Artificial Intelligence!
Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.