Turning Data into Value w/ Eric Weiss - Bitcoin Magazine Podcast

This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Eric Weiss, CEO of the Bitcoin Investment Group Fund (BIG Fund). Weiss was early to Bitcoin and saw its potential as an alternative store of value over the internet immediately and he was the person that helped introduce Michael Saylor of MicroStrategy to Bitcoin. Weiss and Saylor are long-time friends and it was during the initial fallout of the COVID-19 lockdowns when bitcoin as a money outside of the system started to finally make more sense to Saylor.

“COVID was kind of something that made a lot of people question.” - Eric Weiss

Keroles and Weiss discussed people waking up to Bitcoin, how Bitcoin is actually good for the dollar, Bitcoin exceeding Weiss’s expectations for 2014, BTC incentives and much, much more.

Topics discussed include:

The Bitcoin Investment Group
Bonds to bitcoin
Buying bitcoin in 2014
Buying bitcoin versus business risk
Bitcoin’s incentives and game theory
Saylor’s quick onboarding and conviction
Turning data into value

Twitter: @Eric_BIGfund

Timestamps:

0:00 - 3:10 Intro
3:10 - 4:32 How Eric entered the Bitcoin space
4:32 - 7:56 What insight did Eric have to buy and hold Bitcoin in 2014?
7:56 - 9:20 The simplistic investment strategy of Bitcoiners
9:20 - 12:04 What are the implications on a macro scale of everyone holding Bitcoin?
12:04 - 13:23 The opportunity cost of diversifying outside of Bitcoin
13:23 - 16:44 What will it take for Bitcoin-related businesses to become attractive investments?
17:11 - 18:56 Will the success of Bitcoin be good for the U.S. dollar?
18:56 - 21:46 The progression of how Eric perceives Bitcoin
21:46 - 24:38 Cramer sells his Bitcoin
24:38 - 30:26 The initial fallout of Covid-19/Eric's discussions with Saylor
30:26 - 31:52 Saylor's growing conviction with Bitcoin
32:21 - 33:06 Being unfazed by Bitcoin's volatility
33:06 - 35:26 Bitcoin aligns incentives
35:53 - 38:12 How to come to terms with the skepticism and hatred of Bitcoin
38:12 - 40:36 The current demand for Bitcoin
40:59 - 43:52 Thinking about the price and the endgame
43:52 - 46:21 The potential of a supercycle
46:21 - 48:45 Will Bitcoin always go up?
48:45 - 52:07 Closing Comments

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