Bitcoin Has Entered Phase 5 with PlanB, Jeff Booth & Preston Pysh

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“Once you have seen, you cannot unsee. Once you get it, there is no way back.”
— PlanB

SHOW DESCRIPTION

Location: Squadcast
Date: Wednesday 2nd September
Company: Independent Trader, Entrepreneur & Author, The Investors Podcast
Role: Bitcoin Quant Analyst, Independent & Host

When Plan released his revised Stock-to-Flow model as a Cross Asset Model (S2FX), he added a new concept: phase transitions. This revision to the model takes into consideration the evolution of Bitcoin’s use and meaning, as such, from proof of concept to payments to e-gold to a financial asset.

Following the halving in May, many have speculated what the next transitional phase would be for Bitcoin, with the model predicting the price of Bitcoin potentially reaching $288K. 

With Bitcoin being a provably scarce asset, in times of unprecedented money printing and fiat currency debasement, the bull case for Bitcoin is clear. However, in August, MicroStrategy sent a clear message to businesses everywhere, when in August they announced their purchase of 21,454 Bitcoin, over 0.1% of the total supply.

MicroStrategy CEO Michael Saylor said that they view Bitcoin as a “dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash”. Other companies have started following MicroStrategy by holding Bitcoin within their treasury.

Could companies holding Bitcoin to protect their cash reserves be the next phased transition for Bitcoin?

In this interview, I talk to Bitcoin quant analyst & creator of the stock to flow model, Plan₿, author of The Price of Tomorrow Jeff Booth & author, engineer & the host of The Investor Podcast, Preston Pysh. We discuss how Bitcoin S2F is entering phase 5.

TIMESTAMPS

00:04:45: Introductions 
00:05:22: View on 2020
00:06:59: Stock markets in 2020
00:10:24: Money printing
00:15:18: Bitcoin is the cure
00:16:44: Falsely inflated current systems
00:19:53: Driving inflation rates higher
00:23:35: Bitcoin as a deflationary tool
00:27:33: How does current system change
00:32:29: Deflationary global trends
00:36:02: Need for deflationary currency
00:40:59: Historical currency debasements
00:45:11: Companies stacking sats
00:47:47: MicroStrategy
00:52:41: Stock to flow model update
00:56:09: Pricing production correctly
01:00:00: Threats to Bitcoin
01:03:05: Morals around global breakdown
01:05:33: Need for global conversion to Bitcoin
01:08:44: Bitcoin and S&P500
01:14:30: Co-integration of Bitcoin and markets
01:17:13: Hyperinflation
01:19:49: Competitive geography
01:22:33: Changing tax laws
01:28:58: Companies holding Bitcoin
01:35:18: Phase transitions in the stock to flow model
01:41:57: Stock to flow red dots
01:43:43: Model price predictions
01:45:46: Future predictions
01:54:57: Final comments

 

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SHOW NOTES

PodcastPeter McCormack