MicroStrategy’s Bitcoin Moonshot with Andy Edstrom

 
 
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“This is the one asset in modern history, where average people have had a shot at it before companies and before hedge funds and before billionaires… that window may be ending.”
— Andy Edstrom

SHOW DESCRIPTION

Location: Remotely
Date: Thursday 10th December
Company: Swan Bitcoin
Role: Head of Institutional Investment

When MicroStrategy acquired $425 million of Bitcoin earlier this year, it sent a clear message to corporations everywhere, that Bitcoin is a valuable asset and can be a vital part of a company's treasury.

With an asset as volatile as Bitcoin, this move wasn't without its risks, however, just a few months after piling into Bitcoin, that $425 million is now worth around $750 million. 

Now just a few months after first buying Bitcoin, company CEO, Micael Saylor is not happy with the company's 40,824 Bitcoin and now has plans to raise another $550 million to buy more.

In this interview, I talk to Andy Edstrom, the Head of Institutional Investment at Swan Bitcoin. We discuss MicroStrategy's Bitcoin moonshot, ETFs, mass awareness & adoption and the race for corporations to own Bitcoin.

TIMESTAMPS

00:05:06: Introductions
00:06:04: Andy's MicroStrategy prediction
00:09:48: Convertible bonds explained
00:13:36: The impact of a price crash on MicroStrategy's deal
00:17:20: A calculated moonshot?
00:20:01: ETFs and alternative options
00:35:43: Mass awareness and the global race to invest in Bitcoin
00:42:03: The three-touch story into Bitcoin
00:45:41: A bit about Michael Saylor's background
00:50:33: Some Bitcoin permabears!
00:51:34: How far could this bull market go
00:59:59: Will governments ever buy Bitcoin?!
01:04:05: MicroStrategy's two cycles of investment
01:08:38: The debt factor of the investment
01:09:30: The average lead time for companies to invest
01:14:54: A journey through the bear market
01:19:30: Final comments

 

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SHOW NOTES

PodcastPeter McCormack