265: Ask Buck & Ian!

This week's episode features a discussion with Ian Kurth—radiologist and highly sophisticated investor. Ian is a member of Wealth Formula Network and one of its major assets. He is doing exactly what, in my opinion, every high-paid professional ought to be doing. He has really transformed himself into a sophisticated investor and thought leader on personal finance for our demographic. The current discussion is inspired by a 90-minute Wealth Formula Network call around how to think about bitcoin and cryptocurrencies. It's important to note that just a couple of years ago, Ian was a bitcoin skeptic. So you are going to want to understand how he has transformed into a very pro-bitcoin investor despite his conservative nature! Listen HERE! P.S. Ian has also compiled a list of resources that he has found helpful in his journey to becoming crypto-competent. He has kindly permitted me to share them below: Podcasts https://www.theinvestorspodcast.com/bitcoin-fundamentals/page/2/ - Recommend starting with - (#1, #3, & #5 first - links below) #1 - https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-common-misconceptions-w-robert-breedlove/ #3 - https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-a-deflationary-world-w-jeff-booth/ #5 - https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-michael-saylor-a-masterclass-in-economic-calculation/ This is an outstanding 9 podcast series. Muscle through the sometimes amateur audio production quality. Michael Saylor is a visionary, who has overqualified background experience. - The "What is Money?" Show The Ultimate Bitcoin 101 with Vijay Boyapati What Bitcoin Did Tim Ferris Show - Balaji Srinivasan Many, many more podcasts are available depending on which direction down the rabbit hole you choose. YouTube BTC vs. Gold debate "The Best Bitcoin Debate Ever Recorded (Anthony Pompliano vs. Mike Green)" Michael Saylor - CNBC Ross Stevens (NYDIG) Articles The Bullish Case for Bitcoin The Case Against Bitcoin Why Bitcoin, The Series Norwegian Billionaire Investor Letter on Bitcoin Investment Illuminating the Path Forward - NYDIG Books The Bitcoin Standard: The Decentralized Alternative to Central Banking Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained - Here is a referral code to download this book free: https://www.swanbitcoin.com/Kurthian?gc=yanbook1020&utm_campaign=yanbook1020 Bitcoin: Hard Money You Can't F*ck With: Why bitcoin will be the next global reserve currency Websites Case Bitcoin. Lots of solid info/compilations of news/articles/pricing https://www.lopp.net/bitcoin-information.html http://billybitco.in/ https://www.keepitsimplebitcoin.com/bitcoin-security-guide/ Graphs https://wtfhappenedin1971.com/ https://www.lookintobitcoin.com/charts/stock-to-flow-model/ https://dcabtc.com/ Corporate custodianship and legal issues Microstrategy Corporate adoption conference Twitter Raoul Pal Preston Pysh Lyn Alden Plan B Willy Woo Robert Breedlove Greg Foss Buying Crypto If you decide to buy on a crypto exchange, I recommend coinbase PRO b/c it has the cheapest transaction fees. (https://www.coinbase.com/join/kurth_6) If you want to do daily buys at a cheaper trx fee, and then auto send to a cold storage device, I use Swan Bitcoin. I like to dollar cost average on a daily basis. https://www.swanbitcoin.com/Kurthian If you'd like to earn % interest on your bitcoin, you can explore BlockFI. You get some money for signing up. For other digital assets that are not on Coinbase Pro, I use Crypto.com. Use code 2grceqsvjv for $25. Voyager is decent for more exotic coins. https://www.bitwiseinvestments.com/ is a good private equity index type option that I have used since 2017. From a brokerage account, GBTC and ETHE are reasonable bitcoin proxy investments, particularly in qualified retirement accounts.