Ep 59 | Bitcoin 101: How to Think About It as an Investment

In this episode, Priya Malani sits down with Raphael Zagury, former Wall Street executive and founder of one of the world’s largest private Bitcoin mining companies, to strip Bitcoin of hype and look at it through a real investment lens.They unpack what Bitcoin actually is, why it exists, and how to think about it as an asset — not a gamble. From hard money and inflation to volatility, portfolio construction, and why “zero allocation” is rarely neutral, this is a grounded Bitcoin 101 for people who want clarity.If you’ve felt like you should understand Bitcoin by now but don’t — this conversation is for you.Takeaways:Bitcoin doesn’t have to be all or nothing — the real decision is position sizing, not belief.Choosing zero Bitcoin is still an active portfolio decision, not a neutral one.Bitcoin’s volatility reflects how early it is, not that it lacks legitimacy as an asset.When sized correctly, Bitcoin behaves like a long-term diversifier, not a short-term trade.You don’t need full conviction to participate — disciplined allocation and time do the heavy lifting.Follow Priya Malani:Instagram | Stash Wealth | LinkedIn | YouTubeGuest Bio:Raphael Zagury has a wealth of experience in leadership, finance, and entrepreneurship. He was the founder and CFO of OpenCo, where he led multiple capital raise rounds, including a Series D with investors such as SoftBank, IFC, and LTS Investments. He also founded One Partners, a boutique investment banking company.  Before his entrepreneurial ventures, Raphael built a career on Wall Street, holding senior positions at Deutsche Bank and Merrill Lynch as Managing Director, and at Goldman Sachs as Vice President.  An avid Bitcoiner and coder, Raphael has contributed to open-source software and, as CIO at Swan Bitcoin, designed Nakamoto Portfolio, a tool that helped many investors understand how Bitcoin fits into asset allocation. He holds an MBA from Yale University and a Bachelor’s degree in Economics from IBMEC (Brazilian Capital Markets Institute).Other Links:Raphael Zagury on XRaphael Zagury on LinkedInWhite Paper: Bitcoin: A Peer-to-Peer Electronic Cash SystemAuthor: Satoshi NakamotoPublished: October 31, 2008The Stuff Our Lawyers Want Us to Say:Stash Wealth is a Registered Investment Advisor. Content presented is for informational and educational purposes only and is not intended to make an offer or solicitation for any specific securities product, service, or strategy. Consult with a qualified investment adviser (that's us) before implementing any strategy. Investing involves risk, including the loss of principal. Past performance does not guarantee future results. There…we said it.