Everything physicians need to know about Bitcoin episode artwork

EPISODE · Feb 21, 2021 · 33 MIN

Everything physicians need to know about Bitcoin

from The Podcast by KevinMD

"It is still extremely early in the Bitcoin story. This is due to the same network effect that Facebook, Amazon, and Apple have had as adoption of new technologies rapidly expand and are adopted by society. Bitcoin has passed its 'tipping point.' Converting some of your money to Bitcoin now is like taking an ownership stake in the Internet itself back in 1995.  Ultimately, Bitcoin will either have a massive price appreciation or go to zero - meaning it is a hugely asymmetric investment.  A mere 1% allocation could potentially 2x the value of your portfolio; a 10% investment could 11x the value of your portfolio. Losing 1% of your portfolio is an extremely small risk given the upside to bitcoin. Finding the right allocation is up to you, but having 0% allocated to Bitcoin is a massive risk since risk in bitcoin is asymmetric to the upside." Noah Kaufman is an emergency physician and financial planner. He is founder and CEO, Kaufman Medical Group, and can be reached on Twitter @noahkaufmanmd. He is also founder of the Facebook group, Physician Options Traders. He shares his story and discusses his KevinMD article, "How physicians should invest in Bitcoin." (https://www.kevinmd.com/blog/2020/11/how-physicians-should-invest-in-bitcoin.html)

NOW PLAYING

Everything physicians need to know about Bitcoin

0:00 33:13

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of The Podcast by KevinMD?

This episode is 33 minutes long.

When was this The Podcast by KevinMD episode published?

This episode was published on February 21, 2021.

What is this episode about?

"It is still extremely early in the Bitcoin story. This is due to the same network effect that Facebook, Amazon, and Apple have had as adoption of new technologies rapidly expand and are adopted by society. Bitcoin has passed its 'tipping point.'...

Can I download this The Podcast by KevinMD episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!