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Episode 8 : Teeka Tiwari – Should One Own Bitcoin?

Teeka writes financial newsletters for a research group and is particularly happy with their cryptocurrency newsletter.  He says, “Many people when they look at the space they think its crazy and they don’t understand the value. Many assume that it is too late to invest.”

Governments have had a history of confiscating private assets and gold. Cypress was a good example of this as is current events occurring within Saudi Arabia. When states get desperate, they will steal money from their citizens. So having some of your wealth beyond the control of anyone is a very valuable hedge.

The critical thing to understand with bitcoin is that for the first time in history there exists a form of money that is beyond anyone’s ability to confiscate. If you keep your private keys safe, no one can take these assets from you.

He explains how blockchains allow for a shared ledger amongst multiple participants. Any new entries in this ledger are verified and cannot be altered. This immutability has created an environment where you don’t have to trust other parties to transact.

Bitcoin is particularly good at moving money from country to country and will severely disrupt the global remittance business. Banks hate this invention because it is the first legitimate threat to their business model in four centuries and it’s not going away. It’s a very disruptive technology just like the Internet in the late 1990’s.

The value of the entire cryptocurrency eco-system is around $300 billion dollars which may sound expensive but compared to gold and equities it is just a drop in the bucket. There is still a massive amount of upside. He recommends that everyone take a small position.

He describes how you can get started in the space and some of the key fundamentals that surround this new frontier.

Talking Points From This Weeks Episode
• Bitcoin and blockchains are a very disruptive technology.
• Cryptocurrency will replace global remittance market.
• Cryptocurrencies do not require trusted third parties.
• It’s a store of value that is very hard to confiscate.

About Our Guest

Mr. Teeka Tiwari is a Co-Editor at Palm Beach Research Group LLC. He is responsible for The Palm Beach Letter. Earlier, Mr. Tiwari was an Editor for Jump Point Trader and Mega Trends Investing at the firm. Previously, he was a hedge fund manager and launched a hedge fund. Prior to this, Mr. Tiwari was a Vice President, youngest in history, at Shearson Lehman. At the age of 18, he was the youngest employee at Lehman Brothers. Mr. Tiwari has been a regular contributor to the FOX Business Network and has appeared on FOX News Channel, CNBC, ABC’s Nightline, The Daily Show with Jon Stewart, and international television networks.

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