Jun 4, 2021 · 15m · founders-journal
Why and How I Bought Bitcoin
0:00 / 0:00
gold bands on the timeline = statements, start to end. Hover to read, click to jump. CC turns on captions
Morning Brew co-founder Alex Lieberman explains his rationale for purchasing Bitcoin, using his investment process to illustrate a disciplined four-step framework for decision-making and calculated risk management.
Statements from this episode (5)
Lieberman Bought Bitcoin at $35,800 in Mid-2021
“So a few days ago, I bought Bitcoin. The price was 35,000 dollars. I actually was 35,800 dollars”
Lieberman Invested 0.25% of His Net Worth in Bitcoin
“So on May 21st, I put roughly .25% of my net worth into Bitcoin.”
Lieberman: Bitcoin Is the Front-Runner to Replace Gold
“Well, the view is that there is a very good chance that something is going to replace gold as a store of value. And if that happens, Bitcoin is the front runner to become the new gold, or as people refer to it, the digital gold.”
Lieberman: 20% of All US Currency Was Created in 2020
“For context, one in five US dollars was created in 2020. Just let that sink in for a second. 20% of all the currency In the United States economy today was created in the last year.”
Lieberman: Bitcoin Is Unlikely to Become a Transactional Currency
“Some people believe Bitcoin also has the potential to become a medium of exchange or a currency where you can actually Go to a store and pay in Bitcoin. You can transact with people in Bitcoin, but given certain limitations to the cryptocurrency, I see that be…”