Bitcoin RISKS: Chat with ARK Invest's Yassine Elmandjra (Ep. 199)

Yassine Elmandjra is an analyst with ARK Invest covering Bitcoin, Crypto and Blockchain technologies. We discuss what is Bitcoin, potential risks, and various future scenarios. Yassine on Twitter: yassineARK Bitcoin As An Investment by Yassine, https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARKinvest_091729_Whitepaper_Bitcoin_II_An%20Investment.pdf Timestamps: 0:00 - Intro 1:00 - Start of interview 4:15 - The fallacy of BTC scarcity 5:30 - Comparing BTC to TSLA 7:50 - BTC as an asset 11:15 - BTC’s main value proposition is eliminating optionality of human decision 13:00 - Scarcity is linked to demand 17:30 - Role of BTC miners 19:44 - Forking BTC 20:45 - Software alone does not determine value of BTC 21:33 - Scarcity is not the lone value proposition of BTC 23:15 - BTC as a currency 26:20 - Pegging a commodity as an asset 27:20 - What’s the main value proposition of BTC? 30:15 - Protection of assets from seizure 32:40 - BTC more a commodity than currency 35:00 - BTC as a digital asset 37:25 - BTC’s original purpose as currency 38:25 - BTC’s weakness as currency 40:00 - Benefits of BTC choosing security over speed 42:50 - Lightning network 44:40 - Government crypto 46:00 - Government crypto as a threat to personal liberties 48:15 - Benefit of a way to transact outside of gov crypto 53:40 - Will governments ban BTC? 58:24 - Banning BTC like banning gold 1:06:20 - Banning BTC different from banning gold 1:07:40 - Institutions holding BTC opportunistic 1:08:20 - FB libra vs BTC 1:09:48 - China, Iran, North Korea on BTC 1:13:00 - On India banning BTC 1:16:45 - When does BTC become existential threat to gov? 1:22:25 - The profound nature of BTC 1:30:15 - Inherent investment risks of BTC vs stocks 1:40:00 - Tracking BTC’s demand 1:49:40 - Value by demand vs value by intrinsic value 1:55:22 - BTC is disinflationary 1:57:50 - How Yassine got hired at Ark 2:06:12 - Conclusion 🐦 Dave Lee on Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. Buying a Tesla? 🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556 ☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556 Videos: Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7 Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768Subscribe to Dave Lee on Investing on Soundwise