Understanding Bitcoin: From Novice to Pro
Peter McCormack, host of “What Bitcoin Did”, joins Real Vision senior editor Ash Bennington to discuss some of the fundamentals of Bitcoin and what makes it a hard money. McCormack explains how he discovered Bitcoin and how this encouraged him to learn more about the existing monetary policy tools and the problems they can cause. He describes his trip to Venezuela, a place commonly cited as a great example of why we need Bitcoin, and explains why this is slightly misleading. McCormack discusses his expectations for this bull market and how the space has matured significantly since the 2017 boom. Filmed on November 16, 2020. Key Learnings: From the perspective of someone with a non-financial background, McCormack provides insight into the importance of Bitcoin. He shares his learning progression — from discovering the potential concerns of inflation to recognizing the importance of a hard money that cannot be diluted at will. This offers beginners to Bitcoin a clear path to understanding the importance of the asset from a variety of angles.