Bitcoin Financial Advice with Pierre & Morgen Rochard - WBD727

Pierre Rochard is a VP of Research at Riot Platforms and Morgen
Rochard is the founder and lead financial planner of Origin
Wealth Advisers LLC. In this interview, we discuss the potential
of Bitcoin, its growing legitimacy, the importance of using it
responsibly and the misconceptions surrounding it. We also
discuss the potential impact of a Bitcoin ETF, the role of
stablecoins, and the state of the global economy.


- - - -


Pierre & Morgen Rochard have expertise across both the
technical and financial aspects of Bitcoin. It was therefore an
opportune moment to take a deep dive into where we currently are
in relation to Bitcoin’s purpose, its security and susceptibility
to attack, its role as part of an investment portfolio, and its
fundamental role as a new form of money.


We discussed Pierre’s evolved perspective on the interaction of
transaction fees, energy use and security. Fundamentally, does
the brilliance of Bitcoin’s original design and the game theory
behind a 51% attack, mean that it is unlikely to be attacked?
Therefore, is the effort in trying to ensure transaction fees are
high enough to increase security becomes moot?


Further, we talk about the importance of using Bitcoin
responsibly and in a way that can make the world a better place.
Should the freedom provided by Bitcoin be used to make positive
choices and improve the world, rather than for non-essential
purposes like putting jpegs on the blockchain? If blockspace is a
scarce and valuable commodity, should there be a moral consensus
on how it is used?


Morgan shared her perspective on investing in Bitcoin and the
general advice to consider it as a long-term savings asset.
Morgan advises against using leverage and suggests a 30-50%
allocation as being appropriate for most people. We also
discussed the topic of adoption and whether it needs to be at a
slow pace to enable the rebalancing of portfolios. This is
important as people realize that Bitcoin is a backup plan in case
the fiat economy fails.


We discussed the growing legitimacy of Bitcoin within important
groups. This reinforces the importance of investing in education
and public policy to fight misconceptions and ensure that the
truth about Bitcoin is being shared. We also touched on the
potential impact of a Bitcoin ETF, highlighting the limitations
of ETFs, and the importance of encouraging individuals to own
Bitcoin outright and holding their own keys.


-


Show notes:
https://www.whatbitcoindid.com/podcast/bitcoin-financial-advice


This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence
OrangePillApp - Stack Friends Who Stack Sats