Bitcoin

We had to do it. After 12 years and 3,000,000x appreciation, we
kick off Season 8 with the best investment of all-time and our
biggest episode ever: Bitcoin. From the first bitcoin transaction
of 10k for two Papa John's pizzas (worth about $350m today!!) to
$40k+ BTC and maybe the moon beyond, we cover the whole crazy,
improbable journey of how a single 8-page PDF document changed
the world of money — and perhaps the world itself —
forever. 





Sponsors:


WorkOS: https://bit.ly/workos25

Sierra: https://bit.ly/acquiredsierra

Sentry: https://bit.ly/acquiredsentry

Anthropic: https://bit.ly/acquiredclaude25






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The Bitcoin Playbook is available on our website at
https://www.acquired.fm/episodes/bitcoin





Links:


Satoshi's Whitepaper: https://www.bitcoin.com/bitcoin.pdf

Matt Huang's "Bitcoin for the Open-Minded Skeptic":
https://www.paradigm.xyz/Bitcoin_For_The_Open_Minded_Skeptic.pdf

Nellie Bowles's "Everyone Is Getting Hilariously Rich and
You’re Not":
 https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html

Square’s $50m investment in BTC:
 https://images.ctfassets.net/2d5q1td6cyxq/5sXNrlEh2mEnTvvhgtYOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_Whitepaper.pdf



Episode Sources: 


Full list of episode sources available here:
 https://docs.google.com/document/d/16QCDNm2qzG3Bn5h1j1KXisxL_JGT7egDx7czX9ThHLY/edit?usp=sharing