58: Bitcoin Volatility - To HODL or not to HODL?

HODL stands for Hold On for Dear Life. This week, Bitcoin experienced a 27% drop since its all time high at $65k USD. Believe it or not, this is a pretty normal thing for Bitcoin to do. This sort of volatility is, and should be expected. It’s part of the healthy growth cycle that Bitcoin goes through. Additionally, we talk about what sort of events around the world caused Bitcoin to take such a precipitous drop in price.

Lastly, we had to pay homage to an individual that is no doubt responsible for massively contributing to Bitcoin pre-2008. His name is Len Sassaman, and we can’t wait for you to hear who he was, and the life that he had.

Mentioned in the episode:

KeykeeperIRA - Holding Bitcoin in an IRA or 401(k) for potentially removing all future appreciation of Bitcoin from taxation.

News on Biden taxing capital gains at 40%

Keegan's newsletter on Len Sassaman

(00:00) - Introduction

(02:09) - Bumpy week in Crypto, and the philosophy of HODL

(06:27) - Could a proposed new Tax bill in the US have anything to do with the crypto dip?

(11:33) - Making the case for volatility

(16:00) - To HODL or Not To HODL?

(22:22) - Talking about Len Sassaman

(27:09) - What's to come for Bitcoin?

Edited and Mixed by Kaushik Sethunath.