Click to download audio version In this episode of the “Bitcoin
Bottomline,” hosts Steven McClurg and C.J. Wilson discussed how to alter your
portfolio allocation based on inflation, what the infrastructure bill means for
Bitcoin and how legislative involvement plays a part in the Bitcoin space. This
episode dove into the details of the proposed U.S. infrastructure bill,
including providing perspective on the terminology in the bill. McClurg
explained the term “broker” and how the definition of the word in the new
infrastructure bill differs from that of a crypto broker, using the example of a
real estate broker. McClurg explained how bitcoin falls under the same rules as
real estate, since it’s considered by the IRS to be property and not currently
viewed as a security by the U.S. Securities And Exchange Commission. He went on
to say that in terms of the new bill, bitcoin “should be an exemption, and I
think it will be.” They later discussed Wilson’s meeting with Senator Ted Cruz
and his interest in Bitcoin, which was made possible by the actions that
Bitcoiners have taken in outreach to political representatives to publicly speak
on the matter. Inflation is on the rise, and McClurg gave some advice to
listeners: “It doesn’t make sense to own bonds anymore,” he said. “Owning
property, bitcoin, real estate, art, or any other kind of hard asset, those are
the only things that can protect you from inflation that’s coming.” Wilson
touched on the “freedom” and “future” aspects of Bitcoin. “Whatever you have in
your bitcoin holdings today could potentially be a down payment for a house in
the future,” he said. Wilson and McClurg closed out the episode with a
conversation about how inflation might be worse than we thought. “You’re seeing
people gobbling up all these hard assets that are saying ‘this is a special
thing because it’s unique.,” Wilson stated. McClurg shared another perspective,
explaining how “not everyone has the ability to plow into hard assets to protect
themselves.” This begs the question: With the prices of houses and cars
exponentially increasing, while wages stay relatively the same, how will the
average American, living paycheck to paycheck, retire? Follow us on social
media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram:
@bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson:
@str8edgeracer DISCLOSURE: The opinions presented herein are solely of the
individual and not necessarily representative of Valkyrie Investments Inc. and
their affiliates. There is no guarantee that any specific outcome will be
achieved. Investments may be speculative, illiquid and there is a risk of total
loss of your investment. Past performance is not indicative of future
results.
Bottomline,” hosts Steven McClurg and C.J. Wilson discussed how to alter your
portfolio allocation based on inflation, what the infrastructure bill means for
Bitcoin and how legislative involvement plays a part in the Bitcoin space. This
episode dove into the details of the proposed U.S. infrastructure bill,
including providing perspective on the terminology in the bill. McClurg
explained the term “broker” and how the definition of the word in the new
infrastructure bill differs from that of a crypto broker, using the example of a
real estate broker. McClurg explained how bitcoin falls under the same rules as
real estate, since it’s considered by the IRS to be property and not currently
viewed as a security by the U.S. Securities And Exchange Commission. He went on
to say that in terms of the new bill, bitcoin “should be an exemption, and I
think it will be.” They later discussed Wilson’s meeting with Senator Ted Cruz
and his interest in Bitcoin, which was made possible by the actions that
Bitcoiners have taken in outreach to political representatives to publicly speak
on the matter. Inflation is on the rise, and McClurg gave some advice to
listeners: “It doesn’t make sense to own bonds anymore,” he said. “Owning
property, bitcoin, real estate, art, or any other kind of hard asset, those are
the only things that can protect you from inflation that’s coming.” Wilson
touched on the “freedom” and “future” aspects of Bitcoin. “Whatever you have in
your bitcoin holdings today could potentially be a down payment for a house in
the future,” he said. Wilson and McClurg closed out the episode with a
conversation about how inflation might be worse than we thought. “You’re seeing
people gobbling up all these hard assets that are saying ‘this is a special
thing because it’s unique.,” Wilson stated. McClurg shared another perspective,
explaining how “not everyone has the ability to plow into hard assets to protect
themselves.” This begs the question: With the prices of houses and cars
exponentially increasing, while wages stay relatively the same, how will the
average American, living paycheck to paycheck, retire? Follow us on social
media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram:
@bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson:
@str8edgeracer DISCLOSURE: The opinions presented herein are solely of the
individual and not necessarily representative of Valkyrie Investments Inc. and
their affiliates. There is no guarantee that any specific outcome will be
achieved. Investments may be speculative, illiquid and there is a risk of total
loss of your investment. Past performance is not indicative of future
results.
