Why this ‘controversial’ podcast was taken down

From Justin Spittler, Editor, Casey Daily Dispatch:

“You have to listen to this podcast… It lays out the most bullish argument for bitcoin I’ve ever heard.”

I said that to our executive editor over lunch on Monday. I was talking about a recent episode of Off the Chain.

Off the Chain is a podcast about the blockchain and cryptocurrencies. Its host, Anthony “Pomp” Pompliano, talks with some of the most respected names in the crypto space to learn how they’re thinking about digital assets.

Every episode is packed with useful insights. But last week’s episode, “The Ultimate Bitcoin Argument,” was by far the most interesting one I’ve heard.

It featured a conversation between Pomp and Murad Mahmudov…

Mahmudov is a bitcoin enthusiast. He got involved in the space back in late 2013. Today, he works in the crypto space fulltime and is an angel investor.

Mahmudov is extremely bullish on bitcoin. He thinks the digital currency will eventually be worth trillions of dollars… and he makes a good argument for why this could happen.

This is why I strongly encouraged my manager (and many other colleagues around the office) to listen to it. But something strange happened when I tried to send her the episode – it wasn’t there.

It turns out that Apple had pulled the podcast…

Here’s what Pomp said about the matter:

undefined

After getting flooded with emails and messages, Apple eventually put the podcast back up. And you can listen to it here if you’d like.

Still, it’s weird that Apple censored this podcast in the first place… It’s not like Off the Chain is offensive.

So why would Apple do this? Unfortunately, I don’t have the exact answer. But it could be because it doesn’t want the message on bitcoin getting out.

And there’s a reason for this…

Bitcoin is a decentralized currency. There isn’t a government or central bank anywhere in the world that controls it.

That makes it a direct threat to politicians and central bankers. It also makes it a threat to the giant corporations that are in bed with big government.

Now, I realize that might sound like a crazy theory to some people. But longtime readers know that giant corporations often act as the government’s tentacles.

Plus, it’s not like this is the first time that a tech giant has suppressed crypto content. Google and Facebook both banned certain crypto ads earlier this year… in the name of protecting people, of course.

But despite these measures, they can’t stop bitcoin. As I’ve written in the past, bitcoin is here to stay. And it’s creating a massive moneymaking opportunity.

In fact, Mahmudov thinks bitcoin will replace paper money…

And I don’t mean just currencies like the Argentine peso or the Turkish lira. Mahmudov believes bitcoin will eventually unseat the U.S. dollar and the euro, too.

That’s a bold call. But you must realize something: About 99% of paper currencies that have existed have failed.

And it’s because governments can’t stop themselves from printing money… which destroys the value of a currency.

This can’t happen with bitcoin…

Its supply is set to grow at a diminishing rate over time. In other words, it’s designed to accrue value over time.

That’s why Mahmudov says bitcoin “will take more than 95% of the current market cap of fiat currencies.” That alone would make bitcoin worth many times more than it is today.

But Mahmudov doesn’t just consider bitcoin a threat to paper money. He’s sees it as a threat to financial assets like stocks and bonds.

To understand why, think about why people buy these assets. In most cases, it’s to preserve wealth. In other words, if you don’t invest, the money in your bank account will lose value over time.

Of course, people wouldn’t need to own as many stocks or bonds if their money gained value over time. And that’s exactly why Mahmudov thinks bitcoin will eventually steal market share from financial assets:

I like to describe bitcoin and sort of the entire phenomena as a grand wealth transfer event and I believe that it will be arguably the single biggest wealth transfer event in human history…

… Bitcoin will be a black hole that will absorb a tremendous amount of value. I believe, the total addressable market is somewhere between 100 and 200 trillion. I’d like to say it will be 160 trillion, so if bitcoin, and that is if we go off of the $10 million per bitcoin price, in today’s terms without even counting the inevitable hyperinflation of fiat currencies.

Keep in mind, bitcoin is trading at around $6,500. Mahmudov thinks bitcoin could eventually be worth more than 1,500 times its current price.

Now, I realize that’s an extremely bullish case.

But even if Mahmudov’s thesis is only partially right, you could make an absolute fortune in the coming years…

So consider buying bitcoin if you haven’t already.

Just remember that bitcoin is highly speculative. So only bet money that you can afford to lose. Don’t obsess over day-to-day moves. And perhaps, most importantly, have a long-term time horizon.

Investors who take these measures set themselves up for huge returns, without exposing themselves to catastrophic losses.

Regards,

undefined

Justin

P.S. We know that the crypto space is still new and confusing to many investors. That’s why our good friend Teeka Tiwari, world-renowned crypto expert, has created our first-ever Crypto Master Course.

This course will teach you the ABCs of cryptocurrencies and their underlying blockchain technology. It includes video lessons, instructional guides, downloadable resources, and a free electronic copy of Teeka’s new book on cryptocurrencies, New World Money.

Click here to discover it for yourself.

× Subscribe to Crux
Want more posts like these?
Like us on Facebook?
Crux Contributors