Dan and Trent break down a very effective mental model for thinking about Bitcoin.

Episode #4: Digital Gold

• Bitcoin can be tough to explain
• “Digital Gold” is a very effective mental model.  Elevator pitch for Bitcoin
• Why did gold emerge as the dominant monetary asset everywhere in the world 
• Hard money humans cannot corrupt.  Plus it is very durable and also divisible
• Gold worked as a store of value in the analog world, but we now live in digital age
• Demographics: world becoming more and more digital every day
• Now 8 billion people everywhere in the world can own digital gold
• The countries with the fastest growth rates need it the most
• If all Bitcoin does is become digital gold, it is a 20x return
• But Bitcoin is actually 100 times better than gold, so it is not stopping there.  Bitcoin will absorb value from every asset class in the world
• Today’s song: Golden Years by David Bowie