Jim Surowiecki calls it a failed currency. Aaron Bush calls it the ultimate Rule Breaker. Who is right? Could it be both? In this episode of Rule Breaker Investing, Motley Fool Co-Founder David Gardner is joined by these two crypto-luminaries to talk about bitcoin.
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This video was recorded on February 16, 2021.
David Gardner: I’ve had lots of fans scripting the opens to my show for years now. It started when guest star Priya Parker, author of The Art of Gathering, joined me on this podcast a few summers ago and reminded us to never start a funeral with logistics. By which she meant that the moment at the start of a gathering or podcast, and the moments at the end, those are the real moments that matter, and so put extra effort into them. Don’t tell the people gathered at a memorial service at its very start, don’t lead off with, “Someone left their lights on in Level 2 of the parking garage, and their license plate is blah-di-blah-di-blah.” Don’t do that. You’ll lose such a key opportunity. From that following week’s podcast onward, for years now, I have made a point of pre-scripting what I say to you upfront each week. It’s what I’m doing right now. Well, what’s ahead this week? I don’t know that this week’s topic needs any further introduction than just its name. Bitcoin. Only on this week’s Rule Breaker Investing.
Welcome back to Rule Breaker Investing. Thinking back to that Priya Parker interview, I’m reminded one week after we just brought you Blast From The Past, that that was a wonderful blast from the past. In fact, I highly recommend googling: Rule Breaker Investing, Art of Gathering, and going back and listening to that Blast From The Past if you hadn’t previously encountered it. Anyway, that was then, and this is now. I am delighted this week to be joined by two of my favorite people helping me and you think about the future, and maybe how it informs the present that we’re all living through. If we’re talking of the present of bitcoin and the many things tied to it today, the sky-high price that it has achieved in the market’s mind in recent weeks and months and all of the implications of that, I’m delighted to be joined this week by my longtime friend, Jim Surowiecki, and my longtime co-worker, Aaron Bush. They are my two guest stars to discuss bitcoin with you this week. Jim is the author of the book The Wisdom of Crowds. He writes a business column for Marker, he blogs at surowiecki.medium.com. Now, you may not know how to spell Surowiecki. I’m going to do it for you right now because I think Jim’s worth reading. His last name is spelled S-U-R-O, that’s the easy part. W-I-E-C-K-I, so S-U-R-O-W-I-E-C-K-I.medium.com,…