Responding to Peter Mallouk’s Bitcoin Critiques

Andy Flattery & Zach from Casa respond to the bitcoin comments of Creative Planning’s Peter Mallouk:

  • BTC is “Palm or Blackberry..” but blockchain will revolutionize everything?
  • “Too speculative” to be a currency?
  • But anyone can create their own cryptocurrency?
  • Investors in the S&P 500 would benefit anyway (from companies who hold it on the balance sheet)?

Sources Used in This Episode:

“To be honest, it’s not just Peter Mallouk. The whole population has forgotten the importance of bearer assets and self custody.” – Zach from Casa

Author

Andrew Flattery, CFP®

Andy Flattery is a CERTIFIED FINANCIAL PLANNER™ and Owner of Simple Wealth Planning. He serves young and affluent families that are working to lower their time preference and achieve financial sovereignty. Flattery is the host of The Reformed Financial Advisor Podcast, where he relates stories in Kansas City history to pivotal themes in personal finance. When he’s not helping individuals build wealth, you can catch him playing rec sports, reading Austrian economists, and spending time with his wife and three children.