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44. No Jargon Bitcoin – Ep. 1 What is Bitcoin with Pierre Rochard
February 05, 2021In this episode I speak with Pierre Rochard, Bitcoin Strategist at Kraken about the basics of bitcoin and what investors should know in order to understand the digital currency.
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In addition to bitcoin making its way into many of our living rooms through breaking news headlines, it has been a major focus for us here at VanEck for quite some time. Understanding the world of bitcoin can be intimidating, largely in part to it having its own language. Our CEO, Jan van Eck recognized this missing link and the need for investors to have jargon-free educational content around bitcoin.
Along those lines, we decided to extend that effort by producing a special podcast series dedicated to bitcoin education. This week, the first in this series, I welcome Pierre Rochard, Bitcoin Strategist at Kraken, one of the oldest and largest bitcoin exchanges, to help me break through some of the complicated jargon that surrounds bitcoin and explain things in layman’s terms. I begin the episode by asking the simple question that I think many still have a hard time answering simply: What is bitcoin?
Looking beyond the fixed 21 million bitcoin that populate the universe, Pierre also pops bitcoin’s hood and explains the three key characteristics investors should be aware of. As we dig in a bit deeper, Pierre explains mining and the important dynamic that takes place between nodes and the miners, bitcoin authenticity and value. Tune into the podcast to learn why freedom, decentralization and social consensus are the grounding principles of the cryptocurrency.
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Listen for Pierre’s take on day trading, central bank digital currencies and Austin, Texas.
Follow Ed Lopez @ThatEdLopez and Pierre Rochard @pierre_rochard on Twitter.
You can listen and subscribe to this podcast on Apple Podcasts, Google Play, Spotify, Stitcher, SoundCloud, and YouTube.
IMPORTANT DISCLOSURES
Please note that VanEck may offer investments products that invest in the asset class(es) or industries included in this blog.
The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.
Van Eck Associates Corporation
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