RISKIEST ALLOCATION TO BITCOIN? ZERO - Lawrence Lepard - BFM031

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links.bitcoinformillennials.com
Lawrence (Larry) Lepard is a career investment manager who focuses on sound money and manages funds related to gold, silver, and Bitcoin. He is known for sharing his views on the state of the global financial system, inflation, and the need for sound investments to protect against currency debasement. His ideas and explanations around these topics have helped me immensely in my learning journey about finance, so I am grateful to record this episode with him. I hope you enjoy it!
→ Follow Lawrence on / lawrencelepard
3 Takeaways 💡
- Efficiency, rather than constant growth, should be the focus of an economy, and sound money plays a key role in achieving efficiency. Sound money is hard to produce and therefore scarce, incentivizing value creation.
- Inflation is a hidden tax that diminishes the value of money and erodes wealth.
- Bitcoin is an invention that introduced digital scarcity, making it a superior form of money compared to gold.
Timestamps 🕑
00:00 - Introduction and Gratitude
01:14 - Bitcoin Atlantis and Takeaways
04:11 - Inflation as a Silent Form of Theft
06:09 - The Impact of Unsound Money on Society
07:37 - The Growing Awareness of Unsound Money
09:16 - The Flaw in the Keynesian Model
12:38 - The Debt Crisis and the Inevitable Blowup
14:04 - The Concept of Inflation and Value
15:37 - The Fallacy of Influencing Human Behavior
21:54 - The Severe Debt Crisis and the Need for Sound Money
25:24 - The Historical Perspective of Sound Money
27:19 - The Absurdity of Rising Prices and the Need for Efficiency
29:18 - The Role of Government in a Sound Money System
31:43 - The Potential Benefits of Sound Money
32:37 - Understanding Sound Money
34:03 - The Role of Government and Taxes
35:05 - Inflation as a Hidden Tax
36:21 - The Growing Wealth Disparity
37:08 - The Importance of Adding Value
39:11 - Bitcoin as a Solution
43:21 - Defining Wealth and Its Importance
45:30 - The Personal Journey to Understanding Bitcoin
48:10 - Bitcoin as a Test of Humility
54:22 - The Experiment of Bitcoin
59:47 - Understanding Bitcoin's Volatility
01:03:27 - Allocating Investments in Bitcoin
01:04:30 - Bitcoin as an Invention and Digital Scarcity
01:07:13 - Bitcoin as Digital Gold
01:09:09 - Bitcoin as a Hedge Against Monetary Debasement
01:12:00 - The Asymmetric Bet of Bitcoin
01:14:10 - The Risk of Losing Faith in Bitcoin
01:16:08 - Bitcoin's Potential to Replace Fiat Currencies
01:19:59 - The Importance of Buying Bitcoin
01:23:05 - The Invention of Digital Scarcity
01:26:31 - The Timeline for Bitcoin's Adoption
01:30:01 - The Inevitability of Hyperinflation
01:32:02 - Core Belief in Optimism and the Goodness of Humanity

[@bramk]

I loved this conversation with Lawrence! Let me know what you think below? 🙏🙏 It could unfortunately be that some audio was not synced correctly as Lawrence froze 2/3 times, so I am not interrupting him, it is the sync 😆

[@ryanbaileyboxing]

It's him that's interrupting you not other way around lol

[@bramk]

@@ryanbaileyboxinghaha I think it is the sync there too

[@Luke-cj7gz]

Larry is one of the best!

[@ErikaRamadan]

Fascinating interview. “The government has done a great job at convincing us it’s the corporations fault for inflation - higher prices and having less product, when in fact it’s the government’s policies + central bank contribution to both” 💥

[@bramk]

💯

[@np1663]

Lawrence is level headed and clam. He’s one of the best people in the Bitcoin space. Excellent interview.

[@bramk]

I agree! Thanks

[@chris_schenkel]

Clam is what I look for. The problem with stupid people is that they don't know they are stupid.

[@Notme36912]

Larry is butter than any other guest

[@jh2666]

he's def not a crab or lobster

[@Paintbug]

Thanks, Bram! I just subscribed. I first met Larry during the 2008 Ron Paul for President campaign. I can tell you that his passion for improving the human condition, and his commitment to hard money has never wavered in all the time I've known him. We are fortunate that he generously shares his knowledge, insights and years of financial experiences with the Bitcoin community. You asked some great questions. I enjoyed the conversation.

[@bramk]

Thanks for sharing!

[@kenb5279]

The risk is not owning Bitcoin. Rather, the risk is not owning Bitcoin.

[@bramk]

💯

[@frans.nadeak]

Thank you: Lawrence. Thank you: Bram!

[@GreggRubin]

Larry Always speaks the Facts.

[@dgunn2817]

Great conversation. Larry Lepard really gets it.

[@bramk]

Thank you!

[@PanSearedRibeye68]

When I grow up I want to be like Mr Lepard.

[@darrenpalliaer8928]

Great guest. Seen Larry on many other podcasts. Encouraging to see your getting quality guests. Keep it up Bram, your excelling in your talent here. ❤

[@bramk]

Much appreciated!

[@JimJamJuicy]

Great conversation thanks for doing it 🤙

[@bramk]

🙏🧡

[@Orangepilldispencer]

Let's go, Orange team!!!!!! Another great interview my friend! 🧡

[@bramk]

🙏

[@highhashrate]

Always enjoy hearing Lawrence's perspective

[@Zoofactory]

Great guest to have! 👍

[@bramk]

🙏 very grateful for that!

[@chrismale9976]

Been waiting for this 🙌🏼

[@bramk]

🕺🕺🕺

[@Cdarlosfletch58]

Top man ! but after all it’s a investment ! That goes up and down it’s like a baby it needs nurturing to make it strong !! 😊

[@treycaldwell4118]

Hilarious Dynamic here with both parties talking over each other I've never actually witnessed that to this degree😂

[@bramk]

See pinned comment

[@stacknchill]

Letsss gooooooooo

[@dpark1018]

Great content you just earned a new subscriber 👍🏼

[@bramk]

Welcome aboard! 🫡

[@aspilotro8959]

Great video

[@bramk]

Thanks!🙏

[@stuartnicoll9359]

Great Show. I love listening to LL. Could you post a link to the NDX/M2 you mentioned?

[@bramk]

Thanks! Go to tradingview.com, make a free account and see for yourself :)

[@stevehalverson790]

I consider myself a conservative politically. Totally agree that both the blue team and red team stink. I’ve come to believe they are just two sides of the same coin. I’ll still vote Republican, but I’m disillusioned by all of them except Trump..

[@vpnconsult]

If you did mortgage your house, company, boat and wife to buy more, you're under-invested.

[@bramk]

*did not

[@BLBell]

His one of the BTC god 🙏

[@bobby4500]

what do experts think about alt coins? solana, cardano or xrp?

[@bramk]

Sell’em all for Bitcoin - watch this entire video to learn why kzbin.info/www/bejne/mmisdWacgKZ5h68si=dEjqBf5dMCrxdcDt

[@user-ol7tl1vf5m]

If one cannot snap their fingers and Bitcoin appears, then it must be real hard. 😁

[@skijay2010]

America and west in general doesn't have the politburo but it does have a private version of it called Wall Street etc. if USSR politburo was the pan, these private central planners are the fires.

[@chrispmar]

Awesome interview. Am jisr waking up to Bitcoin in the last week. I've known about the corrupt financial system for almost two decades but had no clue what to do about it other than by trying to raise the "spiritual consciousness" of myself which I think is a load of shit now. Yes, I want to love my fellow human, but now I see I do that by giving all something of value.

[@bramk]

Thanks for sharing Chris! Bitcoin is the way to remove yourself from the system and eventually also raise your consciousness. Check out episode 23 of my podcast with Eric Stacks and also episode 4!

[@chrispmar]

@@bramk Awesome. Thanks Bram! I love how you reply to everyone. I am working on making more Fiat to gradually convert to Bitcoin. Right now I have no savings and am just barely living paycheck to paycheck. Regardless, I am so excited and feel so positive about the future of humanity. You don't need to reply to this, and if you do I won't keep replying back. Lol. All the best. I appreciate all that you are doing to spread the word.

[@bramk]

🧡🧡🧡

[@Namegoeshere-op9hg]

You need to remember there’s a lag when it comes to TCP/IP transmissions. Not everyone has a low latency connection. Let the guest speak during collisions.

[@bramk]

Ok - see pinned comment ;)

[@lamanana6951]

💪😎❤

[@chucksirois1142]

a quarter back then was made of silver

[@williamholden4312]

Definitely so our world has gotten much worse compared to over 40 years ago. We have technology now that is exponential but human behavior that is degrading just as fast among other problems.

[@gmw3083]

I'd like someone to explain how bitcoin survives the 'fall of all nations'. That's a euphemism for what I really mean.

[@bramk]

Be more specific?

[@gmw3083]

@@bramk the collapse of civilization

[@gmw3083]

@@bramk That posted. You have your censors set on low. I usually can't get that phrase to stick.. Edit: I'm now banned. That's funny. . . . . .

[@m.vonhollen6673]

If that happens, how much you have invested in Bitcoin will be the least of your worries. Think about it, please.

[@gmw3083]

@@m.vonhollen6673 I'm actually looking forward to it and preparing. It's inevitable. You don't have to look that hard to see it on the horizon...

[@ryanbaileyboxing]

This guy is brilliant but needs to let the interviewer finish his questions without interrupting

[@bramk]

See pinned post

[@ryanbaileyboxing]

@@bramk copy

[@m.vonhollen6673]

American wars aren’t useless. They have to keep that machine well oiled and running. The companies that make all that weaponry have to turn a profit. Not a good situation but it is what it is.

[@bramk]

That is the entire point of fiat money

[@m.vonhollen6673]

@@bramkI own Bitcoin and understand how great it is, but how does that affect the need for a well-oiled war machine? We still have to be locked and loaded for possible conflict with another entity. Right?

[@bramk]

That is different than actively starting conflicts?

[@heinrichpelser]

This Lawrence dude looks like he has been left by his buddies at the 19th hole of a run down golf course in Florida.

[@bramk]

He's a proper legend mate

[@ryanbaileyboxing]

2026 and 2035 will be the big crashes

[@bramk]

Ok

[@ryanbaileyboxing]

​@@bramkbased on the 1875 dated chart "periods when to make money" that has held accurately til now and based off the market cycle data

[@marktaylor3921]

For gods sake Lepard, you talk all over your host. It should be obvious but i guess it isn't, you both cannot TALK at the same Fucking Time!

[@bramk]

See pinned comment

[@TomekNYC1]

Dude stop talking over people its annoying

[@bramk]

Check pinned comment dude

[@darrenpalliaer8928]

Trolls amongst here.

[@bramk]

Yeah it is boring

[@renan3916]

why you never let people talk, please stop interrupting guests dude, that's so fucking annoying

[@bramk]

See pinned comment and wash your mouth