Preston Pysh: Investor, Author, Educator

The Old Grad Story: 

Preston was an Apache Pilot, who found a fascination with wealth-building and crypto while still in uniform. He researched the investment strategies of Warren Buffet and other prominent billionaires, then sought to emulate these strategies himself, while sharing his insights with others through his books and his podcast. Wary of brewing risks in global, sovereign currencies, Preston bought his first Bitcoin in 2015, and has been passionate about educating others on investments and crypto ever since.

Old Grad Knowledge:

I’m excited to see Gary Gensler coming into the SEC – [Gary] taught the blockchain class at MIT, I think [his appointment is] a very smart decision for our country.

You don’t ban Bitcoin; you ban yourself from using Bitcoin.

Take care of your peers and subordinates in the same way you’d take care of your superiors; if anything, focusing more on your subordinates will lead to better success.

Believe in yourself and think big – you can achieve anything if you’re willing to sacrifice for it. Don’t let your mind be a limiting factor when you’re trying to achieve something.

Insights on Cryptocurrency Macrotrends in a Post-pandemic Market

·         Crypto is in a unique moment – pandemic stimulus packages are raising concerns on inflation within conventional currencies, and increasing interest in crypto as a hedge.

·         The legitimacy of crypto has been boosted by nearly limitless demand from institutional investors, in stark contrast to the 2017 demand, which was predominately from retail.

·         Individual currencies are protocols are differentiating; consequently, pricing trends have decoupled to a much greater extent, reflecting deeper market insight on each currency.

·         “Quantitative Easing,” following the 2008-09 crisis, seems like a Band-Aid on a sucking chest wound. Governments around the world manipulated the cost of capital, and in the process, “broke” their sovereign currencies.

o   Crypto solves this issue, by disincentivizing manipulation and debasement of capital costs.

·         Central bank digital currencies wouldn’t solve the issue of a fixed number of monetary units, since debasement isn’t an issue with the sovereign currencies themselves, it’s an issue of fiscal spending and the centralized protocols that central banks follow.

·         Central bank digital currencies stand on the other side of the conceptual spectrum from “true” crypto – they almost eliminate financial privacy, where “true” crypto preserves it.

·         For interconnection between the various blockchains – the theoretical Gen-3 technology – the winner remains to be determined.