Explained: Nik Bhatia’s Thoughts On Bitcoin Regulation

On today’s show, Preston interviews USC finance professor and the author of Layered Money, Nik Bhatia. Nik provides his thoughts on Bitcoin regulation. Preston Pysh How do you think about the regulatory front? Because that’s probably if what’s your biggest risk and then they always like to throw out, well, how’s the government going to regulate this? Aren’t you concerned about that? What are some of your thoughts on that? Nik Bhatia Well, I think that the United States government, which is the most powerful influential regulatory government in the world still is wildly accepting of Bitcoin and full embrace the proof is in the pudding. They treat it like a property at the IRS. So it was like on par with gold to the IRS. It’s regulated as a virtual commodity by the commodities futures trading commission. It is now the latest office of the comptroller of the currency ruling on these independent node verification networks, there’s a long new acronym that they have. They basically said that banks can use Bitcoin now to transfer money to each other as long as they follow the law. So it’s a wild endorsement from the United States government left, right and center. Subscribe to We Study Billionaires podcast show: https://open.spotify.com/show/28RHOkX... To access our show notes, courses or forums, go to theinvestorspodcast.com. ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ADDITIONAL INVESTING RESOURCES: Ask the Investors:    • Playlist   Asset Allocation Course:    • Asset Allocation Course   Real Estate Investing:    • 💸 Millennial Investing 🎯   Millennial Investing:    • Millennial Investing Explained   ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/f... Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/y... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.