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David Smith is a bitcoin investor and founder of Bitcoin Bulls, a website that helps bitcoin investors mitigate risks and access opportunities. He has been featured in CBS MoneyWatch and USA Today, and has educated congressional policy makers on bitcoin. Prior to focusing on bitcoin, Smith owned a mobile app development company.
1Interview
2014First on the show
Oct 2014Latest appearance
14 minOn camera
13:37
Latest interview · Oct 19, 2014David Smith discusses Bitcoin investing at Bitcoin BullsWatch the episode →
In their own words
“If it gets as big as the internet you know we're talking trillions of dollars that's for sure so we're talking about thousands of times returns on people's money.”
Key points from the latest interview
- David Smith operates two websites: So What's Bitcoin, a free educational resource for newcomers, and Bitcoin Bulls, which focuses on investment strategies for Bitcoin holders.
- Smith believes Bitcoin's monetary base could grow from around five billion to trillions if it achieves internet-scale adoption, potentially creating thousand-fold returns.
- Bitcoin democratizes investment opportunities by allowing anyone with an internet connection to participate, unlike the internet boom which primarily benefited wealthy entrepreneurs and venture capitalists.
- Smith is primarily focused on Bitcoin rather than altcoins, believing Bitcoin's ecosystem advantage and network effects will make it difficult for alternative cryptocurrencies to survive long-term.
- In Western countries, Bitcoin currently lacks practical utility for everyday transactions due to existing financial infrastructure, but Smith anticipates killer applications will emerge to drive mainstream adoption.