How France Can Reel in Bitcoin Miners and What Financial Advisors Need to Know About BTC

The Quest for Bitcoin Miners in France

During the Surfin’ Bitcoin 2022 event, Pierre and Morgen Rochard, beloved hosts of the Bitcoin for Advisors podcast, spilled the beans on how France can start attracting those elusive Bitcoin miners. According to Pierre, a big boss at Riot Blockchain, two key elements could make France more appealing: strong mining policies and a power grid that makes miners feel at home.

Nuclear Power: The Secret Sauce

The Rochards said France needs to play the nuclear card. Pierre stated, “We’re seeing Japan is now opening up or changing policies on nuclear power, and I think that France should reinvest in its nuclear power, and really they should be able to attract Bitcoin miners more easily.” In other words, if France can create a stable environment for miners along with reliable energy sources, they’ll be lining up with their pickaxes in hand.

Bitcoin: The Financial Planning Unicorn

Switching gears, the conversation took a deep dive into financial planning. As a certified financial planner, Morgen discussed the pressing questions of inflation and money management when it comes to Bitcoin. She put it bluntly: “Most of my profession is about saying, hey, that cash you’ve got there, stop holding all that cash. We need to move it immediately into an investment because it’s, as Saylor called it, it’s a melting ice cube.” So, stop hoarding those benjamins folks – get your money to work!

Understanding Bitcoin’s Place in a Portfolio

Morgen highlighted that many clients are already hip to the game — some even eager to throw a chunk of their portfolio into Bitcoin. “The financial planning situation really overall kind of helps people to think about it,” she said, expressing optimism that BTC can be thoughtfully integrated into broader investment strategies.

Bitcoin vs. The Rest: A Maximalist Perspective

When the topic shifted to other cryptocurrencies, the duo donned their Bitcoin maximalist caps. Morning quipped, “There’s something like Dogecoin, […] but it’s basically a copy of Bitcoin. But it’s still fiat, right? Because they’re constantly inflating it.” She further elaborated on Ethereum’s lack of clarity regarding its supply, leaving some Bitcoin purists shaking their heads in a slow clap.

Pierre supported her sentiments, emphasizing that the Bitcoin protocol minimizes uncertainty, unlike other cryptocurrencies. He asserted, “Bitcoin is the best engineered digital monetary network, and everything else is worse.” In a world of imitation tokens, it’s clear these two are waving the pure Bitcoin flag high.