#1443 BlueCotton | Bitcoin Makes This Small Business Rich!
The Pomp Podcast
Anthony Pompliano
4.8 • 1.9K Ratings
🗓️ 25 November 2024
⏱️ 37 minutes
🧾️ Download transcript
Summary
Mike Coffey and Julie Denton-Price are the owners of BlueCotton, a small retail-grade screen printing business in Bowling Green, Kentucky. They previously plugged their business into the bitcoin network in a very unique way, and it is changing the lives of 130 employees. In this conversation we discuss, why they did it, how the employees earn bitcoin, and what the impact has been.
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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
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Transcript
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| 0:00.0 | What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp |
| 0:07.7 | podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, |
| 0:21.1 | and tell your friends and family about the podcast. My goal is to help millions learn from the |
| 0:26.5 | world's most interesting people. So let's get in to today's episode. What's going on, guys? |
| 0:31.6 | Today's a very, very important conversation. I think it may be one of the most inspiring |
| 0:35.8 | conversations I've ever had on this podcast. I have |
| 0:38.2 | Mike and Julie, the owners of Blue Cotton, a small business in Bowling Green, Kentucky. They previously |
| 0:43.9 | took their business and they've plugged it into the Bitcoin network in a very unique way. |
| 0:48.5 | And it is changing the lives of their 130 employees that work at their business. |
| 0:53.6 | Blue Cotton is an embroidery and screen printing business. |
| 0:57.0 | They have a bunch of hourly workers that work there, |
| 1:00.0 | they work hard, and they go home to their families. |
| 1:03.0 | But Mike and Julie came up with a fantastic plan |
| 1:06.0 | to help their employees earn Bitcoin |
| 1:08.0 | as long as they stayed around the business for a long time. |
| 1:11.7 | In this conversation, you're going to hear about why they did this, how it works, |
| 1:15.8 | and what the impact has been. |
| 1:17.6 | There's a lot of people who are interested in very big businesses, such as micro strategy, |
| 1:21.9 | BlackRock Fidelity, or countries buying Bitcoin. |
| 1:24.8 | But I believe the Bitcoin story is all about the people on the ground. |
| 1:29.7 | Fiat currency is money for the elites and Bitcoin is money for the everyday person. |
| 1:35.4 | What Mike and Julie have done here is they have used Bitcoin to infiltrate long-term thinking |
... |
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