Mike Cook

Close up of Mike from his discussion with Jake

Episode #16

26/02/2025

"a decision making framework"

Entrepreneurship, Venture Capital, & Self-Custody

Mike Cook from BitcoinMentor discusses entrepreneurship and venture capital
Close up of Mike from his discussion with Jake
Close up of Mike from his discussion with Jake

In Episode 16 of The Jake Woodhouse Podcast, Mike Cook and I explore why Bitcoin is the new savings technology, how to build humanistic capital and leave a family legacy, the future of venture capital investing on a Bitcoin standard, the problems with saving in fiat, building “Bitcoin Mentor”, and what the optimal self-custody setup is for you. Mike Cook is an entrepreneur, investor, and co-founder of Bitcoin Mentor.

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Bitcoin Mentor Website

Bitcoin Mentor X: @theBTCmentor

 

TIMESTAMPS:

0:00 – Why Buy Bitcoin? Why Not Bitcoin?

3:11 – Bitcoin: Savings Technology

5:21 – Building a Legacy and Generational Wealth

12:39 – Developing a Decision Making Framework

18:53 – The Future of Entrepreneurship and Bitcoin

23:10 – Building Bitcoin Mentor

29:11 – Venture Capital Investing: Beating Bitcoin Hurdle Rate

42:35 – The Problems with Saving in Fiat

46:59 – The Future of Bitcoin Mentor

49:23 – What’s the Best Self-Custody Setup?

54:00 – Where to Find Mike and Bitcoin Mentor

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Why Bitcoin? Why Not Bitcoin?
Mike unpacks Bitcoin as more than just a speculative asset—it’s a principled response to a world plagued by monetary mismanagement. He sees it as the antidote to fiat systems that steadily erode the value of time and labor. For Mike, Bitcoin is a savings technology, one that offers individuals a way to store their “life’s work” in a fixed, incorruptible monetary asset. The key differentiator isn’t just scarcity (21 million), but that Bitcoin uniquely aligns with human time preference and offers sovereignty, especially important in a world of rising inflation, government overreach, and financial censorship.

Family, Legacy, and Sound Thinking:
Mike connects the Bitcoin ethos to deeper life philosophies—building a legacy, raising self-sovereign children, and taking responsibility for one’s outcomes. His reflections on parenting reveal how principles from sound investing—like long-term thinking, risk assessment, and learning from failure—mirror the journey of raising a family. He emphasizes storytelling, transparency, and resilience, noting that the greatest legacy isn’t wealth itself, but wisdom passed on. This dovetails with his view that Bitcoin is not just for personal wealth preservation, but a long-term intergenerational tool.

Building and Mentoring on a Bitcoin Standard:
Now building Bitcoin Mentor, Mike explains how teaching others about Bitcoin keeps him sharp, engaged, and connected. He views mentorship as a relationship built on care, responsibility, and personalized guidance—meeting people wherever they are on the learning curve. Rather than selling a one-size-fits-all setup, Mike’s approach emphasizes empowering others to progress toward secure, sovereign custody based on their unique risk tolerance and lifestyle. The service acts as a trusted guide through the noisy and often predatory crypto space.

Bitcoin as the New Hurdle Rate:
Mike frames Bitcoin not just as a “don’t get poor” strategy, but as the new risk-free rate. In a world where Bitcoin compounds at 60% CAGR and has no counterparty risk, investors must seriously weigh whether illiquid, high-risk early-stage ventures justify forgoing Bitcoin exposure. While venture investing might make sense for entrepreneurs with unique insights, relationships, or energy to compound effort and capital, Mike sees a clear bar: if you’re not outpacing Bitcoin, you’re going backwards. That lens is redefining investment decision-making and redefining capital allocation in a Bitcoin-native world.

What’s Next?
Mike is energized by helping build the infrastructure and education around Bitcoin—whether it’s onboarding new users through Bitcoin Mentor, helping people take control of their private keys, or supporting sound businesses that serve the Bitcoin economy. He believes that freedom go up is more important than number go up, and that Bitcoin’s greatest gift is personal agency—the ability to act without permission, store value without risk of seizure, and build without arbitrary constraints. Through mentorship, entrepreneurship, and a long-term view, he aims to help others achieve the same sovereignty he’s found.