I REALLY enjoyed this episode! I had heard one other podcast with Eric a while ago, so I was really looking forward to seeing you interview “the man who orange pilled Saylor." This was so good, I’ve already watched it twice, lol. Eric is super impressive and I really enjoyed his calm and thoughtful responses to your questions. As yet another Bitcoiner with Trad-Fi roots as a trader, his thoughts mean that much more to me. One of the more fascinating comments he made was that even though the price was far more affordable in the early days of Bitcoin, that on a risk-adjusted basis, it is a much better investment now, because there really was little reason to have such conviction back then. His explanation of Bitcoin Treasury companies continued to expand my understanding and was a great compliment to your recent interview with Preston. For example, I found it interesting how he contrasted Bitcoin Treasury Companies who raise capital to buy BTC with traditional companies who take pride in giving money back to the shareholders (yet they will typically need that capital in the future to survive). Really appreciated his candidness about how hyper-bitcoinization is a bit overblown and although things will become digital/tokenized, we are more likely to remain in a fiat-based currency system. His continuation that “as long we have nation states there are going to be currencies” was pretty impactful. Yet his comments that he sees a future where Bitcoin and USD can co-exist “harmoniously” gives me a bit of hope on that front. I was interested to get his take on CBDCs, so I was glad to hear him mention that he thought CBDCs were going to drive Bitcoin adoption more than anything. I found it super interesting that he referred to Bitcoin Treasury Companies and ETFs as a form of “domesticated Bitcoin,” in that it allows people across the world to invest in BTC without the risk of “currency flight” out of their country. Finally, his comment that in business it isn’t often that you get to champion something that is morally and ethically sound really resonated with me. This episode is chock full of valuable insights and interesting takes. Really got a ton out of this and cannot recommend it enough!
I REALLY enjoyed this episode! I had heard one other podcast with Eric a while ago, so I was really looking forward to seeing you interview “the man who orange pilled Saylor." This was so good, I’ve already watched it twice, lol. Eric is super impressive and I really enjoyed his calm and thoughtful responses to your questions. As yet another Bitcoiner with Trad-Fi roots as a trader, his thoughts mean that much more to me. One of the more fascinating comments he made was that even though the price was far more affordable in the early days of Bitcoin, that on a risk-adjusted basis, it is a much better investment now, because there really was little reason to have such conviction back then. His explanation of Bitcoin Treasury companies continued to expand my understanding and was a great compliment to your recent interview with Preston. For example, I found it interesting how he contrasted Bitcoin Treasury Companies who raise capital to buy BTC with traditional companies who take pride in giving money back to the shareholders (yet they will typically need that capital in the future to survive). Really appreciated his candidness about how hyper-bitcoinization is a bit overblown and although things will become digital/tokenized, we are more likely to remain in a fiat-based currency system. His continuation that “as long we have nation states there are going to be currencies” was pretty impactful. Yet his comments that he sees a future where Bitcoin and USD can co-exist “harmoniously” gives me a bit of hope on that front. I was interested to get his take on CBDCs, so I was glad to hear him mention that he thought CBDCs were going to drive Bitcoin adoption more than anything. I found it super interesting that he referred to Bitcoin Treasury Companies and ETFs as a form of “domesticated Bitcoin,” in that it allows people across the world to invest in BTC without the risk of “currency flight” out of their country. Finally, his comment that in business it isn’t often that you get to champion something that is morally and ethically sound really resonated with me. This episode is chock full of valuable insights and interesting takes. Really got a ton out of this and cannot recommend it enough!
Thank you Larry!!