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BTC248: Bitcoin’s Institutional Wave w/ Willy Woo, Max Kei, Efrat Fenigson, and Preston Pysh at Baltic Honeybadger (Bitcoin Podcast)
Manage episode 501268298 series 1394353
A sharp panel debates Bitcoin’s “institutional phase”: BlackRock’s ETF as catalyst, SEC policy shifts on in-kind redemptions, and the boom in corporate treasury strategies.
They probe Coinbase custody concentration, nationalization risks, Tether’s role, and why self-custody remains the antidote. AI’s influence on education and CBDCs vs private stablecoins round out a high-signal hour.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:11 - Why BlackRock’s spot ETF marked a cultural and capital tipping point.
05:31 - How SEC limits on in-kind redemptions and their reversal, shape market integrity.
08:56 - The difference between MicroStrategy’s preferred stock model vs convertible debt.
10:14 - Why concentrated Coinbase custody introduces fragility and what decentralizes it.
12:10 - The political “nationalization” risk and how institutions could be rugged.
17:45 - The case for denominating liabilities in fiat while stacking BTC.
19:50 - Pitfalls of copycat treasury companies timing the market (e.g., short-dated debt).
25:53 - How AI-driven discourse (e.g., Grok) accelerates Bitcoin education.
29:10 - Why private stablecoins (e.g., Tether) may outcompete CBDCs globally.
37:37 - The timeless lesson: make Bitcoin “un-ruggable” via self-custody.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- P2P Bitcoin Trading Platform: Hodl Hodl.
- Event details: Baltic Honeybadger Conference.
- Conference sponsor: Debifi.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
- Check out our Bitcoin Fundamentals Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
- Support our free podcast by supporting our sponsors:
- SimpleMining
- HardBlock
- AnchorWatch
- Human Rights Foundation
- Cape
- Unchained
- Vanta
- Shopify
- Onramp
- Abundant Mines
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
1091 episodes
Manage episode 501268298 series 1394353
A sharp panel debates Bitcoin’s “institutional phase”: BlackRock’s ETF as catalyst, SEC policy shifts on in-kind redemptions, and the boom in corporate treasury strategies.
They probe Coinbase custody concentration, nationalization risks, Tether’s role, and why self-custody remains the antidote. AI’s influence on education and CBDCs vs private stablecoins round out a high-signal hour.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:11 - Why BlackRock’s spot ETF marked a cultural and capital tipping point.
05:31 - How SEC limits on in-kind redemptions and their reversal, shape market integrity.
08:56 - The difference between MicroStrategy’s preferred stock model vs convertible debt.
10:14 - Why concentrated Coinbase custody introduces fragility and what decentralizes it.
12:10 - The political “nationalization” risk and how institutions could be rugged.
17:45 - The case for denominating liabilities in fiat while stacking BTC.
19:50 - Pitfalls of copycat treasury companies timing the market (e.g., short-dated debt).
25:53 - How AI-driven discourse (e.g., Grok) accelerates Bitcoin education.
29:10 - Why private stablecoins (e.g., Tether) may outcompete CBDCs globally.
37:37 - The timeless lesson: make Bitcoin “un-ruggable” via self-custody.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- P2P Bitcoin Trading Platform: Hodl Hodl.
- Event details: Baltic Honeybadger Conference.
- Conference sponsor: Debifi.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
- Check out our Bitcoin Fundamentals Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
- Support our free podcast by supporting our sponsors:
- SimpleMining
- HardBlock
- AnchorWatch
- Human Rights Foundation
- Cape
- Unchained
- Vanta
- Shopify
- Onramp
- Abundant Mines
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
1091 episodes
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