Druckenmiller on Concentration & Risk

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Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

00:00 - Introduction and Market Sentiment

02:00 - Risk Management and Investment Philosophy

04:40 - Bitcoin vs. Traditional Assets

07:31 - Larry Fink's Insights on Bitcoin

10:09 - Sovereign Wealth and Bitcoin Accumulation

13:03 - Global Trends in Crypto Adoption

16:03 - Middle East's Strategic Moves in Crypto

18:52 - Game Theory and Global Crypto Dynamics

22:08 - Emerging Markets and Crypto Services

24:49 - Infrastructure Development in Digital Assets

26:17 - The Importance of Domain Expertise in Cryptocurrency

27:16 - Future of Cryptocurrency and Market Dynamics

29:21 - The Rise of Cybercrime in the Crypto Space

30:20 - Centralization Risks in Cryptocurrency Custody

31:56 - The Gold Standard and Bitcoin's Centralization Problem

34:25 - Navigating Trust and Custody in Bitcoin

37:11 - The Adoption Challenge: From Zero to Bitcoin

40:01 - The Stakes of Digital Asset Custody

44:18 - Emerging Trends in Bitcoin Infrastructure

46:06 - Recent Developments in Crypto Regulation

If you found this valuable, please ⁠⁠⁠⁠⁠⁠subscribe to Early Riders Insights⁠⁠⁠⁠⁠⁠ for access to the best content in the ecosystem weekly.

Links discussed:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://x.com/MTanguma/status/1996209093858501012?s=20⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.cftc.gov/PressRoom/PressReleases/9145-25⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.theblock.co/post/381644/coinbase-resumes-user-onboarding-india⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.theblock.co/post/381655/robinhood-indonesia-acquisitions⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.theblock.co/post/381662/argentina-domestic-bank-crypto⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://x.com/thisisorlando/status/1996284429455822993?s=20⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠https://bloomingbit.io/en/feed/news/101972⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.coindesk.com/policy/2025/12/08/binance-wins-full-adgm-approval-for-exchange-clearing-and-brokerage-operations⁠⁠⁠⁠⁠⁠

Keep up with Michael:

⁠⁠⁠⁠⁠⁠https://x.com/MTanguma⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/mtanguma/⁠⁠⁠⁠⁠⁠

Keep up with Brian:

⁠⁠⁠⁠⁠⁠https://x.com/BackslashBTC⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/brian-cubellis-00b1a660/⁠⁠⁠⁠⁠⁠

Keep up with Liam:

⁠⁠⁠⁠⁠⁠https://x.com/Lnelson_21⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠https://www.linkedin.com/in/liam-nelson1/