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How to Protect Retail Investors That Are Over Collateralized
David Frum: The Ponzi scheme is going to leave an impression and imprint on our industry forever. He says it will take new flavors where we'll get taught the same lesson. But never again will the lending markets in Bitcoin look and act like they did in the cycle for the better, he says.
David Bailey and Preston Pysh get into an in-depth conversation about the GBTC Bitcoin Trust and all of the issues it's had over the past year and a half.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:29 - What backs Bitcoin?
10:27 - CBDCs and what happens next.
13:14 - FedNow and what happens after it's launch.
18:43 - The actual impact of picking winners and losers for decades on end.
20:14 - The Skull of Satoshi.
29:43 - What it's like building a Bitcoin media company as an entrepreneur.
29:43 - Growing the Bitcoin Conference.
45:32 - GBTC and the campaign for shareholders to redeem the Bitcoin in the trust.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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