Coin Stories
Alex Leishman: Earning Interest on Bitcoin Exchange River, Proof of Reserves and Bitcoin as Global Reserve Asset
Oct 22, 2024
In this discussion, Alex Leishman, CEO and CTO of River, shares his expertise from the Bitcoin financial services world. He highlights why River focuses solely on Bitcoin and the advantages of a Bitcoin-only exchange. The conversation touches on navigating proof of reserves for transparency and introduces River's innovative savings product for Bitcoin. They also delve into Bitcoin's potential as a global reserve asset and the changing demographics of its user base. Leishman’s insights into self-custody and the future of Bitcoin make for an engaging listen.
32:05
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Quick takeaways
- River's Bitcoin-only focus enhances customer trust and simplifies operations, allowing rapid feature development in a complex crypto landscape.
- The introduction of an interest-bearing product for cash balances incentivizes saving while promoting long-term Bitcoin investment amidst inflation concerns.
Deep dives
Bitcoin as a World Reserve Asset
Bitcoin is on a trajectory to become the world's reserve asset. The discussion highlights the increasing acceptance and understanding of Bitcoin as a hedge against inflation and a reliable store of value. As traditional currencies struggle with inflation, more individuals are expected to save in Bitcoin, thus solidifying its position. This shift is reminiscent of historical transitions in reserve assets, as Bitcoin gains recognition and credibility among investors.
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