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BTC109: Bitcoin Taro, GBTC Discount, & More w/ Pierre and Morgen Rochard (Bitcoin Podcast)
Dec 21, 2022
Pierre Rochard, a leading Bitcoin and macroeconomic expert, and Morgen Rochard, author and financial planner, dive into the latest developments in the Bitcoin space. They discuss the implications of the GBTC discount to NAV and the potential of the Taro protocol for stablecoins. The duo also explores tax loss harvesting strategies and recent changes in accounting rules affecting Bitcoin. Their insights on the state of cryptocurrency regulation and the future of transaction fees add even greater depth to this engaging conversation.
01:09:08
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Quick takeaways
- Stablecoins facilitate regulatory arbitrage by creating demand for US Treasuries, posing risks due to centralized issuers.
- Lightning Network adoption for stablecoins can enhance network effects, challenging platforms like Tron and Ethereum.
Deep dives
Discussion on Stablecoins and Regulatory Arbitrage
The discussion delves into the complexities of stablecoins and their role in the financial system. It highlights the regulatory arbitrage present in stablecoin issuance and how it can create demand for US Treasuries, acting as a CBDC system. The conversation emphasizes the centralized nature of stablecoin issuers and protocols, raising concerns about potential risks and dependencies.
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