Jeff Park on Why Owning 1 Bitcoin Is Young People's American Dream - Ep. 848

46 snips

Jun 10, 2025

Jeff Park, Head of Alpha Strategies at Bitwise, discusses the transformative future of finance, emphasizing that owning Bitcoin may become the new American dream. He shares personal stories that inform his radical portfolio strategy and highlights why younger generations are turning to crypto as an alternative to traditional investments. Park also addresses the U.S.'s advantages in leveraging stablecoins for global dominance and spotlights Japan’s pivotal role in the financial transition, suggesting we might already be 'living in a Bitcoin-only world.'

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ANECDOTE

Jeff Park's Life-Shaping Events

Jeff Park shares three pivotal life events shaping his portfolio theory: the 2008 crisis, 1997 Asian financial crisis, and a personal political experience in Korea.
These events exposed him to financial instability and institutional politicization, influencing his Bitcoin advocacy.

ANECDOTE

Laura Shares Asian Crisis Experience

Laura Shin recounts living through the Asian financial crisis in Indonesia, witnessing currency collapse and social unrest.
She relates to Jeff's experience seeing firsthand how local populations suffer during financial crises, reinforcing distrust in financial systems.

INSIGHT

Bitcoin as Social Movement

Fighting misinformation means combating centralized, state-controlled information, as absolute truth is probabilistic.
Bitcoin's movement is as much social as financial, empowering people outside authoritarian information control.

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In part 2 of Jeff Park’s interview with Unchained, he describes ways that both everyday investors and the U.S. government can use various crypto assets to come out on top as old models and strategies become outdated.

He reveals the three personal stories that led him to develop his radical portfolio theory, puts himself in the shoes of Treasury Secretary Scott Bessent, and explains why Japan is the linchpin in the transition to this new world order.

In this episode, we explore:

Why Jeff believes the future belongs to wholecoiners
The social mission behind owning bitcoin
How the U.S. could leverage stablecoins to maintain global dominance
Why the new American dream might not involve a house at all

And why, in Jeff’s words, we may already be “living in a Bitcoin-only world.”

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Xapo Bank
Bitwise

Guest:

Jeff Park, Head of Alpha Strategies at Bitwise

Part 1 of Jeff on Unchained: Jeff Park Says the 60/40 Portfolio May Be Dead. Here’s His Radical Fix

Timestamps:

👋 0:00 Intro
📌 3:14 The 3 life events that shaped Jeff’s radical portfolio vision
🌍 7:58 Why crypto’s value is clearer outside privileged financial systems
🚀 15:18 Why Jeff is so bullish on STRK and what it represents
🌐 20:56 What it means to be “living in a Bitcoin-only world”
💥 27:42 Why the U.S. is vulnerable and what’s the new American Dream
🤝 32:36 What Jeff would do if he were in Treasury Secretary Scott Bessent’s position
🇯🇵 39:16 Why Jeff sees Japan as a critical piece of the global financial order
💵 48:36 Why stablecoins could be the U.S.’s most powerful financial weapon
🤔 54:50 Why Jeff is skeptical about a U.S. bitcoin reserve
🏛️ 59:14 Whether Bitcoin treasury companies are here to stay

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