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BTC Financial Engineering & River’s Report with Scott Marmoll (prev. Cantor Fitzgerald) - NF E48

Sep 23, 2025

01:06:28

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Episode notes

In this episode, Chase Palmieri and Scott Marmoll discuss the evolving landscape of Bitcoin treasuries, exploring the definitions, strategies, and implications for businesses. They delve into the financial engineering aspects of Bitcoin adoption, the importance of cash flow management, and the growing trend of businesses accumulating Bitcoin. The conversation also touches on the custody challenges faced by companies and the future outlook for Bitcoin in the corporate world.

Takeaways

* Bitcoin treasury companies are defined by their use of Bitcoin as a treasury asset.

* Financial engineering can accelerate Bitcoin adoption for businesses.* Cash flow management is crucial for companies holding Bitcoin.

* Investors often require solid financials, not just Bitcoin strategies, for funding.

* Bitcoin's growth potential is significant, with a projected total addressable market of $500 trillion to $1 quadrillion.

* Smaller businesses have an advantage in adopting Bitcoin compared to larger corporations.

* The custody landscape for Bitcoin is evolving, with multi-institution solutions emerging.

* Bitcoin is increasingly seen as a risk-off asset by investors.

* The trend of businesses accumulating Bitcoin is expected to continue growing.

* Education around Bitcoin's fundamentals is essential for broader adoption.

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