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Onramp Media
The Last Trade E066: Tracking Business Bitcoin Adoption with River's Sam Baker
Sep 20, 2024
Sam Baker, a key player at River focused on business Bitcoin adoption, shares insights on the migration of firms from traditional finance to Bitcoin. He discusses the recent Business Bitcoin Adoption Report, highlighting how grassroots movements are driving corporate engagement. The conversation dives into the complexities of Bitcoin custody and the emerging trends around ETFs. Baker also sheds light on the regulatory landscape changes and forecasts the growing adoption of Bitcoin among public companies, emphasizing its role as a vital asset for wealth preservation.
01:21:49
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Quick takeaways
- Sam Baker's journey illustrates the shift from traditional finance to Bitcoin, showcasing its growing importance in modern financial practices.
- Smaller businesses demonstrate an advantage in adopting Bitcoin, completing implementations faster due to fewer stakeholders involved in decision-making processes.
Deep dives
Sam Baker's Background and Insights on Bitcoin
Sam Baker shares his journey into the Bitcoin space, tracing it back to his college years. He moved from traditional finance roles at Citi and Galaxy to a position at River, where he focuses on Bitcoin research. His experiences highlight the contrast between institutional and retail approaches to Bitcoin, indicating that while institutions like banks view Bitcoin primarily through the lens of central bank digital currencies (CBDCs) as a threat, retail investors often seek it for its potential as a wealth store. This shift to a Bitcoin-centric career reflects a growing recognition of Bitcoin's significance in modern finance.
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