The Bitcoin Frontier Bitcoin’s volatility is the signal in the noise with Mark Connors
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Dec 16, 2025 Mark Connors, a veteran credit analyst with nearly 40 years of Wall Street experience, now advocates for Bitcoin. He highlights how Bitcoin represents a new monetary regime, emphasizing its integrity amid traditional finance failures. Connors discusses the misunderstood nature of Bitcoin's volatility, arguing it offers asymmetric returns and is a potential solution for collateral crises. He also warns about the risks of paper Bitcoin, advocating for self-custody and genuine ownership, while noting that institutions are being driven to embrace Bitcoin due to market demands.
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Bitcoin's Integrity Is Built On Physics
- Mark Connors says Bitcoin's integrity stems from physics, energy, and decentralization rather than a single person.
- He left Wall Street to join Bitcoin Park after seeing systemic fragility and lack of institutional integrity.
Visibility Was Bitcoin's First Wall Street Hack
- Mark identifies two 'hacks' that pulled Bitcoin into Wall Street's view: Michael Saylor's wrapper and ETFs appearing on Bloomberg screens.
- These made Bitcoin visible in familiar product formats and showed asymmetric upside behavior.
Bitcoin As Pristine Collateral
- Bitcoin solves a collateral problem for Wall Street because government collateral is weakening and scarce.
- Mark argues Bitcoin's low storage cost and 24/7 global settlement make it attractive as pristine collateral.