The Hurdle Rate Podcast Episode 36 - Inside the Digital Credit Revolution
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Nov 18, 2025 The hosts dive into the contrasting cultures of Bitcoin communities observed at recent conferences. They examine the significance of volatility in prefs and discuss how various management strategies influence trading behaviors. The conversation shifts to the complexities of underwriting Bitcoin and the importance of long-term conviction in treasury strategies. Lastly, a lively debate ensues about whether Zcash can effectively hedge Bitcoin exposure, leaving listeners with thought-provoking insights on digital finance and investment.
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Conferences Are Fragmenting With Bitcoin's Maturity
- Bitcoin conferences are splitting into cultural/artistic events and corporate/financialized gatherings as the ecosystem matures.
- This divergence reflects different audiences and strategies, from self-custody ethos to treasury-company professionalism.
Rave-Like Bitcoin Amsterdam Venue
- Jeff described Bitcoin Amsterdam as a rave-like experience in a windowless sugar factory with lasers and multiple stages.
- The odd venue highlighted how Bitcoin events vary widely in tone and audience expectations.
Treasury Companies Pursue Different Visions
- Bitcoin treasury companies now hold divergent visions: some prioritize amplified Bitcoin exposure, others build operating businesses.
- Those strategic differences surfaced strongly at recent panels and shape competitive positioning.
