Philippe Bekhazi, CEO of XBTO, discusses their unique denominated Bitcoin fund, diversifying funds for high net worth individuals, exploring blockchain potential, effects of fixed money supply on interest rates, lending dynamics in a Bitcoin economy, and future of banking in Bitcoin world.
XBTO offers an investment fund denominated in bitcoin, showcasing their commitment to the bitcoin standard.
XBTO emphasizes tailored financial services for the Bitcoin and crypto industry, including strategic sponsorships like with Lionel Messi.
XBTO's 'Diamond Hands' fund utilizes a rule-based option selling strategy to provide Bitcoin-based returns in a volatile market.
Deep dives
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Introduction of XBTO and its Financial Services for Bitcoin and Crypto
XBTO, led by CEO Philippe Bechazi, is an institutional-grade provider of financial services catering to the Bitcoin and crypto industry. The company gained visibility through sponsorship deals, including having its logo on the jersey of renowned athlete Lionel Messi. XBTO emphasizes bringing financial services tailored for Bitcoin and crypto companies, reflecting a strategic approach to supporting and advancing these sectors globally.
Development and Growth of XBTO in the Cryptocurrency Market
XBTO's journey traces back to Philippe Bechazi's background in derivatives trading that eventually led to his immersion in the world of Bitcoin and cryptocurrency. The company, primarily focused on Bitcoin, has expanded to a team of 92 individuals across global locations, emphasizing regulatory compliance and growth strategies in multiple jurisdictions. XBTO's products and services prioritize Bitcoin-first approaches, highlighting the significance of building and expanding the network effect within the cryptocurrency ecosystem.
Innovative Fund Offerings by XBTO and Focus on Yield Generation
XBTO introduces a unique fund named 'Diamond Hands,' offering a yield denominated in Bitcoin through a rule-based option selling strategy. Unlike traditional fixed percentage yield models, this fund aligns with Bitcoin's volatility, aiming to provide a positive Bitcoin-based return in a dynamic market environment. The fund's focus on trading Bitcoin options presents an alternative avenue for investors to engage with cryptocurrency assets and potentially earn Bitcoin-based returns.
Challenges and Sustainability of Interest-based Lending in Bitcoin Economy
A discussion between Philippe Bechazi and the podcast host delves into the complexities of interest-based lending in a Bitcoin-centric economy. Addressing concerns around fixed interest rates in a scarcity-driven Bitcoin economy, considerations for sustainable financial practices emerge. Exploring potential shifts towards equity stakes and adaptive financial models highlights the evolving landscape of financial services within the cryptocurrency ecosystem, aiming to strike a balance between innovation and stability.
XBTO are offering an investment fund denominated in bitcoin, their CEO and founder Philippe Bekhazi joins to discuss why they are one of the first asset managers to go on a bitcoin standard!
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