The Bitcoin Standard Podcast 253. Semler Scientific on The Bitcoin Standard
26 snips
Dec 24, 2024 Eric Semler, Chairman of Semler Scientific, shares insights on his company's bold move to adopt Bitcoin as a treasury reserve, mirroring trends set by industry leaders. He discusses the financial implications of this strategy and its positive impact, including their $150 million Bitcoin purchase. Semler reveals the challenges of navigating Bitcoin's volatility and emphasizes cautious management and institutional adoption strategies. The dialogue also touches on Bitcoin's evolution as a valuable asset, comparing it to gold and highlighting its potential as a reliable store of value.
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Career Path
- Eric Semler, from Oregon, worked as a journalist at the New York Times.
- He transitioned to investment banking and then to a hedge fund specializing in media and technology.
Bitcoin Skepticism to Belief
- Semler's initial skepticism towards Bitcoin stemmed from his traditional finance background valuing cash flows.
- The digital gold analogy and growing institutional adoption shifted his perspective.
Bitcoin Valuation Challenge
- Many investors struggle to value Bitcoin due to their reliance on discounted cash flow models.
- They often overlook money as an economic good, hindering their understanding of Bitcoin.
