The Bitcoin Frontier DOGE couldn’t fix the dollar with Sam Callahan
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Jun 11, 2025 Sam Callahan, a strategist at Unchained, dives into the seismic shift in the global economy driven by lightning adoption and corporate strategies utilizing Bitcoin. He discusses how Bitcoin treasury companies might redefine corporate finance and the implications for traditional markets. Sam highlights the transformative potential of the Lightning Network for generating yield and its role as a safe haven in turbulent times. He also analyzes the impact of stablecoin adoption, regulatory arbitrage, and institutional interest in Bitcoin as a sound money alternative.
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Bitcoin Treasury Companies Innovate Finance
- Bitcoin treasury companies highlight inefficiencies in traditional capital markets by innovating capital structures around Bitcoin assets.
- These companies, like Strategy, use various securities to deliver Bitcoin exposure and leverage responsibly, revolutionizing corporate finance.
Leverage Will Drive Next Cycle
- Human behavior remains the same; leverage will drive another Bitcoin parabolic cycle with retail participation.
- The current market lacks froth and excitement, indicating we are still in the early innings of adoption.
Longer Bitcoin Cycles Expected
- The Bitcoin cycle may lengthen due to institutional involvement changing volatility dynamics.
- Institutions bring more stability by pacing capital deployment and avoiding panic selling.