Unchained Jeff Park Says the 60/40 Portfolio May Be Dead. Here’s His Radical Fix - Ep. 844
39 snips
Jun 3, 2025 
Jeff Park, Head of Alpha Strategies at Bitwise, argues that the traditional 60/40 portfolio is outdated and proposes a revolutionary approach to investing. He discusses the rise of 'resistance' assets like Bitcoin and how they impact trust in institutions. Jeff emphasizes the value of Bitcoin as a key anchor asset in today’s financial landscape. He also touches on the relevance of time as a concept in investment, highlighting how Bitcoin captures liquid energy, ultimately urging a radical rethink of modern portfolio strategies.
AI Snips
Chapters
Books
Transcript
Episode notes
Jeff Park's 2008 Crisis Origin
- Jeff Park started his career during the 2008 financial crisis, which deeply shaped his investment mindset.
- Experiencing real financial chaos taught him that markets are probabilistic, not deterministic, and that traditional financial assumptions can fail.
How Jeff Discovered Bitcoin
- Jeff first heard about Bitcoin around 2010 through traders using it to settle poker winnings.
- Early Bitcoin use was more for payment than store of value, which he only considered seriously starting in 2013.
60/40 Portfolio Is Dead
- The 60/40 portfolio is failing because the underlying assumptions about equities' growth and bonds' safety no longer hold.
- US sovereign creditworthiness is challenged, so portfolios must include assets outside the traditional system to preserve wealth.
