Trends with Friends From the Death of 60/40 to Bitcoin Treasuries: Rethinking Portfolios with Jeff Park of ProCap
9 snips
Aug 7, 2025 
Jeff Park, a former Wall Street professional now thriving in the crypto space at Bitwise, shares insights on the transformation of investment strategies. He discusses the demise of the traditional 60/40 portfolio, emphasizing the relevance of Bitcoin treasuries for modern companies. The team explores risk dynamics, the potential of AI in prediction markets, and how these trends are changing the landscape of capital markets. They also tackle Elon Musk's Tesla troubles and BYD's rise in China, showcasing the evolving future of finance.
AI Snips
Chapters
Books
Transcript
Episode notes
Daily Stoic Ritual
- Jeff Park follows a daily stoic ritual reading philosophy and journaling before coffee to start with calm perspective.
- This practice grounds him with focus and peacefulness despite a chaotic crypto career.
Radical Portfolio Theory Challenges 60/40
- Radical Portfolio Theory challenges core investing assumptions like 60/40 due to changing global financial dynamics.
- The global carry trade now strongly correlates equities and bonds, breaking traditional diversification models.
Bonds vs Stocks: Changing Dynamics
- Bonds' historic safer status than stocks is challenged due to central bank fiscal dominance and inflated balance sheets.
- The Federal Reserve's balance sheet quadrupling relative to GDP distorts interest rates and asset correlation.
