ASYMMETRIC Deepak Garg on US Bitcoin Push & Swiggy’s Q4 FY25 Results
May 16, 2025
Deepak Garg, founder of AnywhereJobs and Satoshi Wealth, shares insights from his rich experience in crypto and macroeconomics. He dives into the evolving dynamics of Bitcoin treasury companies and compares Bitcoin's scarcity to that of gold. Garg discusses the implications of stablecoins in the U.S. and explores the heated competition between Swiggy and Zomato in the food delivery landscape. He emphasizes the significance of understanding market cycles and the role of innovation in scaling businesses in today’s fast-paced economy.
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Bitcoin Treasury Companies Dynamics
- Bitcoin treasury companies buy and hold Bitcoin on their balance sheets, raising capital through equity dilution or debt.
- Their stock value increases with Bitcoin's price, creating value beyond traditional metrics like earnings per share.
Bitcoin Scarcity vs Gold
- Bitcoin's fixed supply and halving mechanism make it scarcer than gold, with a supply inflation rate half that of gold.
- This scarcity underpins Bitcoin's value and suggests its scarcity will increase significantly compared to gold over time.
Dollar Reserve Currency Dilemma
- The US dollar’s reserve status demands a perpetual trade deficit, causing economic imbalances.
- A neutral reserve currency like gold or Bitcoin may eventually replace the dollar for global settlements.