The Bitcoin Frontier Will bitcoin and AI decentralize the world?
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Mar 18, 2025 Drew D’Agostino, founder of Crystal, an AI company with a bold bitcoin strategy, dives into his decision to move the company's treasury into bitcoin during the bear market. He discusses how this move not only saved the company but also transformed employee engagement with digital currencies. The conversation explores the synergy between AI and bitcoin, contemplating their collective potential to disrupt traditional business models and promote decentralization. Drew shares insights on integrating bitcoin into corporate culture and the future of finance.
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Crystal's Bitcoin Adoption
- Drew D'Agostino, founder of Crystal, recounts his journey of adopting a Bitcoin standard for his company.
- Driven by the 2022 bear market and inspired by Michael Saylor, he gradually moved his treasury into Bitcoin.
Bitcoin Treasury Management
- Maintain high liquidity in Bitcoin and evaluate spending with Bitcoin's potential appreciation as a hurdle rate.
- Consider low-risk debt for acquisition and working capital to avoid selling during drawdowns.
Employee Bitcoin Fund
- An employee Bitcoin fund incentivizes long-term commitment and fosters a Bitcoin-aligned culture.
- This approach combines financial benefits with the cultural impact of a long-term, resilient mindset.