The Pomp Podcast This Bitcoin Investment Strategy Changes Everything | Jeff Park
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Sep 18, 2025 Jeff Park, Partner and Chief Investing Officer at ProCap BTC, dives into the world of Bitcoin-native investments. He contrasts traditional value investing with ideological approaches, introducing radical portfolio theory. Jeff explains the significance of prediction markets and how they can yield asymmetric returns. The conversation also explores the role of stablecoins as payment systems and the emergence of Bitcoin treasury companies. He shares insights on building Bitcoin-centric businesses and the importance of probabilistic thinking in investment strategies.
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The Risk-Free Rate Assumption Is Dead
- Jeff Park argues the Washington Consensus has ended and risk-free assumptions must be rethought.
- He calls for re-underwriting finance around new ideological regimes like Bitcoin and geopolitics.
Radical Portfolio: Compliance Vs Resistance
- Radical Portfolio Theory splits assets into compliance and resistance buckets instead of 60/40.
- Park recommends adding scarce, non-financialized assets like Bitcoin, gold, land, and collectibles to resist systemic liquidity cycles.
Prediction Markets Offer Uncorrelated Returns
- Prediction markets are a distinct, uncorrelated return source that reward real-time human insight.
- Park sees top prediction-market traders as future fund managers raising capital in tokenized formats.
