The Pomp Podcast

Bitcoin's struggle to climb higher sparks a deep dive into investor perspectives and market dynamics. Discussions unveil how different investors approach Bitcoin, highlighting the allure of public companies involved in crypto. The looming government shutdown raises concerns about politics and its impact on services. Delving into economic data, the hosts critique the reliability of government job statistics and advocate for private data sources to refine measurements. It's a blend of financial insights and political analysis that keeps you engaged.

Jordi Visser, a seasoned macro investor with over 30 years in finance and the mind behind 'VisserLabs,' discusses the intersection of Bitcoin and AI. He argues that Bitcoin could be the purest trade driven by AI disruption. Jordi unpacks the implications of Nvidia's massive investment in OpenAI, the potential for explosive growth in semiconductors, and how AI is reshaping job markets. He emphasizes the need to keep an eye on key economic indicators, including oil prices and jobless claims, to gauge upcoming market shifts.

Join Jeff Park, Partner and Chief Investing Officer at ProCap BTC, as he delves into the current state of Bitcoin and stablecoins. He discusses the impacts of recent market liquidations and the implications of Jerome Powell's comments on future price movements. Tether's massive valuation ambitions are explored, alongside its unique role in the crypto ecosystem. Park asserts that the Bitcoin bull market isn't over, emphasizing potential volatility ahead. Tune in for insights on M&A in Bitcoin treasuries and the evolving landscape of stablecoins!

Dive into the world of Bitcoin as the hosts explore its potential for an explosive Q4. They dissect the surprising rally of gold and what it means for digital currency. The conversation shifts to how treasury companies might sustain Bitcoin demand and the implications of institutional investors like BlackRock. They also ponder whether AI could take the reins from the Fed in monetary policy. With a look at recent M&A activity, the discussion is both insightful and provocative, sparking thoughts on the future of finance.

Mike Novogratz, founder and CEO of Galaxy, and Kyle Samani, co-founder of Multicoin Capital, dive into their remarkable $1.65 billion fundraising effort. They share insights on why they’re bullish on Solana and the growth potential of altcoin treasuries. The conversation also touches on opportunistic mergers, creative tokenization strategies, and the impact of macroeconomic factors and regulation on crypto markets. With their extensive backgrounds, they explore how to attract traditional investors into this evolving digital space.

Jordi Visser, a macro investor with over 30 years on Wall Street, dives into the changes reshaping financial markets. He discusses the implications of recent interest rate cuts and the rise of retail investing. Visser highlights the surge in Oracle's AI orders and the resulting global compute demands. He explores how AI could democratize healthcare and knowledge, while also addressing the hardware needs fueling this tech revolution. The conversation touches on Bitcoin's trustless appeal amid these macro shifts.

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.

Balaji Srinivasan, an entrepreneur and author of The Network State, explores the shifting global landscape. He highlights China's economic and tech expansion, contrasting it with India's rapid infrastructure growth. Discussion delves into how India navigates between major powers, the competitive talent landscape, and the importance of digital assets like Bitcoin over traditional ones. Balaji also shares insights on his Network School, a platform for fostering innovative startup societies. Expect a lively take on geopolitics and future economies!

Mike Cagney, Founder and Executive Chairman of Figure and a SoFi co-founder, dives into the future of finance. He highlights the power of Bitcoin-backed loans, allowing borrowers to access liquidity without relinquishing their assets. The discussion also covers how blockchain is reshaping financial infrastructure and democratizing access to capital through decentralized finance (DeFi). Cagney sheds light on the challenges of tokenization and the evolving relationship between traditional banks and digital assets, setting the stage for a revolutionary shift in finance.

Henrik Zeberg, Head Macro Economist at Swiss Block, dives into the economic complexities surrounding cryptocurrencies and inflation. He discusses the inevitability of Bitcoin's cyclical crashes, drawing parallels with historical market behavior. Zeberg warns of a looming tech bust and a potential economic downturn fueled by high inflation and central bank policies. He also emphasizes the importance of historical lessons for navigating future market challenges, including a call for a monetary reset to stabilize global currencies.