The Hurdle Rate Podcast

Discover the implications of S&P's new credit rating for digital assets and how it could reshape the insurance industry. The hosts delve into why lower ratings can unlock institutional investments and the importance of Bitcoin's treatment by rating agencies. They discuss factors influencing credit ratings, explore how payment frequency builds trust, and examine the role of banks in promoting market confidence. With insights on macroeconomic influences and market momentum, this conversation is packed with intriguing ideas for the future of digital capital.

This discussion dives into the dynamics of Bitcoin treasury companies and their strategic role in managing risk. The hosts explore the importance of consistent messaging during market downturns and the impact of drawdowns on new investment opportunities. They analyze the evolution from convertible debt to perpetual preferred equities, emphasizing how these changes affect investor behavior. Finally, insights on the current interest rate environment highlight the attractiveness of preferred yields and speculate on the future of the market.

The recent October 11 crypto crash unveils a complex web of leverage and automated liquidations. Hosts dissect how a stablecoin depeg triggered a domino effect in the markets. They explore Bitcoin's surprising resilience amid chaos and the potential longstanding impacts on altcoin liquidity. The conversation shifts to treasury companies, diving into funding mechanisms like PIPEs and the significance of SEC filings. Lastly, they reveal why digital credit is gaining traction, highlighting Bitcoin’s advantages as reliable collateral compared to opaque private assets.

Ben Workman, the newly announced Chief Investment Officer at Strive, shares insights from his experience in building treasury companies focusing on Bitcoin. He discusses the importance of maintaining a calm decision-making environment under pressure. The conversation highlights how institutional adoption of Bitcoin is accelerating, and he explains the potential of digital credit to improve retirement portfolios. Ben also addresses Bitcoin tribalism and the evolution of corporate treasury strategies, suggesting we are still in the early stages of this market.

Tim declares he's fully committed to Bitcoin, igniting a vibrant discussion about the cryptocurrency's position as a bearer asset compared to traditional investments. The hosts dive into the concept of a Bitcoin supercycle, linking historic dollar declines to potential price surges. They explore the implications of the UK's digital ID rollout and the importance of self-custody for financial freedom. Featured insights also cover Bitcoin's political sway and its undervalued status in the current market. A stimulating blend of finance and philosophy awaits!

In this discussion, Joe Burnett, a member of the Semler team with expertise in Bitcoin treasury strategy, shares insights on the recent Strive-Semler merger. He highlights the cultural fit between the teams and how this strategic move harnesses Bitcoin for long-term capital allocation. The conversation dives into how in-person events, like the NYC Unconference, catalyzed the acquisition talks. Joe also emphasizes the importance of maintaining a long-term mindset in Bitcoin investments and the shift toward perpetual preferred equity for sustainable financing.

Discover the power of in-person networking at conferences, where casual chats can spark unique connections. Uncover investment opportunities in Bitcoin and explore the innovative options that could redefine fixed income strategies. Get excited for the upcoming Bitcoin Unconference, packed with interactive sessions designed to foster community engagement. Reflect on Bitcoin's resilience amidst economic uncertainty and analyze job data revisions that shake market confidence. Join the discussion on navigating market trends with a focus on wealth preservation through Bitcoin.

Pierre Richard, a prominent voice in the Bitcoin community, shares his insights on Bitcoin's role in modern finance. He delves into the cautious approach of the insurance sector towards Bitcoin and the unique challenges companies face in balancing growth with legal risks. Richard also discusses the complexities of securing credit ratings for Bitcoin, advocating for a long-term perspective on its adoption. Additionally, he highlights Bitcoin's potential as a self-insurance mechanism, emphasizing the importance of education and self-custody in navigating this volatile market.

The speakers dive into their vibrant experiences at the Bitcoin Asia conference, noting the soaring attendance and optimistic Bitcoin outlook in Asia. They compare the cryptocurrency dynamics between Hong Kong and Las Vegas, highlighting the educational journey needed for Asian investors. The discussion shifts to STRC, dissecting its role as a stablecoin and how it contrasts with the volatile crypto market. Lastly, they explore concerns over Federal Reserve independence and its implications on market behavior and inflation metrics, revealing the complexities of economic policy.

Episode 24 - Fed Signals and Equity Stakes Thank you to our sponsor, Swan Bitcoin. We buy Bitcoin at Swan.com [00:00:00] Welcome Back to The Hurdle Rate [00:00:45] Meet The Hurdle Rate’s First Guest Host, Avik Roy [00:02:44] Strive’s Major News Announcement [00:08:40] The Fed Symposium in Jackson Hole [00:29:59] Intel & The US Government [00:56:33] Update on Tim’s Unconference