My time horizon is longer than most so I’m buying things that humans will want, in time. Bitcoin and Public Equities
Joined March 2009
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Elliot retweeted
Jun 2
My keynote on how @XCEofficial has a unique opportunity to drive BTC business adoption 🇬🇧➡️🌍➡️🟠
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Here’s the full episode:
Welcome Back to The Hurdle Rate.
Episode 53: Bitcoin, AI and The New QE
The crew is back this week discussing the growing risks around the US debt crisis and what it could mean for markets. They then explore how AI is rapidly disrupting the startup economy, before diving into debasement and how to think about portfolio construction in this environment. Finally, they debate what types of non-Bitcoin companies could still be attractive going forward. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman.
0:30 - Welcome Back to The Hurdle Rate
2:15 - US Debt Crisis
18:07 - AI Disruption in The Startup Economy
31:28 - Debasement & Portfolio Construction
45:04 - Which Type of Non-Bitcoin Company Would Even Be Attractive Now?
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In person events are back! We might have just seeded Australia’s first Bitcoin Treasury Conference…
60 people at a bitcoin event covering bitcoin treasury companies.
It was a great interview between
@_DannyKnowles and @sorenstein
Organised by @mineracks 👏
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Fixed-face-value preferreds are structured so demand is met through issuance and dividend changes rather than price movement. Trading behavior is constrained around face value by design.
@GrafYves
x.com/grafyves/status/201661…
Jan 28
@Strategy's Flywheel 2.0 isn’t just "convertibles, but different."
It’s a structural upgrade.
$STRC unlocks:
• a vastly larger capital market
• better liquidity
• higher $BTC accretion
• built-in demand stabilization
• issuance that works even near book value
The most overlooked part:
when $BTC is weak, Strategy can raise the $STRC dividend and keep the flywheel spinning.
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STRC feels broken because a “peg” is usually read as a promise.
BTCTC fixed-face-value preferreds are designed as capital-formation tools, not as spot-priced assets.
Different category, different intuition.
x.com/grafyves/status/201587…
Jan 26
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Jan 22
Very fun interview with teammate @RichardByworth and the awesome @TimKotzman
We covered some ground! From my first call to Richard, to where we are today and where XCE is heading in the future.
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“They have this short effective duration… the market as a whole doesn’t understand these instruments yet, so they’re pricing them as if they were high yield.”
— @ColeMacro, CEO Strive (Weekly Hurdle Rate Podcast 7:36–10:37)
Welcome back to The Hurdle Rate.
Episode 44: Digital Credit Clarity
The crew is back to discuss @Strategy's latest, credit spreads tightening, @coinbase pulling out of the clarity act and the Bitcoin treasury podcast industrial complex.
Here's the latest with
@TimKotzman, @ColeMacro, @PunterJeff and @Werkman
0:30 - Welcome Back to The Hurdle Rate
1:26 - Strategy’s Latest
12:25 - Credit Spreads Tightening
30:36 - Coinbase Pulls Out of Clarity Act
44:24 - Matt Cole Corners the Bitcoin Treasury Podcast Industrial Complex
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