About This Episode
This week on The Hurdle Rate: Adam Livingston joins Strive as VP of Investments, Strategy buys back $139 million of STRC with stretch back near 99, and Strive adds 469 Bitcoin at an average cost of $77,954 while hitting an all-time high market cap of $2.75 billion. Jeff makes the case that trust is the real infrastructure of capital markets, and why Bitcoin makes that trust legible. We get into the Clarity Act, AI doomerism, and why the crew thinks the frontier labs are using fear to build a moat ahead of their IPOs. Matt takes macro with the 10-year touching 5%, what a short-term Bitcoin flush would actually look like, and why it would be the dream setup. We close with a capital markets recap and Strive’s one-year anniversary. Here’s the latest with Matt Cole, Jeff Walton, Ben Werkman, Adam Livingston, and Tim Kotzman.
In This Episode
- 00:01:17 — Adam Livingston Joins Strive
- 00:08:52 — Trust as Capital Markets Infrastructure
- 00:19:48 — The Amplified Bitcoin Story and SATA
- 00:22:44 — Building Through the Bear Market
- 00:24:54 — An Outsider’s View of Strive
- 00:28:35 — The Clarity Act and Regulatory Trust
- 00:36:23 — AI Doomerism and the Messy Middle
- 00:45:03 — Don’t Let the Ladder Get Pulled Up
- 00:51:28 — Macro: The 10-Year Touches 5%
- 00:55:27 — What a Bitcoin Flush Would Look Like
- 01:01:46 — Capital Markets Recap