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TFTC: A Bitcoin Podcast

#577: The Biggest Moment In Financial History with Jeff Walton

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 29 January 2025

⏱️ 77 minutes

🧾️ Download transcript

Summary

Marty sits down with Jeff Walton to discuss Microstrategy's preferred stock offering.


Jeff on Twitter: https://x.com/PunterJeff

MSTR True North: https://x.com/MSTRTrueNorth


0:00 - Intro 0:36 - Explaining Microstrategy's preferred stocks 7:14 - Making use of volatility 13:58 - Fold & Bitkey 15:54 - Everything changes when insurance catches on 25:34 - Real estate insurance 29:04 - Unchained 30:05 - First mover companies 33:16 - The strategy is misunderstood, but the tide is turning 38:22 - What happens to MSTR's value 44:14 - The most hated trade 48:09 - Too much bitcoin? 53:17 - Is Microstrategy going to be the only player? 56:09 - Bitcoin weaponizes greed 1:05:31 - Will the 4 year cycle be disrupted? 1:08:37 - How it’s been for Jeff 1:12:24 - Bitcoin yield 1:15:44 - Wrap


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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

0:24.4

Bitcoin wins.

0:25.3

In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.3

Sometimes the universe just works in incredible ways.

0:40.3

This is, I believe we've had this on the schedule two previous days before we both had to move things around because things popped up.

0:48.3

But we meet here today, Monday, January 27th.

0:52.3

It's because the universe was just waiting for this new micro

0:56.4

strategy preferred stock offering to hit the market. Big day to be speaking with you, Jeff.

1:01.2

Absolutely. I mean, so many things going on. This is one of the most exciting equities in all

1:07.7

of finance. And I think this is the biggest story in all of financial history.

1:11.4

So yeah, exciting day to be chatting. Well, I guess before we jump into the preferred stock

1:16.5

offering, why do you believe that? The most exciting time, most exciting equity.

1:22.9

I think it's the most exciting equity in all of finance because there's never been a situation

1:28.8

quite like it.

1:29.8

I don't think there's ever been a, actually there's never been a company that has completely

1:35.7

shifted their treasury to a different commodity, right?

1:40.1

You know, all of most of finance as we know it or most of the equity market as we know it has a

...

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