Hurdle Rate Clips

"If you don't think Bitcoin is going to zero tomorrow... the case for digital credit gets pretty hard to ignore." @IIICapital

"J.P. Morgan is the 19th largest asset on the planet. Visa is the 23rd... and Bitcoin is larger than both of them combined." @PunterJeff

"They have $8B of cash & cash equivalents... What if 15% of that moved into digital credit?..." @PunterJeff

@HurdleRatePod Ready 🫡

Welcome Back to The Hurdle Rate. Episode 54: The Management of The Treasury The crew is back this week discussing the accumulation phase and what it means. They then explore the concept of Digital Credit as the new Hurdle Rate, before diving into how to think about positioning and duration in this environment. Here's the latest with @TimKotzman, @IIICapital , @PunterJeff, and @Werkman. 0:00 - Welcome Back to The Hurdle Rate 1:55 - The Accumulation Phase 21:00 - Digital Credit as The Hurdle Rate 40:45 - Moderate Duration

AI is rewriting what companies are worth. @ColeMacro

"Built on a balance sheet built around scarcity..." @Werkman

"I think you have less than 12 months to buy Bitcoin under $75,000..." @ColeMacro

"I thought i just bought this thing and i could get out whenever I want. I CAN'T GET OUT?..." @ColeMacro

"That is the product that enables the amplified bitcoin story to be successful." @Werkman

"$SATA is the product. That is the focus point of our firm..." @ColeMacro

@HurdleRatePod @Strategy 📎

Welcome Back to The Hurdle Rate. Episode 52: An Increasingly Digital World The crew is back this week diving into the latest news from @Strategy. They then unpack growing concerns around private credit liquidity, exploring where stress may be building beneath the surface. Finally, they break down the correlation between private and public credit markets. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff, and @Werkman. 0:30 - Welcome Back to The Hurdle Rate 1:40 - The Latest News from Strategy 14:30 - Private Credit Liquidity Issues 32:53 - The Correlation Between Private Credit and Public Credit Markets

What was it that drove that demand during that time period into $STRC? @Werkman

"The total addressable market for fixed income is $300-400 Trillion..." @PunterJeff

@HurdleRatePod Lets go 🫡

Welcome Back to The Hurdle Rate. Episode 51: A Digital Credit Treasury The crew is back this week and focuses primarily on an update around Strive ASST & SATA, breaking down the latest developments. They also touch on Strategy’s latest buy and what it could signal. Here's the latest with @TimKotzman, @ColeMacro, @PunterJeff and @Werkman . 0:00 - Welcome Back to The Hurdle Rate 0:36 - Strive ASST & SATA Update 49:14 - Strategy’s Latest Buy

"You might be 100% of the volume for 2 months, in order to scale out of that thing..." @PunterJeff

Warsh is focused on AI and the effects it will have on the economy. @PunterJeff

"It's also very concerning considering a lot of people save their entire wealth in the S&P 500..." @IIICapital

"Would Bitcoin ever really reach 21 million?" @BitcoinPierre @PunterJeff

@HurdleRatePod 📎

Welcome Back to The Hurdle Rate. Episode 50: Some Pretty Good Money Printing The crew is back this week and kicks things off with Strategy’s latest moves and what they could mean going forward. They then discuss the milestone of the 20 millionth Bitcoin being mined and what it says about Bitcoin’s supply schedule. The back half of the episode shifts to a broader conversation about the speed at which AI is advancing. Here's the latest with @TimKotzman, @IIICapital, @PunterJeff and @BitcoinPierre 0:30 - Welcome Back to The Hurdle Rate 3:50 - Strategy’s Latest 13:25 - 20 Millionth Bitcoin is Mined 37:45 - The Speed at Which AI is Advancing