$50k Bitcoin, What’s Next? With Bill Barhydt

 
 
WBD312 - Bill Barhydt - Large Banner.png

Where to find the show

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

“It’s like saying ‘I can’t handle the internet’ in 1995, and there were many people that couldn’t. Do you know what happened? The internet ploughed ahead, and eventually, you caught up… the world is going to catch up to this because there is going to be no alternative.”
— Bill Barhydt

SHOW DESCRIPTION

Location: Remotely
Date: Thursday 18th Feb
Company: Abra
Role: Founder & CEO

In the last week, bitcoin broke $50,000 for the first time, a significant milestone, helped by corporate adoption. Tesla’s $1.5bn bitcoin buy was a watershed moment. Still, it would likely not have happened without MicroStrategy, who themselves announced this week that they would be raising another $900 million to acquire more bitcoin.

Using Bitcoin as a corporate treasury asset is only expected to grow, with some bitcoiners suggesting that as many as half the S&P500 will hold bitcoin in their balance sheet before the end of 2021.

The next logical step after corporate adoption of Bitcoin is the nation-state. With India looking to ban Bitcoin, it is clear there is still a large amount of scepticism from nation-states. However, the first country to embrace Bitcoin will likely see the same benefits as MicroStrategy did.

In this interview, I talk to Bill Barhydt, the CEO and Founder of Abra. We discuss what $50k bitcoin means, increasing corporate adoption and which nation-state will be the first to embrace Bitcoin.

TIMESTAMPS

00:04:52: Introductions
00:07:34: Death by 1,000 cuts
00:10:34: The three kinds of Bitcoin game players
00:13:30: Getting through the drawdowns
00:15:23: Saving pushes towards a supercycle
00:22:21: Who are Abra's customers
00:26:09: Where will be the MicroStrategy of nation states…
00:28:33: …Africa?
00:30:10: …India?
00:39:45: Governments holding confiscated Bitcoin
00:43:03: Nigeria
00:45:30: Retaining sovereign money through the transition
00:47:26: Libra and David Marcus
00:51:36: Formula 1!
00:52:45: Michael Saylor's rate of borrowing
00:56:09: Borrowing and Lending, and Abra's products
01:02:50: TransferWise
01:06:31: Bank insurance
01:09:22: Bill's price prediction
01:13:00: Final comments

 

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

 
 
 
 
 
 
 

SHOW NOTES

PodcastPeter McCormack