Bitcoin, A Fiduciary Duty with Nik Bhatia

 
 
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“If you are ignoring Bitcoin now, as a growth manager, you are ignoring that an alternative monetary reality has come into existence on this planet.”
— Nik Bhatia

SHOW DESCRIPTION

Location: El Salvador
Date: Saturday May 8th
Project: USC Marshall School of Business
Role: Adjunct Professor of Finance

For a long time, asset managers in the traditional finance world have largely ignored bitcoin. Often using outdated and debunked theories as to why bitcoin is another tulip bubble that boils the oceans, kills polar bears and used by drug dealers and criminals.

Over the last year, this has begun to change, institutions have woken up to Bitcoin, and they are beginning to see it for what it is, the soundest money the world has ever seen and a tool for freedom. Nik Bhatia says that Bitcoin has changed monetary technology as we know it. It is now the fiduciary duty for asset managers to consider bitcoin, not only for the economic benefit but also for societal change.

In this interview, I talk by Author and Professor of Finance Nik Bhatia. We discuss his recent article ‘Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty’, currency debasement and how Bitcoin is the new monetary reality.

TIMESTAMPS

00:04:44: Introductions
00:04:50: Nik's book: "Layered Money"
00:06:47: Exclusive announcement!
00:10:02: Research methods
00:13:31: The Bitcoin tipping point
00:19:44: Bitcoin Beach
00:25:12: Inflation vs debasement
00:30:52: Bitcoin - the ultimate in property rights
00:34:27: Owning Bitcoin is a fiduciary duty
00:39:54: Fiduciary duty and volatility
00:41:56: The empowerment of Bitcoin
00:47:28: The Bitcoin naysayers
00:51:38: Bitcoin has become macro
00:53:22: Sats the standard
00:55:39: The outlook for government currencies
01:02:42: The Lightning Network
01:05:43: Final comments


 

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SHOW NOTES

PodcastPeter McCormack