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Bitcoin as Investment Portfolio Insurance with Greg Foss

Peter McCormack

Interview | Description | Timestamps | Show Notes

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Bitcoin as Investment Portfolio Insurance - WBD321 Peter McCormack

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Location: Remotely
Date: Tuesday 9th March
Company: Validus Power Corp
Role: Bitcoin Strategist

Since early February, 10-year Treasury yields have risen from 1.13% to as high as 1.625%. This rise, which equates to 48 basis points, is the highest in a year and has sparked some bond investors to raise inflation concerns. 

While the Consumer Price Index (a metric for judging the level of inflation) is currently around 2%, analysts suggest the actual inflation rate could be as high as 10%. Because of this and growing uncertainty in the markets, Bitcoin Strategist Greg Foss sees Bitcoin as portfolio insurance. He believes that if you don’t own Bitcoin, you are taking “extreme amounts of risk”.

In this interview, I talk with Greg about the growing treasury yields, what this means for the markets, inflation and what a debt spiral means for fiat currencies and bitcoin.

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00:05:18: Introductions
00:06:06: The bond market explained
00:11:42: Why bonds trade
00:14:10: The recent yield rate jump
00:16:39: The risk of the US default
00:18:31: Credit rating agencies
00:22:43: Confidence in the US dollar
00:24:30: House prices
00:26:17: The ongoing debt spiral
00:29:56: The 2008 Financial Crash
00:32:53: Fiat currencies doomed to fail
00:44:17: Bitcoin is the solution
00:47:48: Energy vs inflation
00:49:50: NYDIG
00:54:02: Bitcoin: asset or currency?
00:56:51: Gold standard vs Bitcoin standard
01:00:42: Bank transactions vs Bitcoin transactions
01:04:26: Bitcoin as an insurance
01:10:21: Price projections
01:12:32: Peter Schiff and son
01:14:01: Bitcoin vs gold as a store of value
01:16:54: Bitcoin market vs the bond market
01:22:31: Equity markets
01:24:36: A beautiful thing called Bitcoin!
01:27:38: Final comments

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