360: Bill Barhydt on Building A Crypto Bank

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 13 August 2020

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bill Barhydt is the founder of Abra, a simple to use cryptocurrency investment platform. After working for the CIA, NASA and Goldman Sachs, Bill decided to join Netscape working on telecom and Internet banking deals, mostly in Europe. After the AOL acquisition of Netscape, Bill founded WebSentric. The technology for WebSentric exists today in SAP's online portal service. In this conversation, we discuss macroeconomics, the Federal Reserve, monetary policy, Bitcoin as a reserve asset in corporate treasuries, decentralization, and a number of new products and features that Abra has launched recently. =============================== Our second sponsor is Choice, a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp =============================== The Helium Hotspot is a new product that enables the people, not the telcos, to own and operate a wireless network in their city for Internet of Things devices. You can literally earn crypto for helping to build the network and providing connectivity to Internet of Things devices sending small bits of data. Join the movement and get your Helium Hotspot today with $50 off using the code POMP at helium.com. =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Let's kick this thing off.
0:10.7	Bill Barheight is the founder of Abra, a simple-to-use cryptocurrency investment platform. After working for the CIA, NASA, and Goldman Sachs, Bill decided to join Netscape working on telecom and internet banking deals, mostly in Europe.
0:26.9	After the AOL acquisition of Netscape, Bill founded WebCentric.
0:31.1	The technology for WebCentric exists today in SAP's online portal service.
0:37.0	In this conversation, we discussed macroeconomics, the Federal Reserve, Monetary Policy,
0:43.5	Bitcoin as a reserve asset in corporate treasuries, decentralization, and a number of
0:48.4	new products and features that ABRA has launched recently.
0:51.6	I really enjoyed this conversation with Bill, and I hope you do as well.
0:55.4	Before we get into the episode, though, I want to quickly talk about our sponsors. The first
1:00.5	is Choice by Kingdom Trust. Choice is a new self-directed IRA product, and I'm really excited about it.
1:07.0	If you're listening to this, you're likely part of the 7.1 million Bitcoin owners who have
1:11.2	retirement accounts with dollars in them, but not Bitcoin.
1:13.9	I was in that situation too, but not anymore thanks to Choice.
1:17.5	You can now actually buy real Bitcoin in your retirement account.
1:22.2	I'm talking about owning your private keys and using tax advantage dollars to do it too.
1:27.0	This is an absolute game changer.
1:29.3	So Choice has a self-directed IRA product where you use your tax advantage dollars to buy Bitcoin and hold the private keys.
1:37.3	This does not exist elsewhere, so go and check it out. Everyone keeps asking me, how do you buy and hold Bitcoin in your retirement account?
1:47.1	Choice is a great way.
1:48.9	Self-directed IRA, buy Bitcoin, hold the private keys, and use tax advantage dollars to do it all.
1:54.8	So go to retire withchoice.com slash pomp.
2:00.0	Again, retire withchoice.com slash pomp. Again, retire withchoice.com slash pomp.
	...

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