$50k Bitcoin, What's Next? With Bill Barhydt - WBD312
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 19 February 2021
⏱️ 76 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | It's like saying I can't handle the internet in 1995 and there were many people that couldn't. |
| 0:06.0 | You know what happened? The internet plowed ahead and eventually you caught up. |
| 0:10.0 | The world is going to catch up to this because there's going to be no alternative. |
| 0:15.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:20.0 | How are you all? |
| 0:21.0 | Bitcoin over $50,000? It keeps riling. It's crazy right. What is going on? |
| 0:27.2 | Anyway, listen, welcome to the What Bitcoin did podcast which is brought to you by The |
| 0:31.0 | mighty Cracken, the best place to buy |
| 0:33.2 | sound trade Bitcoin. |
| 0:34.3 | I'm your host, Peter McCormack, and today I've got an interview with my good buddy Bill |
| 0:37.9 | Barhide from Arbrae. |
| 0:39.6 | We recorded this yesterday with Bitcoin sat just around $52,000 and we discuss what comes next |
| 0:45.6 | for Bitcoin. But before we get into the interview I do have a message from my amazing |
| 0:50.0 | show sponsors. Okay today I'm going to kick off with BlockFi. Now with BlockFi you can |
| 0:55.2 | open up an interest account and start earning interest on your Bitcoin. I'm doing |
| 0:59.9 | this. I've been a customer for about 14 months now and with my interest and with my |
| 1:04.4 | referrals I've received over one Bitcoin which is pretty damn cool. You can also |
| 1:09.1 | use your Bitcoin as collateral and take out a USDA. If you're making lots of money with your |
| 1:13.6 | Bitcoin you think I want my Lambo you can do this and you can also fund your |
| 1:18.1 | BlockFi account directly from your Bitcoin wallet and with the BlockFi mobile |
| 1:22.0 | app you can manage your account on the go and with the BlockFi mobile app, you can manage your account on the go, and with |
| 1:24.3 | the BlockFi Visa Rewards Bitcoin Credit Card coming very soon, they are going to crush it this year. |
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