#595: Why Corporations Are Putting Bitcoin on Their Balance Sheet - Michael Moro

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 30 June 2021

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Michael Moro is the CEO of Genesis Global Trading. In this conversation, we discuss why corporations are putting bitcoin on their balance sheets, how they execute the transactions, what the accounting considerations are, and how this trend will evolve in the future. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= Exodus is an absolute game changer in the crypto wallet space, and we’ve teamed up to offer an exclusive discount for you, as listeners of the podcast. Sign up for Exodus today using my promo code Exodus.com/pomp. This is a no brainer for both newcomers and crypto heavyweights - go sign up today. ======================= Public Rec is on a mission to make comfort look good. Their fan-favorite Flex Short is the ultimate crossover short you’ll need all summer long. From the beach to the gym, this quick-drying short has you covered. Comfort starts with a better fit. Free shipping. Free returns. Visit www.publicrec.com/pomp and use POMP at checkout for 10% off!

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. Now let's kick this thing off.
0:09.7	Michael Morrow is the CEO of Genesis Global Trading. In this conversation, we discuss why corporations are putting Bitcoin on their balance sheets, how they execute the transactions, what the accounting considerations are, and how this
0:21.6	trend will evolve in the future. I really enjoyed this conversation with Michael,
0:25.4	and I hope you do as well. Before we get into this episode, I want to quickly talk about our
0:30.6	sponsors. First up is Circle. Circle is a global financial technology firm that enables
0:35.8	businesses of all sizes to harness the power of stable coins and public blockchains for payments, commerce, and financial applications worldwide.
0:44.1	Circle is also a principal developer of USD coin, or USDC, which is the fastest growing, regulated, fully reserved dollar stable coin in the world, now standing at more than $15 billion in
0:54.3	market cap and adding nearly $300 million of net new digital dollars in circulation
0:58.4	every single week. You can also get a free Circle account and a suite of platform API services
1:04.4	that bridge the gap between traditional payments and crypto for trading, defy, and NFT marketplaces.
1:10.2	Go to circle.com today and you can learn more about
1:13.5	their services and why that USD coin is growing so quickly. Again, circle.com. Go check it out. I'm sure
1:20.7	that you're going to be impressed. Circle.com. Next up is Exodus. Exodus is leading the world out of
1:26.4	the traditional financial system by building beautiful and user-friendly blockchain products.
1:30.4	With its focus on design and user experience, Exodus has become one of the most popular and loved cryptocurrency apps.
1:36.2	It's supported on both desktop and mobile, allowing you to sync your wallet across multiple devices so you can have access to your funds anywhere.
1:43.1	You can instantly exchange around 100 different cryptocurrencies straight from your wallet.
1:47.7	Interactive charts let you view an asset's price history and your portfolio's performance
1:51.7	over time.
1:53.0	And maybe the best part, Exodus is integrated with the Treasure Hardware Wallet, making
1:57.1	advanced security easy for everyone.
1:59.5	Visit Exodus.com slash pomp for your free download or search Exodus on the app store or the Play Store.
	...

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