Bitcoin as Investment Portfolio Insurance with Greg Foss - WBD321
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 15 March 2021
⏱️ 92 minutes
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Summary
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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Transcript
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| 0:00.0 | It's inevitable that if you own zero Bitcoin right now, you're taking extreme |
| 0:07.9 | amounts of risk. |
| 0:08.9 | Hello there from Bedford in the United Kingdom, the Bitcoin of the world how are you all oh my god |
| 0:16.0 | Bitcoin hit 60,000 dollars this weekend kind of amazing really The train won't stop. |
| 0:23.0 | Just a year ago when the market crashed it below $4,000 and here we are. |
| 0:28.0 | New all-time highs happening all the time pretty good. |
| 0:31.0 | I think all of you must be feeling very good about this. Anyway, welcome to the |
| 0:35.6 | What Bitcoin did podcast which is brought to you by the mighty Kraken, the best place to buy, sell |
| 0:39.9 | and trade Bitcoin. I'm your host Peter McCormack and today I've got an interview with Greg Foss where we're going to get into |
| 0:45.9 | rising yield rates on treasuries and why Bitcoin is the best asymmetric trade ever. |
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