BTC013: Bitcoin Lending & Borrowing w/ Blockfi's Zac Prince & Mark Yusko (Bitcoin Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 17 February 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU'LL LEARN: What are the basics of how Bitcoin lending works What is over-collateralization What are some of the risks w/ Blockfi How does Blockfi protect against institutional lending that isn't over-collateralized How does Blockfi manage the escrow for depositors What is the future going to bring for Blockfi Does Zac Prince think lending rates will go higher BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Learn more about Blockfi Follow Zac Prince on twitter Mark Yusko's firm, Morgan Creek Capital Management Follow Mark Yusko on twitter Browse through all our episodes (complete with transcripts) here. 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Transcript

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0:00.0	You're listening to TIP.
0:02.4	Hey everyone, welcome to this Wednesday's release of the show where we're talking about Bitcoin.
0:06.8	Today's show is an important one because we're talking about a really interesting and controversial topic
0:11.6	and that's Bitcoin borrowing and lending.
0:14.1	To cover this topic, I have two Titans in the space and that Zach Prince,
0:17.9	who's the CEO at one of the largest borrowing and lending platforms called BlockFi.
0:22.4	And we're also joined by Mr. Mark Yusko, who's a major investor and not only BlockFi,
0:26.8	but numerous other digital asset companies with Morgan Creek Capital Management.
0:31.0	Mark wasn't able to join us until later in the conversation,
0:33.7	so it'll just be Zach and myself for the first half of the conversation.
0:37.1	I try to cover all the areas of this topic so that listener can fully understand
0:41.0	what risks are being assumed by the potential user of these platforms.
0:44.7	At the end of the conversation, I provide my own personal thoughts on the idea
0:48.4	of lending and borrowing and it's kind of a summary of everything I just learned.
0:52.0	So with that, here's my conversation with Zach and Mark.
0:57.9	You're listening to Bitcoin Fundamentals by the Investors Podcast Network.
1:03.7	Now for your host Preston Pish.
1:16.9	All right, so here we are with Zach Prince and Mark Yusko.
1:20.4	Zach, Mark, welcome to the show.
1:22.4	Thanks so much for having me, Preston.
1:24.1	I was telling you before we started recording, I've been a fan of the show since before you started
1:28.7	talking about Bitcoin almost every episode it feels like.
	...

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