BTC237: Bitcoin & the Insurance Industry w/ Garrett Johnston (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 4 June 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Garrett Johnston shares why Bitcoin—not crypto—should be the foundation for insurance innovation. We explore regulatory friction, risk evolution, and strategic adoption for carriers and corporates. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:57 - How digital asset risk profiles evolve as companies scale 16:09 - The case for Bitcoin in insurance company treasuries 16:15 - Why Bitcoin enhances risk-adjusted returns in institutional portfolios 21:39 - Why current regulatory frameworks hinder BTC adoption 21:54 - How NAIC rules classify BTC as a non-admitted asset 22:07 - The importance of state-by-state education and reform 30:28 - Gaps in current insurance coverage for Bitcoin-native businesses 45:03 -Why “Bitcoin not crypto” is critical in traditional insurance circles 47:12 - ESG misconceptions about Bitcoin in insurance contexts 48:26 - Game theory behind state-level regulatory adoption (e.g., NH SBR) 49:39 - AI’s emerging role in insurance and supply chain risk analysis Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Garrett's ⁠X Account⁠. Check out all the books mentioned and discussed in our podcast episodes⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Join the exclusive ⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠Bitcoin Fundamentals Starter Packs⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠. Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠⁠⁠: SimpleMining Hardblock AnchorWatch Unchained Human Rights Foundation Onramp Fundrise Vanta Netsuite Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.7	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:06.8	On this week's show, I have Garrett Johnston joining me to talk about one of the most
0:10.4	overlooked corners of Bitcoin's adoption, and that's the insurance industry.
0:14.7	Garrett has worked in some of the largest insurance brokerages in the world and brings a unique
0:19.0	perspective on why Bitcoin isn't just a speculative
0:21.6	asset, but a risk management tool the entire industry needs to understand. We talk about
0:27.3	solvency rules, admitted versus non-admitted assets, why most digital asset policies are
0:32.4	still missing the mark, and how Bitcoin could play a central role in transforming legacy
0:37.1	balance sheets.
0:38.3	All right.
0:38.6	So with all that said, let's jump right into the interview with Mr. Gaird Johnston.
0:46.2	Celebrating 10 years.
0:48.1	You are listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:52.9	Now for your host, Preston Pish.
1:04.2	Hey, everyone, welcome to the show.
1:05.8	I'm here with Garrett.
1:07.2	Man, I'm excited to have this conversation because I get to go back into some of my Berkshire
1:11.6	Hathaway, Warren Buffett roots as we're covering some of this. So welcome to the show,
1:16.8	Garrett. Great to be here, Preston. Hey, so you're in insurance. And for me, when I'm looking at
1:22.3	Bitcoin and I'm looking at the entire insurance industry, I'm just, I've been holding my head
1:26.8	like this for years
	...

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