Darius Dale, Managing Director at Hedgeye Risk Management: The Truth about Bitcoin's Future

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 6 January 2020

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Darius Dale is the Managing Director and Partner at Hedgeye Risk Management. In this conversation, Anthony Pompliano and Darius discuss the macroeconomy, monetary policy, the role of the Federal Reserve, China’s economic development, Bitcoin’s future potential, and the importance of financial literacy in today’s world. BLOCKFI-----BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. UNSTOPPABLE DOMAINS-----Make your crypto currency payments simple and build censorship resistant websites. Visit unstoppabledomains.com and purchase your blockchain domains today! ETORO-----This episode of Off the Chain is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join 11 million other traders and create an account at etoro.com and build your crypto portfolio the smart way.

Transcript

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0:00.0	Hey guys, before we get started, I want to talk about three sponsors of the Off the Chain podcast.
0:05.2	These three companies make all this possible, so go check them out.
0:08.6	The first company is Block 5.
0:10.7	Think about this.
0:11.6	If Bitcoin and other cryptocurrencies have any chance of ever becoming the next global reserve currency,
0:16.4	we're going to need a lot of infrastructure and wealth management services built.
0:19.8	It's exactly what BlackFi is
0:20.8	doing. As most of you already know, I'm a huge fan of the company and I even invested. Alongside that,
0:27.6	I'm also a user. Today, BlockFi offers three products. The first is giving US dollar loans
0:32.3	against your crypto as collateral. The second is an interest-bearing account for your crypto deposits,
0:38.5	and the third allows you to buy or trade crypto. These three products are super important in helping people do more with
0:43.4	their Bitcoin, Ethereum, G-USD, or whatever. But if you don't want to sell your crypto and you need
0:48.8	U.S. dollar liquidity, BlockFi can give you a loan. Or maybe you're a long-term holder like me,
0:53.1	but you want to earn some interest on your assets. Obviously, rates vary, but right now BlockFi is paying, I think, 6.2% APY on Bitcoin and 8.6% APY on GUSD deposits. Unheard of interest rates in the legacy fiat world. And as if these three products weren't enough, this is super exciting. But BlockFi recently sent an email to all their users, and they said that they're going to launch a credit card in 2020 that pays the credit card rewards in Bitcoin rather than giving you cashback or loyalty points.
1:21.5	A Bitcoin rewards credit card not only sounds dope, but should help more people earn Bitcoin for their everyday purchases too.
1:28.5	So BlockFi's been a long-term supporter of Off the Chain podcast. I'm a huge fan. Go to blockfi.com
1:34.6	slash pomp and check them out. There may even be some discounts and surprises when you go.
1:39.5	So go to blockfi.com slash pomp. Wink, wink, blockfi.com slash slash pomp now the second advertiser is a new one for us
1:47.2	unstoppable domains many of you probably already heard about youtube taking down crypto related content
1:52.8	or metamask getting removed from the google playstorm well essentially the decentralized web is
1:57.6	going to make that kind of censorship impossible. There are a lot of companies
2:00.9	working on decentralized web, but one of the companies that I'm really excited about is Unstoppable
	...

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