Orange Pilling Wall Street with Hunter Horsley - WBD762

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 17 January 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hunter Horsley is the Co-founder and CEO of Bitwise. In this interview, we discuss the launch of the Bitcoin ETFs, including the impact on investors and the investment market, and the broader implications for the monetary system and the future of Bitcoin. We talk about regulatory challenges and the importance of educating financial advisors on Bitcoin. The conversation also covers the mechanics of ETFs, the role of authorized participants and the services Bitwise provide.

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The approval of the Bitcoin ETFs marks a historic moment, akin to the launch of the first gold ETF in 2003, and sets the stage for future developments in the ETF space. However, the road to launching a Bitcoin ETF has been fraught with regulatory hurdles and challenges. Hunter Horsley sheds light on the arduous process Bitwise underwent to obtain approval for their ETF.

One of the most significant advantages of a Bitcoin ETF is providing a regulated and disciplined investment option for Bitcoin. Hunter highlights how ETFs offer investors peace of mind and protection against risks, which is particularly beneficial for retirement accounts like IRAs. The introduction of the ETF has also led to a substantial reduction in fees, making Bitcoin investment more accessible and cost-effective.

We discuss how the introduction of Bitcoin ETFs has changed the landscape for financial advisors. Historically, advisors were reluctant to recommend Bitcoin due to its volatility and perceived risks. However, the ETF provides a more secure and familiar investment vehicle, which is shifting attitudes in the market. Hunter stresses the need for education and resources to help advisors incorporate Bitcoin into their clients' portfolios.

Hunter foresees a future where most investment portfolios will include some allocation towards Bitcoin. This shift could introduce a significant new buyer into the market. With the macroeconomic backdrop, potential rate cuts, and the upcoming halving, there is optimism about the setup and potential benefits for investors. There is now real potential for Bitcoin to become a relevant asset for long-term-oriented investors.

Show notes: https://www.whatbitcoindid.com/podcast/orange-pilling-wall-street

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Transcript

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0:00.0	The world is going to change.
0:03.0	We are not at the end of what humans can do.
0:07.0	The current thing has only been around for 50 years
0:10.0	and currently has a lot of stress.
0:12.0	And I think it's incredibly exciting and meaningful
0:15.3	that people in the Bitcoin space and for us
0:18.0	get to be part of proposing a solution.
0:21.8	Hello there from Nashville. I'm here with your boy Danny.
0:24.0	It's a very snowy Nashville.
0:25.0	It's something I didn't expect to see.
0:26.0	The city seems to have closed out for a couple of days,
0:28.0	but I haven't stopped the Bitcoin as we were at Bit Devd last night
0:31.0	and get the mining summit down here at Bitcoin Park the next couple of days.
0:34.7	Looking forward to hanging out with you Bitcoiners and then I'm off to Canada.
0:37.8	I'm off to make a movie, the final movie of the of the current series we've been working on.
0:42.3	Anyway, welcome to the What Bitcoin did
0:43.8	podcast which is brought to you by the massive legends at Iris Energy, the largest
0:47.8	NASDAQ listed Bitcoin miner using 100% renewable energy. I'm your host
0:51.8	Peter McCormack and today I've got Hunter Horsley on the
0:54.4	podcast now if you don't know Hunter he is the CEO of Bitwise one of the ETF
0:58.7	issuers who launched last week now I've been talking to Hunter for quite some time now. I've been basically saying to him,
1:04.6	look, if these ETS happens, come on the show, come and tell us what it's like from the inside. So yeah, we got
	...

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