This Bitcoin Investment Strategy Changes Everything | Jeff Park

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 18 September 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jeff Park is a Partner and Chief Investing Officer of ProCap BTC. This conversation was recorded at the Independent Investor Summit in New York. In this conversation we talk about the intelligent investor vs ideological investor, radical portfolio theory, rise of prediction markets, stablecoins, and what the future of bitcoin treasury companies looks like.

======================

Pomp writes a daily letter to over 270,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: ⁠⁠⁠https://pomp.substack.com/⁠⁠⁠

======================

Check out my NEW show for daily bite-sized breakdowns of the biggest stories in finance, technology, and politics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠http://pompdesk.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠

======================

Core is the leading Bitcoin scaling solution, enabling you to lock in yield by locking up your Bitcoin. Simply lock it on the Bitcoin blockchain to secure the Core network, and get rewards. No bridging. No lending. Just holding. Still your keys. Still your coins. Now your yield. Start at https://stake.coredao.org/pomp

======================

BitcoinIRA: Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $500 in rewards.

======================

TimeStamps:

0:00 - Intro
0:35 - Intelligent investor vs Ideological investor
3:51 - Radical portfolio theory
10:04 - Why prediction markets will be huge
15:21 - What is the role of stablecoins?
20:41 - Bitcoin treasury companies
29:25 - Ideas to trade Strategy
35:50 - What happens when the premiums trade at a discount?
38:25 - Advice for navigating the world

Transcript

Click on a timestamp to play from that location

0:00.0	Where do you find a clear signal in a world of static?
0:03.2	In a time of rapid change cut through the noise.
0:06.2	The economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.
0:12.7	Get the full story.
0:14.1	It's more than news.
0:15.4	It's a trusted global perspective.
0:17.7	The economist know which way is up.
0:21.0	Why are businesses like HelloVet choosing Apple products and services?
0:25.6	So we started the business two years ago. We had a few people who were used to PCs and this was their first foray into Macs.
0:33.3	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:38.3	Find out how Mac can help you run and grow your business at apple.co forward slash hello vet.
0:45.3	So this is the insight that I'm going to share.
0:48.3	There's this notion that the bells and whistles of these prefers offer different outcomes
0:53.3	because there is some rank order effect as to some appearing a little bit more secure than others, the market has decided that there's a 30 point spread. I'm telling you, in a terminal value perspective, it doesn't really matter. They're all going to be shared in the same bankruptcy class. So then what you can really think about is, well, why do you buy preferred today anyway? You're buying it because of the yield. You want to get paid cash now for
1:15.0	owning micro strategy risk. And so the most compelling security that I see today is,
1:22.1	all right, Jeff, you have very unique views of the world of investing, including you recently have been talking a lot about this idea of an ideological investor versus maybe the like Buffett type. Explain the difference between these two people.
1:37.6	Yeah. I've been thinking about this a lot. And it goes back to an old adage that has been said before,
1:45.0	which is that everyone in the world today seems to know the price of everything, but the value of nothing.
1:51.2	And I think that's what the core of value investing is missing today.
1:56.5	When you think about Benjamin Graham's version of value investing, it talks about cheapness.
2:03.5	It talks about valuation metrics that is mostly concerned around a yield on a liquidity bootstrap.
2:10.7	And it talks a lot about these constructs that applies for a certain period of time for which investing frameworks worked, which is
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Anthony Pompliano, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Anthony Pompliano and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.