Name: Greg Foss On Bitcoin In The Macroeconomic Landscape - Bitcoin Magazine Podcast
Uploaded: 2021-06-08T21:48:32+00:00
Duration: 1 h 6 min 48 s
Description: This podcast episode was recorded as a primer for Greg’s appearance at the B21 The Bitcoin Macro Landscape Panel. If you couldn’t make the conference, make sure to catch the Bitcoin 2021 YouTube live

4 years ago

This podcast episode was recorded as a primer for Greg’s appearance at the B21 The Bitcoin Macro Landscape Panel. If you couldn’t make the conference, make sure to catch the Bitcoin 2021 YouTube live stream for day one and for day two.

In this podcast recorded on May 25th, Bitcoin Magazine’s Head of Research Dylan LeClair had a discussion with credit market expert Greg Foss to discuss the macro landscape surrounding bitcoin.

Greg holds over 30 years of experience in credit markets, and his breadth of knowledge was put on full display during the podcast as the two discussed leverage in the financial system, investment strategies and hedging optionality using a small long VOL allocation with a majority bitcoin position, and bitcoin as the ultimate solution to the fiat ponzi. The two also discussed the recent event of legendary macro investor Ray Dalio saying he would rather own Bitcoin than a bond, and what it means for the investment community.

This discussion is not one you want to miss. For more of Greg’s work, checkout his report tilted, Why Every Fixed Income Investor Needs To Consider Bitcoin As Portfolio Insurance, as well as tune in to his panel discussion with Preston Pysh, Jeff Booth Mark Yusko, and Trey Lockerbie on the Nakamoto Stage at 9:10am EST ( livestream link: here).

Timestamps:

0:00 - 2:49 Intro
2:49 - 4:22 Introduction to Greg
4:22 - 12:01 Why the financial system is irreversibly broken
12:01 - 13:50 We are at a point of no return
13:50 - 19:47 How are credit investors thinking about this macro environment?
19:47 - 25:39 Ray Dalio's announcement
25:39 - 27:16 The acceleration of the debt spiral
27:16 - 32:03 What effects do deleveraging events have on bitcoin?
32:03 - 37:53 Pairing bitcoin with equity and debt
37:53 - 44:14 Michael Burry's warnings of hyperinflation
44:14 - 45:16 Bitcoin is a hedge against the potential costs on future generations
45:16 - 51:38 The current state of the dollar as the global reserve currency
51:38 - 57:52 The increasing speculative attack on the dollar
57:52 - 59:29 We are still early with bitcoin as a store of value
59:29 - 1:01:33 Looking forward to the future
1:01:33 - 1:02:38 When you are long credit, you are short volatility
1:02:38 - 1:06:48 Greg shows his mechanical calculator