Tad Smith is very bullish on Bitcoin, and the fact that so many people aren't makes him even more bullish.
Tad joins host Joe Burnett to discuss the Fed's surprise rate hike, Treasury Secretary Bessent's path toward yield curve control, and how AI is reshaping jobs and markets. They also cover Tad's barbell portfolio, the lessons of STRC's summer selloff, Bitcoin treasury companies, and why he believes all roads lead to Bitcoin.
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Timestamps
0:00 - Intro
1:18 - The Fed's Unnecessary Rate Hike
5:49 - Bessent, Warsh and Yield Curve Control
12:01 - Is AI a Bubble?
15:04 - AI Regulation and P(doom)
20:09 - AI and the Labor Market
25:11 - Tad's Barbell Portfolio
28:28 - Digital Credit and Stretch's Summer Selloff
35:28 - Why Tad Is Bullish on Bitcoin
40:00 - Strive, Strategy and Metaplanet
44:26 - The Clarity Act and Crypto Regulation
49:19 - AI, Terminal Values and Bitcoin
52:05 - The Economy in 10 Years
55:59 - Bitcoin's Path to 2030
57:56 - Closing Thoughts
Disclaimer:
The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.
True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).*
Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.