In this episode, Ray Kamrath, Chief Commercial Officer of Bakkt, shares his journey from Wall Street to embracing bitcoin. Starting with a light-hearted recount of riding scooters and breaking his arm in Austin, Ray narrates his first encounter with bitcoin and the concept of sound money. He contrasts gold and bitcoin, explains his decision to join Bakkt, and he explores the potential for an institutional driven bull market. Ray offers insights into political interactions with bitcoin, valuation methods, and a potential monetary reset. The discussion also covers collaborative custody, differentiating bitcoin from other cryptocurrencies, and Bakkt's future trajectory.
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TIMESTAMPS:
00:02:38 Riding scooters and breaking arms in Austin
00:03:36 Ray first hearing about bitcoin
00:07:50 Talking about sound money on Wall Street
00:16:15 An institutional-driven bull market
00:27:20 Monetary reset–what does it look like?
00:31:30 Which countries will influence the market most?
00:38:30 Collaborative custody and a network of keys
00:48:54 Passive flows, MSTR, and bitcoin
00:50:41 What’s something you believe that most bitcoiners would disagree with?
00:51:47 What’s the biggest risk to bitcoin?
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