Bitcoin Skepticism with Greg Thomson

In this episode of Magic Internet Money, host Brad Mills discusses guest Ivan Brightly’s time being partnered with Galaxy Digital. Galaxy began as a hedge fund that has since shifted its scope to become the “Goldman-Sachs of Crypto”. Ivan discusses his experience with the company before his departure in January. The pair discuss the impact that ETFs are having and may continue to have on cryptocurrency markets. In addition to that impact, ETFs have the potential to bring centralization to the market. Brad and Ivan debate about Coinbase being anti-bitcoin and whether or not it remains true to libertarian philosophies. Finally, the two share their lessons learned over the past few cycles and share their crypto portfolio experiences.

Time Stamps

4:20 – “Saylorization” of the investment class and cipherpunk values

10:20 – The Risk of government intervention

22:53 – Importance of ETF

38:20 – Options about GBTC/QBTC

57:30 – Lessons learned over past cycles

Mentions from the Show

Galaxy Digital

Mike Novogratz

Ben Hunt’s podcast, Epsilon Theory

Michael Saylor

Chaincode and Blockstream developer tools