Eric Balchunas: The Next Phase of Bitcoin Has Already Begun

In this episode, I chat with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of The Bogle Effect. We dive into the life and legacy of Jack Bogle, the founder of Vanguard, and explore the evolution of Bitcoin ETFs.

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––– Chapters –––

00:00 - Intro

01:12 - Eric’s Background: Journalism to Finance

05:53 - Investing Philosophy and Personal Strategy

09:24 - Exploring The Bogle Effect

12:09 - Comparing Bogle and Satoshi

22:19 - Origin Story of Vanguard

24:45 - Launching the First Index Fund

28:51 - The Sacrificial Ethos of Bogle

34:46 - Buffett’s Tribute and Endorsement

37:03 - Who Are the Bogleheads?

42:09 - Bogle’s Take on ETFs and Trading

44:59 - Frankenstein’s Monster: Thematic ETFs

49:46 - The Art of Doing Nothing

50:56 - Inflation, Bitcoin, and the Real Return

53:18 - Comparing Bitcoin and U.S. Stocks

54:45 - Bogle’s Take on Trustless Money and Banks

58:33 - Eric’s Journey into Bitcoin via ETF Filings

01:04:55 - TradFi’s Shift After the Bitcoin ETF Approval

01:05:37 - BlackRock, Fidelity & the Legitimization of Bitcoin

1:13:17 - ETFs response to a Major Drop in Bitcoin's Price

1:19:40 - The Two Things that Convinced Eric About Bitcoin

1:24:10 - How Has Bitcoin Changed Eric

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