We Study Billionaires - The Investors Podcast

Preston sits down with Jon Melton to explore his shift from Morgan Stanley to Bitcoin, insights on Silvergate Bank’s crypto strategy, and the future of Bitcoin-backed finance. They delve into lending models, the impact of regulation, and how Jon sees banks engaging with digital assets going forward. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 04:31 - How Jon transitioned from Morgan Stanley to the Bitcoin world. 06:32 - The impact of Wences Casares on Jon’s Bitcoin conviction. 08:43 - What made Zappo a pioneer in Bitcoin custody. 09:42 - Silvergate Bank’s unique approach to cryptocurrency banking. 14:50 - Reasons behind Silvergate’s decision to wind down operations. 20:09 - The importance of over-collateralization in Bitcoin lending. 23:10 - Why Unchained avoids rehypothecation in its lending model. 27:25 - How Bitcoin loans might integrate with real estate in the future. 33:38 - The Federal Reserve vs. Treasury Department on stablecoin policy. 37:49 - Why Jon remains bullish on Bitcoin and