We Study Billionaires - The Investors Podcast

A sharp panel debates Bitcoin’s “institutional phase”: BlackRock’s ETF as catalyst, SEC policy shifts on in-kind redemptions, and the boom in corporate treasury strategies. They probe Coinbase custody concentration, nationalization risks, Tether’s role, and why self-custody remains the antidote. AI’s influence on education and CBDCs vs private stablecoins round out a high-signal hour. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:11 - Why BlackRock’s spot ETF marked a cultural and capital tipping point.  05:31 - How SEC limits on in-kind redemptions and their reversal, shape market integrity.  08:56 - The difference between MicroStrategy’s preferred stock model vs convertible debt.  10:14 - Why concentrated Coinbase custody introduces fragility and what decentralizes it.  12:10 - The political “nationalization” risk and how institutions could be rugged.  17:45 - The case for denominating liabilities in fiat while stacking BTC.  19:50 - Pitfalls of copycat treasury companies timing the market (e.