Episode 61: What’s Your Time Preference?

In this week's Hurdle Rate, the crew breaks down the latest corporate Bitcoin market activity and Strive's growing Bitcoin holdings, before turning to Strategy's Bitcoin sale and what the balance sheet math actually reveals about risk and permanent impairment. We dig into historical bear market scenarios, how to manage amplification ratios, and the product management and demand dynamics shaping the treasury company landscape. We close with a deeper look at what digital credit actually is, and why it matters for the road ahead.

Full episodes: https://tnorth.com/hurdle-rate

Timestamps
00:00 Welcome to the Hurdle Rate Podcast
01:44 Market Acceleration and USD Reserves
06:04 Holistic Capital Structure Strategy
12:20 Designing Long-Term Capital Vehicles
17:21 Analyzing Recent Bitcoin Flows
18:11 SpaceX IPO and Major Capital Events
29:18 Bitcoin on Institutional Balance Sheets
36:51 Takeaways from Bitcoin Prague
41:20 Onboarding New Investors via Digital Credit