Wall Street Embraces Bitcoin with James Lavish & Eric Yakes
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- Опубликовано: 1 июн 2024
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“For the first time in the history of Wall St. we can be front-running the institutions and buying this thing and they still can’t do it; their hands are tied, they just can’t do it.”
- James Lavish
James Lavish is a macro analyst, and Eric Yakes is the author of The 7th Property. In this interview, we discuss Wall Street’s arrival into Bitcoin, why TradFi struggles to understand it and how Bitcoin is a new paradigm for investors.
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TIMESTAMPS:
00:00:00 TradFi perspective on Bitcoin
00:10:46 How TradFi comes to Bitcoin
00:22:11 Bitcoin’s new paradigm for investors
00:33:17 Volatility & leverage; frontrunning institutions
00:47:24 Price & demand shocks
01:03:23 New Bitcoin business opportunities
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I am a boomer (75 young) and have a IRA in Vanguard. I currently live in Ecuador so cannot access my account but the moment I can I will close out my IRA and buy bitcoin with the proceeds.
You can transfer the IRA to Fidelity. Then buy a bitcoin ETF inside the IRA.
I appreciate James, describing how hard it was to unlearn in order to enbrace bitcoin… Reminds me of the Alvin Toffler quote…
“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”
James is great.
By far one of the best interviews YTD - Love James and Eric both in the same space explaining capital markets when it pertains to the 🌽
Peter, I have been loving your content recently. Bitcoin mechanic was great and I’m so happy you are going down this path. I feel my bitcoin journey is similar to yours. I’m learning Something new everyday. Thanks for doing what you are doing! I love your content so much more now than your content from a few years ago.
Always appreciate James' takes.
Really liked this one.
Me: I care about myself, and that's why I do what I do.
Bitcoin: We're gonna be great friends.
Excellent and I learned a lot about fund perspectives toward BTC that I didn't expect from the onset. One quick thing: another reason why some funds may be latent to BTC is the people working at the funds are personally front-running their funds flooding into the space. They'll later, unless something goes wrong, force their clients money to lift BTC higher and they'll be well in the green personally. This is easier than when you use clients money to short something you know has a high probability of squeezing and place opposite bets or have others do so privately so that when your clients money gets squozen you're partners make huge bank. Half the joy of insider gigs is being knowledgeable enough to as close as possible front-run your firm's operations.
What a wonderful and smart discussion you hosted with James & Eric. Thank you for this great interview 😊
Lavish is a savage.
Re Vanguard, in terms of the individual investor missing out, yes I get it. But as a company, worth bearing in mind they are the largest shareholders of Blackrock & 2nd largest holders of Fidelity & Microstrategy so as a company they may think they have ample exposure rn.
Another great podcast, your guests provided me with so much information. I actually have to listen to it twice! I count on you Peter to keep their feet on the ground.
This was excellent. I learned a lot. Thank you for explaining things in a way I can start to comprehend. I often get lost around the leverage discussion and being stopped out. I am super happy to have spent an hour soaking this in. Eric’s book The 7th Property is still my favorite. He knows how to explain things and that is incredibly helpful and important. I am
trying to use Nostr more. I would love a link to you there as well.
Such a beautiful setting no joke
Where is it exactly
Great show
Great job, Peter. The best guests and the best questions. Keep asking those "dumb" questions that force those guys to explain their jargon!
Fantastic content, well done everyone 👏💯😎
Signal. Thank you!
I would love to hear someone's thoughts on how Wall Street is going to fuck this up for real bitcoiners. Price manipulation, pump and dumping, etc. I feel like they are not just getting into it to collect the tiny fees that they are charging. Wall Street and the banks almost never lose, so is there enough upside for them to be cool with all of us front running them on this asset?
As a hockey player, I only see another hockey player in Lavish 😂
Great talk
Thanks dudes
Great chat. Lots of info with no bs. Thank you gents
nice, Pete
Defi on Bitcoin will solve a lot.
Bitcoin does not fit into the traditional commodity bucket because it has a fixed and scheduled supply. Gold does not. (Demand goes up, more gold is mined) Because of its fixed supply, Bitcoin is a scarcity. A digital scarcity treated as property. C’mon Guys… Bitcoin Standard 101 😂
More gold doesn't get mined when price goes up though. At least the impact of price go up is the least out of all other commodities. Since 1930s there has not been a year where new gold supply was greater than 2% of the existing stock. Yeah, bitcoin is better, but unless we find a way to bring tonnes of gold from a meteorite, don't expect that gold production will ramp up whatever the price does.
Tremendous
James was annoyed that he was not able to talk and cut constantly by Erik
What? James did most of the talking lol
Great content as always! Also, glad to hear you're out from under that idiot that sued you...F that guy!
Bosh !
By investing in bitcoin you are investing in every company in the world. As the world goes into a bitcoin standard.
Eric's audio is way too high on the treble it's hurting my ears FYI
I’m not really Bitcoin maxi but I love these discussions. Certainly gonna use my shit coins to grow my BTC over time
Good luck
Great. When's # 2?
First!
I bet Peter doesn’t know he has prepubescents listening 😁. Welcome to the Revolution! Lavdog, I kinda like it.
George of “cryptosrus” pointed out that Vanguard is major equity shareholder of bitcoin proxies ie Blackrock, MSTR, Mining companies, etc. Vanguard owns bitcoin by proxy.
how much did real bedford pay for that spot? :)
Second!
Third
Pete doesn’t know what margin lending is ??? lol
As volatility of bitcoin decreases fiat volatility will increase
Beware the term “adjacent protocol” 💩
Second
What a super round table. See what I did there?
There is a code of conduct on Wall Street that I guess still holds because these two are not peppering their conversation with curse words, or better yet, they know if they want respect from the big institutions, they have to watch themselves,
I'm halfway into this, and not a curse word is loudly spoken. That's better, I have to turn you off when you and your guys drop the curse words. So, for the sake of all the fiat in the pockets of the boomers, please be respectful on these podcasts, and remember, if you want us watching, you've got to be mindful. Thank you!
NYSE is dead. Bitcoin is moral and ethical.
Blockfi mccormick strikes again
He’s apologized and owned up to that so many times