Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 5. The mutual fund integration will be the Trojan horse that brings bitcoin to retirement accounts worldwide. Chapter: BlackRock (Redefining Portfolio Construction)

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

The Question If there's no risk-free asset, where does bitcoin belong in an investment portfolio? This is what BlackRock had to grapple with. From: Bitcoin for Institutions

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 1. Bitcoin is peer-to-peer. It is a cash system designed for individuals, and companies are always an individual acting on their behalf. Chapter: HODL'ing Bitcoin is Irrational

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 1. Bitcoin is the largest fixed-supply asset on Earth with 21 million units capped by immutable protocol, 95% already issued. Chapter: Bitcoin Requires a Deflationary Mindset

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

""If a borrower posts bitcoin as collateral, this loan would automatically become the most senior loan. A person will let any other asset go before relinquishing their bitcoin to a lender."" — Brian Hirschfield From: Structured Credit

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 1. Hardware wallets have made self-custody accessible , but the only real obstacle remains one's ability to protect a 12- or 24-word seed phrase. Chapter: Bitcoin Custody Requires a Higher Understanding of Tradeoffs

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

""A company that holds bitcoin in its treasury has a significant optionality advantage over one that does not."" — Brian Hirschfield From: Treasury / Balance Sheet - Having Optionality

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

⚠️ The Irony: Major pension funds invested hundreds of millions in fraudulent crypto enterprises that are now bankrupt with executives in prison - yet they hesitate to allocate even small amounts to actual bitcoin. From: Pensions

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

""Cryptography is ruthless, and there are two types of people in the world — those who have been burned and those who have yet to be."" — Brian Hirschfield From: Bitcoin Custody Requires a Higher Understanding of Tradeoffs

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

⚠️ This is not a corporate finance trick. It may appear that a company can use bitcoin cosmetically to fool investors into thinking it's profitable when it isn't. That is far from what is being suggested here. From: Treasury / Balance Sheet - Having Optionality

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

ℹ️ Mark-to-Market Treatment: Companies can now report their bitcoin holdings at current market value, reflecting both gains and losses in real-time. This is expected to pave the way for much more widespread bitcoin treasury adoption. From: Treasury / Balance Sheet - Having Optionality

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 2. Bitcoin is already less inflationary than gold at ~0.8% annual supply increase, halving every four years until 0% in 2140. Chapter: Bitcoin Requires a Deflationary Mindset

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 2. Freedom to transact is an extension of free speech —monetary transactions in the digital world are just messages. Chapter: Bitcoin Users Value Privacy

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 4. Corporate balance sheet holdings require a dominant individual (like Saylor) to overcome institutional pressure to sell. Chapter: HODL'ing Bitcoin is Irrational

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Stock Dilution If the bonds convert to equity, shareholders are diluted - but the bitcoin holdings have grown proportionally more. From: Bitcoin for Institutions

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 1. Strategy proves it can be done - a public company can successfully hold bitcoin long-term, but it requires a dominant individual. Chapter: Strategy (Balance Sheet Strength)

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 2. Saylor's engineering mindset elevated bitcoin from "Magic Internet Money" to "Thermodynamically Sound Digital Real Estate." Chapter: Strategy (Balance Sheet Strength)

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

Key Insight from Bitcoin for Institutions: 5. BlackRock's ETF may be the vehicle that finally brings institutional bitcoin exposure—by making it indirect and almost invisible. Chapter: HODL'ing Bitcoin is Irrational

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

The Old Paradigm Start with risk-free government bonds, then add stocks and other assets along the "efficient frontier" to optimize risk-adjusted returns. From: Bitcoin for Institutions

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors

Bitcoin for Institutions 3 months ago

No Contribution Limits Executives can defer unlimited amounts, making NQDC ideal for significant bitcoin accumulation. From: Bitcoin for Institutions

Bitcoin for Institutions | Math Academy

Interactive course on Bitcoin for institutional investors