Eric Balchunas: The Next Phase of Bitcoin Has Already Begun

In this episode, I chat with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of The Bogle Effect. We dive into the life and legacy of Jack Bogle, the founder of Vanguard, and explore the evolution of Bitcoin ETFs.

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––– Chapters –––

00:00 - Intro

01:12 - Eric’s Background: Journalism to Finance

05:53 - Investing Philosophy and Personal Strategy 

09:24 - Exploring The Bogle Effect 

12:09 - Comparing Bogle and Satoshi 

22:19 - Origin Story of Vanguard 

24:45 - Launching the First Index Fund 

28:51 - The Sacrificial Ethos of Bogle 34:46 - Buffett’s Tribute and Endorsement 

37:03 - Who Are the Bogleheads? 

42:09 - Bogle’s Take on ETFs and Trading 

44:59 - Frankenstein’s Monster: Thematic ETFs 

49:46 - The Art of Doing Nothing 

50:56 - Inflation, Bitcoin, and the Real Return 

53:18 - Comparing Bitcoin and U.S. Stocks 54:45 - Bogle’s Take on Trustless Money and Banks 

58:33 - Eric’s Journey into Bitcoin via ETF Filings 

01:04:55 - TradFi’s Shift After the Bitcoin ETF Approval 

01:05:37 - BlackRock, Fidelity & the Legitimization of Bitcoin 

1:13:17 - ETFs response to a Major Drop in Bitcoin's Price 

1:19:40 - The Two Things that Convinced Eric About Bitcoin 

1:24:10 - How Has Bitcoin Changed Eric 

DISCLAIMER: All views in this episode are our own and DO NOT reflect the opinions/views of any of our guests or sponsors. 

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Thank you for listening!