Episode notes
“It’s like saying I can’t handle the internet in 1995, and there were many people that couldn’t. Do you know what happened? The internet ploughed ahead, and eventually, you caught up… the world is going to catch up to this because there is going to be no alternative.”
— Bill Barhydt
Location: Remotely
Date: Thursday 18th Feb
Company: Abra
Role: Founder & CEO
In the last week, bitcoin broke $50,000 for the first time, a significant milestone, helped by corporate adoption. Tesla’s $1.5bn bitcoin buy was a watershed moment. Still, it would likely not have happened without MicroStrategy, who themselves announced this week that they would be raising another $900 million to acquire more bitcoin.
Using Bitcoin as a corporate treasury asset is only expected to grow, with some bitcoiners suggesting that as many as half the S&P500 will hold bitcoin in their balance sheet before the end of 2021.
The next logical step after corporate adoption of Bitcoin is the nation-state. With India looking to ban Bitcoin, it is clear there is still a large amount of scepticism from nation-states. However, the first country to embrace Bitcoin will likely see the same benefits as MicroStrategy did.
In this interview, I talk to Bill Barhydt, the CEO and Founder of Abra. We discuss what $50k bitcoin means, increasing corporate adoption and which nation-state will be the first to embrace Bitcoin.
This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
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