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Bitcoin Magazine

Samara Asset Group CEO: Bitcoin Treasury Companies a “Disservice to Shareholders”

A CEO whose company holds Bitcoin as its primary treasury reserve says he hates the term “Bitcoin treasury company,” and that the market is rejecting every pure treasury play except Strategy. Patrick Lowry of Samara Asset Group joins Grace Remington and Sean Hagan to explain why “digital gold” was “stupid marketing” that turned Bitcoin into an investment instead of money, and why that framing is exactly why Bitcoin dips every time the Fed talks about hiking. He lays out how Samara uses Bitcoin as working capital instead, parking venture fund commitments in it and liquidating on capital calls regardless of price.

Chapters:
0:00 “I Hate the Term Bitcoin Treasury Company”: The Market Is Rejecting Pure Plays
1:05 Why “Digital Gold” Was Stupid Marketing That Made Bitcoin an Investment
2:13 Hold vs. Use: How Samara Runs Bitcoin as Working Capital for 20+ Funds
3:59 Capital Calls Explained: Parking VC Commitments in Bitcoin Across Halving Cycles
7:17 The Hurdle Rate Problem: Why Holding Bitcoin Can Be a Disservice to Shareholders
11:46 MSCI’s Non-Operating Company Decision and the 1940 Act Loophole
13:37 Bitcoin, Ethereum and XRP: What Happens If Altcoin Treasuries Trigger a Backlash
15:21 Europe Went Backwards: BaFin, the First Bitcoin ETP and Post-Merkel Overregulation
20:20 France’s Bond Crisis and Why Germany Won’t Bail Out the French
23:30 What Rising Sovereign Yields Mean for Bitcoin and Why It Dips on Fed Hikes

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Samara Asset Group CEO: Bitcoin Treasury Companies a “Disservice to Shareholders” first appeared on Bitcoin Magazine and is written by Patrick Green.

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Bitcoin Magazine

Leon Wankum: The Insane Math Behind Bitcoin Demonetizing Real Estate

Real estate is the largest asset class in the world at $300–500 trillion, and Leon Wankum says Bitcoin won’t just overtake it, it will outgrow it. The real estate operator and author of Digital Real Estate joins Spencer Nichols on the Bitcoin Magazine Podcast to explain why real estate only became money after 1971, why 80–90% of its value is monetary premium rather than utility, and why that premium is migrating to Bitcoin the way information migrated to the internet. He lays out his $1,000 trillion base case, a price path to $1 million by the late 2030s, and why it’s now financially smarter to rent and buy Bitcoin.

Host: Spencer Nichols — Bitcoin Magazine
Leon Wankum — Author of Digital Real Estate

Get your copy of Digital Real Estate here: https://store.bitcoinmagazine.com/collections/books/products/digital-real-estate

Chapters:
0:00 Why $1,000 Trillion Is the Base Case for Bitcoin
1:44 From Rome to Nixon: How Real Estate Became Money After 1971
3:53 Leverage, Cash Flow and Why Most Real Estate Deals Don’t Work Right Now
6:24 Real Estate Is a $300–500 Trillion Market and Bitcoin Will Outgrow It
9:11 Collateral Doesn’t Need Cash Flow: Bitcoin’s 50% CAGR vs. Real Estate’s 4–6%
12:22 Why Bitcoin’s Four-Year Cycles and Volatility Are a Feature for Collateral
15:46 Rent and Buy Bitcoin: How the Monetary Premium Migrates Out of Real Estate
20:30 The Digital Real Estate Playbook: Sell, Accumulate, Refinance, Dual Collateral
25:34 Bitcoin Treasury Preferreds at 15% vs. Rental Property and the Future of Interest Rates
30:33 Bitcoin to $1 Million by the Late 2030s

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Leon Wankum: The Insane Math Behind Bitcoin Demonetizing Real Estate first appeared on Bitcoin Magazine and is written by Mark Mason.