Look For The Helpers | The Hurdle Rate Podcast | Ep. 68

In this week's Hurdle Rate, the crew breaks down the Coldcard self custody exploit and how the Bitcoin community responded to it, before turning to what the event revealed about how few people understood the cryptography they were relying on. We dig into the yen hitting its weakest level in forty years and what a fragile treasury market means for everyone holding dollars, Strategy'sdecision to sell Bitcoin and build a cash reserve, and the game theory behind buybacks. We close with a deeper look at the traditional capital that is starting to fill gaps this market used to fill on its own.

Here's the latest with Tim Kotzman, Matt Cole, Jeff Walton, and Ben Werkman.

Timestamps00:00 - Welcome To The Hurdle Rate02:03 - The Weekend That Tested Self Custody03:34 - Look For The Helpers07:48 - Why A White Hat Could Not Have Saved This13:11 - A Humbling Event For The Whole Market17:09 - What People Did Not Understand About Cryptography20:58 - Bitcoin Recovers From The Drop23:24 - The Yen At Forty Year Lows28:38 - Who Actually Buys Treasuries Now33:48 - Fragile Markets And What Props Them Up36:42 - Strategy Sells Bitcoin And Builds Reserves41:33 - The Game Theory Of Buybacks42:37 - Traditional Capital Fills The Gap46:38 - What The Clarity Act Would Open Up

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