Podcasters Per Share | The Hurdle Rate Podcast | Ep. 74

This week on The Hurdle Rate: Adam Livingston joins Strive as VP of Investments, Strategy buys back $139 million of STRC with stretch back near 99, and Strive adds 469 Bitcoin at an average cost of $77,954 while hitting an all-time high market cap of $2.75 billion. Jeff makes the case that trust is the real infrastructure of capital markets, and why Bitcoin makes that trust legible. We get into the Clarity Act, AI doomerism, and why the crew thinks the frontier labs are using fear to build a moat ahead of their IPOs. Matt takes macro with the 10-year touching 5%, what a short-term Bitcoin flush would actually look like, and why it would be the dream setup. We close with a capital markets recap and Strive's one-year anniversary.

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

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Timestamps:00:00 - Intro01:17 - Adam Livingston Joins Strive08:52 - Trust as Capital Markets Infrastructure19:48 - The Amplified Bitcoin Story and SATA22:44 - Building Through the Bear Market24:54 - An Outsider's View of Strive28:35 - The Clarity Act and Regulatory Trust36:23 - AI Doomerism and the Messy Middle45:03 - Don't Let the Ladder Get Pulled Up51:28 - Macro: The 10-Year Touches 5%55:27 - What a Bitcoin Flush Would Look Like1:01:46 - Capital Markets Recap

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