Old Men, New Money®: Bitcoin, Blockchain & Tokenization

Understanding the Risks of Investing in Treasury CompaniesIn the latest episode of Old Men New Money, Douglas Borthwick delves into the various risks associated with investing in corporate treasury companies that are heavily involved in crypto assets. The episode covers seven major risk categories including asset price risk, NAV premium compression, dilution, debt leverage, regulatory issues, key person risk, and execution risk. Borthwick emphasizes the importance of understanding and managing these risks, especially in volatile market conditions, and provides guidance on position sizing, monitoring metrics, and establishing clear exit rules. He also cautions against treating these investments as conservative or core holdings, recommending them only for those with high risk tolerance and speculative capital.00:00 Introduction to Corporate Treasury Strategies00:45 Understanding Major Risk Categories02:37 Asset Price Risk Explained04:14 NAV Premium Compression05:46 Dilution Risks06:56 Debt and Leverage Risks08:14 Regulatory and Legal Risks09:36 Key Person Risk10:46 Execution Risk12:20 Competition and Technological Disruption15:23 Managing Risks and Position Sizing16:30 Who Should and Shouldn't Invest18:09 Final Thoughts and Next Module Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Understanding SOL Strategies: The Future of Treasury CompaniesIn this episode of 'Old Men New Money,' Douglas Borthwick explores SOL Strategies (ticker: STKE), a pioneering Solana Treasury company that goes beyond simple asset accumulation. Unlike other treasury companies, SOL Strategies also operates validator infrastructure, earning fees from institutional clients and building a recurring revenue business. They manage over 3.6 million SOL and provide staking services for major institutions like ARC Invest and VanEck. The episode delves into their revenue streams, including staking yield, validator fees, and purchasing locked SOL at a 15% discount from the Solana Foundation. Borthwick also discusses why Solana's high throughput and low-cost blockchain make it the ideal platform for institutional applications. The episode concludes with an analysis of risks and strategic advantages, positioning SOL Strategies as a model for the future of treasury companies.00:00 Introduction to SOL Strategies00:48 Overview of SOL Strategies06:28 Revenue Streams Explained08:19 Validator Economics and Operations12:02 Institutional Partnerships and Clients15:36 Risks and Challenges19:18 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Bitmine's Ambitious Ethereum Accumulation Strategy ExplainedIn this episode of Old Men New Money, host Douglas Borthwick delves into Bitmine's strategic pivot from Bitcoin mining to becoming the world's largest Ethereum treasury. Led by Tom Lee of Fundstrat, Bitmine aims to accumulate 5% of all Ethereum by leveraging capital markets and staking ETH for yield. This episode examines the differences between Bitcoin and Ethereum as assets, Bitmine's innovative immersion cooling technology, and the company's ambitious goal to position itself as a primary counterparty for institutional Ethereum transactions. The episode also highlights the risks involved and compares Bitmine's model to MicroStrategy's Bitcoin accumulation approach.00:00 Introduction to Corporate Treasury Strategies00:19 Bitmine's Bold Ethereum Strategy01:10 Tom Lee's Vision and Strategic Pivot01:43 Ethereum's Supercycle and Institutional Adoption03:14 Bitmine's Accumulation and Staking Strategy08:19 Liquidity and Market Position09:09 Valuation and Future Prospects13:37 Risks and Comparisons15:59 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Understanding Treasury Companies: The Strategy PlaybookIn this episode of Old Men New Money, Douglas Borthwick introduces module three of the educational series, focusing on treasury companies that use their corporate balance sheets to accumulate crypto assets, primarily Bitcoin. Borthwick explores the pioneering case of MicroStrategy, now called Strategy, which began converting its corporate treasury into Bitcoin in August 2020. The episode details Strategy’s financial engineering tactics, their Bitcoin yield metrics, and the associated risks. It also discusses the broader market implications, highlighting how over 70 public companies have adopted similar strategies. The episode concludes by emphasizing the critical role of Bitcoin’s price trajectory in the success of these treasury companies.00:00 Introduction to Module Three00:14 The Rise of Treasury Companies00:36 MicroStrategy's Bold Move01:16 Understanding the Strategy Playbook04:21 Financial Engineering and Bitcoin Yield09:32 Valuation and Market Dynamics17:42 Risks and Considerations22:53 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Demystifying Digital Wallets and Key ManagementIn this episode of Old Men New Money, Douglas Borthwick addresses the fears traditional investors have about digital securities, specifically focusing on private keys and digital wallets. He explains the importance of digital wallets, how custody works, and why security tokens offer safety advantages over pure cryptocurrencies. Douglas clarifies key concepts such as hot and cold wallets, seed phrases, and multisignature wallets, providing insights on the security and practicality of each option. He also discusses the regulatory landscape for digital asset custody, the role of custodians, and the future developments in the field. Key takeaways include understanding the critical nature of seed phrases, practicing wallet setup, and considering custodial versus non-custodial solutions.00:00 Introduction to Digital Securities00:51 Understanding Digital Wallets03:21 Hot Wallets vs Cold Wallets05:47 The Importance of Seed Phrases07:00 Custodial vs Non-Custodial Wallets09:31 Multisig Wallets for Institutional Custody10:25 Common Mistakes and Best Practices11:32 Popular Wallet Options12:45 Regulatory Perspective on Custody14:53 Future of Digital Custody16:04 Practical Steps for Secure Custody16:58 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Stablecoins: The Unsung Heroes of Digital FinanceIn this episode of 'Old Men New Money,' Douglas Borthwick delves into the significance of stablecoins—cryptocurrencies pegged to stable assets like the US dollar. With over $284 billion in circulation as of October 2025, stablecoins are revolutionizing financial transactions by providing instant, low-cost, 24/7 global transfers. Borthwick explains how stablecoins like USDT, USDC, PY Dollar, and DAI operate, their regulatory landscapes, and their crucial role in digital securities and decentralized finance (DeFi). He highlights the advantages of stablecoins over traditional banking methods, their growing adoption by major institutions like PayPal and Visa, and the potential risks and future of stablecoins in the financial ecosystem.00:00 Introduction to Stable Coins00:44 What Are Stable Coins?03:25 The Main Players in Stable Coins05:23 How Stable Coins Maintain Their Value06:56 Stable Coins in Digital Securities08:24 Regulation and Compliance09:47 Stable Coins in Decentralized Finance (DeFi)10:54 The Growing Adoption of Stable Coins13:36 Potential Risks and Challenges15:00 Central Bank Digital Currencies (CBDCs)16:03 Practical Steps and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Ethereum vs. Solana: The Future of Tokenized EquityIn this episode of 'Old Men New Money,' Douglas Borthwick discusses the major infrastructure decision in digital securities: Ethereum versus Solana. He highlights Galaxy Digital's choice to tokenize NASDAQ-listed shares on Solana, marking a significant shift from Ethereum due to Solana's high performance and lower costs. Borthwick argues that while Ethereum has institutional credibility and regulatory comfort, it falls short in terms of transaction speed and cost compared to Solana. He provides a detailed comparison of the two blockchains, emphasizing Solana's advantages for high-frequency trading and consumer-facing applications. Borthwick concludes that trends in developer migration and transaction volume favor Solana, marking it as the future leader in smart contract platforms. The episode also teases a future discussion on stablecoins.00:00 Introduction to the Debate: Ethereum vs. Solana00:12 Galaxy Digital's Groundbreaking Move00:58 Ethereum vs. Solana: A Performance Comparison02:26 The Regulatory Shift and Its Implications04:42 Ethereum's Struggles in High-Frequency Markets05:27 Why Solana is the Future for High Throughput Applications06:31 Developer Migration to Solana07:36 Solana's Real-World Usage and Efficiency09:48 The Layer Two Debate and Solana's Unified Approach10:40 Ethereum's Strengths and Limitations11:42 Solana's Security and Network Stability14:19 Future Predictions and Strategic Advice18:07 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Blockchain Basics: Understanding the Technology that Powers Digital SecuritiesIn this episode of Old Men New Money, Douglas Borthwick begins module two of the educational series on digital securities, focusing on blockchain technology. He explains what a blockchain is, its security features, and the differences between public and private blockchains. The episode covers the benefits of blockchain for finance, including instant settlement, fractional ownership, and programmable compliance. Borthwick emphasizes the importance of understanding the technology as major financial institutions implement blockchain strategies. He also discusses the economic models of various blockchains and highlights their adoption and risks. The concluding advice urges finance professionals to gain hands-on experience and follow thought leaders in the blockchain space.00:00 Introduction to Module Two: Blockchain Technology00:53 Understanding Blockchain Basics01:38 The Importance of Blockchain in Finance02:32 How Blockchain Settlement Works03:39 Detailed Explanation of Blockchain Mechanics06:16 Public vs. Private Blockchains07:47 Smart Contracts and Their Impact09:05 Blockchain's Advantages for Digital Securities10:46 Decentralization and Its Significance13:34 Performance and Scalability of Blockchains15:00 Consensus Mechanisms Explained16:11 Current Blockchain Adoption and Statistics17:15 Risks and Challenges of Blockchain18:22 Practical Steps to Engage with Blockchain19:31 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

The Critical Role of Infrastructure in Digital SecuritiesIn this episode of Old Men New Money, Douglas Borthwick discusses the often-overlooked but essential role of infrastructure in the digital securities market. He emphasizes the importance of alternative trading systems, transfer agents, and custodians in ensuring the smooth functioning of digital securities. Douglas draws from his experience at INX to explain how they built their own infrastructure to support digital assets, including the acquisition of Open Finance and Tokensoft's transfer agent. He explains the different custody models, the role of transfer agents in maintaining accurate records and compliance, and the challenges ATSs face in achieving liquidity. The episode concludes with an outlook for the future of digital securities infrastructure and practical advice for issuers and investors. This comprehensive discussion highlights the critical importance of robust infrastructure in the success and growth of the digital securities market.00:00 Introduction to Digital Securities Infrastructure00:10 The Importance of Infrastructure in Digital Securities00:44 Building the Necessary Infrastructure01:09 Critical Components of Digital Securities Infrastructure03:20 Custody Models and Providers07:08 Role of Transfer Agents10:41 Trading Venues and Market Liquidity15:39 Global Developments and Regulatory Landscape20:00 Future of Digital Securities Infrastructure21:15 Practical Advice for Issuers and Investors24:10 Conclusion and Future Modules Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

The Complete Guide to Security Token Offerings (STOs): Costs, Process, and PitfallsIn this episode of Old Men, New Money, Douglas Borthwick demystifies the intricate process of Security Token Offerings (STOs). He details the entire journey from planning to execution, highlighting key parties involved: issuers, securities lawyers, blockchain developers, transfer agents, broker dealers, and custody providers. The episode breaks down costs, timelines, and common pitfalls that companies face. Borthwick draws from his experience at INX, providing practical insights into legal documentation, smart contract creation, investor relations, and compliance. The episode serves as a comprehensive guide for companies considering STOs, underlining the importance of professional execution.00:00 Introduction to Security Token Offerings00:14 Understanding the STO Process02:02 Key Players in an STO04:44 Detailed Breakdown of the STO Timeline13:48 Common Mistakes and How to Avoid Them15:31 Successful STO Case Study: INX17:17 Practical Advice for STOs19:05 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Navigating the Regulatory Maze for Digital Securities: Reg D, Reg S, and Reg CF ExplainedIn this episode of 'Old Men New Money,' Douglas Borthwick delves into the complexities of regulatory frameworks surrounding digital securities. Focused on SEC's Reg D, Reg S, and Reg CF, Borthwick highlights the importance of understanding these regulations to avoid financial losses. He shares insights from his experience at INX, discussing the challenges and benefits of complying with these exemptions. The episode covers the specifics of each regulation, reporting requirements, resale restrictions, and common mistakes companies make. This foundational understanding is crucial for investors and founders to navigate the evolving landscape of digital securities successfully.00:00 Introduction to Regulatory Roadmap00:27 Importance of Understanding Regulations01:10 Overview of Regulatory Exemptions03:26 Deep Dive into Reg D05:52 Exploring Reg S07:09 Understanding Reg CF08:00 Full Registration Process09:09 Compliance and Common Mistakes12:00 Future of Digital Securities Regulations12:47 Practical Advice for Investors and Founders13:35 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Understanding Digital Securities: Distinguishing from CryptoIn this episode of Old Men New Money, Douglas Borthwick clarifies the crucial differences between digital securities and cryptocurrencies, dispelling common misconceptions. Drawing from his experience as Chief Business Officer at INX, Borthwick explains how digital securities represent actual securities like stocks and bonds on the blockchain, regulated by the SEC, unlike cryptocurrencies which are considered commodities. He discusses the advantages of digital securities, including instant settlement, 24/7 markets, and legal protections, citing examples from key industry players like BlackRock, Galaxy Digital, and INX. Borthwick also highlights the potential growth and challenges within the space, emphasizing the need for education and adaptation in the traditional finance sector.00:00 Introduction to Digital Securities00:42 Understanding Digital Securities vs. Cryptocurrencies02:52 Types of Blockchain Tokens04:20 The Howey Test and Security Tokens06:04 The Advantages of Digital Securities07:15 Real-World Examples and Success Stories09:16 The Future of Digital Securities09:55 Risks and Challenges in Digital Securities11:14 Traditional Finance vs. Blockchain13:04 Actionable Steps and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Episode Summary:Douglas Borthwick reveals why Galaxy Digital's decision to tokenize their NASDAQ-listed shares on Solana—not Ethereum—signals a seismic shift in blockchain adoption. This historic SEC-registered public equity tokenization exposes the trillion-dollar infrastructure mistake Wall Street is making by betting on brand recognition over performance.Key Insights:Solana processes 40x more transactions than Ethereum with 10,000x lower fees ($0.00025 vs $20-50)93.5 million daily transactions in Q3 2025 vs Ethereum's 1.6 millionSolana captured 81% of all blockchain DEX transactions and 43% of global DEX volumeFirst time since 2016 a blockchain attracted more developers than Ethereum (7,625 vs 6,456)Transaction finality dropping to 150 milliseconds with Alpenglow upgrade$271 million in Q2 2025 network revenue—leading all blockchains for 3 consecutive quartersDouglas Borthwick, who was part of the INX team behind the first SEC-registered security token offering, explains why traditional finance institutions like BlackRock, JPMorgan, and Franklin Templeton are backing the wrong blockchain for public markets.Episode Timestamps:00:00 - Introduction: Galaxy Digital's Groundbreaking Solana Tokenization01:01 - Why Wall Street Defaults to Ethereum (And Why That's Wrong)02:20 - Shocking Performance Data: Solana's 85x Transaction Advantage05:12 - The Performance Gap That Matters: Speed, Cost & Finality08:29 - Stablecoin Efficiency: Why Each Solana Dollar Works 8x Harder11:01 - Debunking the "Security vs Speed" Myth12:44 - The Coming Migration: What Happens in Next 24 Months16:46 - Final Takeaway: Why TradFi Needs to Wake Up NowTopics Covered: Blockchain comparison, Ethereum vs Solana, cryptocurrency adoption, DeFi, decentralized exchanges (DEX), stablecoins, tokenized securities, SEC regulations, institutional blockchain, Web3, public equity tokenization, transaction throughput, gas fees, developer migration, Alpenglow upgradeHost: Douglas Borthwick | Follow on X: @DCBorthwickLearn more at OldMenNewMoney.com Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Crypto Treasuries: Bitcoin, Ethereum, and Solana Strategic PlaysIn this episode of 'Old Men New Money,' Douglas Borthwick explores the emerging trend of corporations leveraging cryptocurrencies within their treasury models. Starting with MicroStrategy's pioneering move to convert its treasury into Bitcoin in 2020, the landscape now includes a variety of approaches: MicroStrategy (rebranded to Strategy) focusing on Bitcoin, Bit Mine on Ethereum, and Solve Strategies on Solana. Borthwick breaks down the operations, risks, yields, and strategic advantages of each model, highlighting their unique approaches to financing and revenue generation. Suitable for those looking to understand different corporate cryptocurrency treasury strategies and their potential impact on portfolios.00:00 Introduction to Crypto Treasury Companies01:36 MicroStrategy's Bitcoin Strategy04:35 Bit Mine's Ethereum Accumulation07:19 Solana Infrastructure with Saul's Strategies11:05 Comparing the Three Models14:35 Investment Risks and Considerations15:50 Choosing the Right Crypto Treasury Company16:46 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Solana: The Next Generation of Blockchain TechnologyThe podcast discusses the unprecedented evaporation of $19 billion in crypto positions on October 11, 2025, emphasizing Solana's resilience in handling high transaction volumes. Using an analogy of the 1800s railroad boom, the speaker compares Solana to pioneering railroads that succeeded due to their high traffic, low costs, and reliability. The script explains how Solana's blockchain works, the role of SOL as fuel, and how validators maintain the network while earning rewards. It also guides regular people on how to buy and stake SOL for passive income, highlights Solana's capacity for supporting decentralized apps, and addresses the risks of crypto volatility. Ultimately, the podcast underscores the significance of Solana's technology in the evolving blockchain landscape.00:00 Introduction: The $19 Billion Crypto Crash01:03 The Railroad Analogy: Understanding Solana02:13 How Blockchains Actually Work03:03 The Validators: Keeping Solana Running04:11 How Regular People Get Involved04:48 Staking Your SOL: Earning Passive Income05:47 What Actually Runs on Solana06:48 The Actual Numbers: Solana's Performance08:28 The Risks You Need to Know09:34 The Bigger Picture: Blockchain's Future10:39 Outro: Getting Started with Solana Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Digital Securities and Consumer Equity: The Revolution and RisksIn this episode, Phil Larmon, Ali Davoudi, and Douglas Borthwick discuss the implications of the new Genius Act and Clarity Act on the economy, specifically focusing on the rise of digital securities and consumer equity - What ouglas calls The Insumer Model. They delve into the potential for stablecoins and digital wallets becoming ubiquitous, transforming how consumers and investors interact. The conversation touches on issues of interoperability among digital security platforms, potential benefits for shareholders in consumer loyalty models, and the challenges and risks companies might face in implementing such systems. Concerns about privacy, liability, and the feasibility of peer-to-peer trading without intermediary platforms are debated, highlighting the complex landscape and the need for more thorough discussion and planning.00:00 Introduction and Episode Kickoff00:56 The Impact of the Genius Act and Clarity Act01:58 Understanding Digital Securities and Consumer Models02:26 Practical Applications and Benefits of Digital Securities05:01 Challenges and Considerations in Digital Securities05:29 Future of Payments and Loyalty Programs08:12 Equity Ownership and Consumer Privacy Concerns09:21 Debating the Viability of Tokenized Equity10:54 Potential Issues and Real-World Examples13:54 The Need for Thoughtful Implementation24:01 Conclusion and Final Thoughts26:30 Costco Gold Purchase Dilemma27:50 Crypto Arbitrage and Kimchi Premium28:46 Tokenization and Equity Concerns30:07 Universal Basic Income and COVID30:29 Naked Shorting and GameStop33:10 Digital Securities and NFTs45:27 Strategic Reserves and National Security47:58 Fiat Money and Economic Constructs48:14 Concluding Thoughts and Future Discussions Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

The Rise of Investment Crowdfunding with Yvan De MunckIn this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick interview Yvan De Munck, an expert in investment crowdfunding. Yvan shares his extensive experience in the crowdfunding space, tracing the evolution from early platforms like Lending Club to the current possibilities in investment crowdfunding. He discusses the benefits of using data analytics to predict successful crowdfunding investments and how platforms like CClear.ai can empower individual investors to act like VCs. Yvan also touches on how the industry is set to explode, driven by increased participation, the rise of tokenization, and the potential for investment crowdfunding to rival traditional VC models.00:00 Introduction and Social Media Promotion01:03 Interview with Yvan De Munck: Investment Crowdfunding Expert01:43 Yvan's Journey into Crowdfunding02:16 The Birth of Lending Club and Marketplace Lending04:16 Institutionalization of Crowdfunding07:07 The Rise of Online Lending09:23 Investment Crowdfunding vs. Venture Capital10:54 The Role of Data in Crowdfunding Success12:47 CClear.ai and the Future of Crowdfunding14:19 Competitive Benchmarking and Market Insights16:04 The Importance of Data in Crowdfunding18:47 Capital Pulse Ratings and Offering Insights25:50 Understanding Platform Incentives27:15 The Role of Community in Crowdfunding Success28:04 Examples of Successful Crowdfunding Exits29:23 Analyzing Crowdfunding Success Rates32:15 Marketing Strategies for Crowdfunding33:46 The Importance of Digital Marketing34:35 Investor Ratings and Metrics40:55 VC Involvement in Crowdfunding44:12 The Future of Tokenization and Liquidity47:23 Final Thoughts and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Revolutionizing Trucking Finance with Blockchain: A Conversation with Todd ZieglerIn this episode of Old Man, New Money, Ali Davoudi and Douglas Borthwick speak with Todd Ziegler, CEO of TCS Blockchain. Todd explains how TCS is transforming the trucking industry by addressing the high cost of capital, a major problem in the $2 trillion US supply chain. Utilizing blockchain technology, TCS offers faster and cheaper settlements for transportation companies by disintermediating traditional factoring companies. Todd shares his journey from the trucking industry to blockchain, detailing the benefits of their ERC 20 token on the INX platform, and how it significantly reduces costs for truckers. The episode delves into the complexities of factoring, the inefficiencies in current systems, and TCS's innovative solutions, including potential scaling into other industries.Learn More Here: https://www.tcsblockchain.com/00:00 Introduction to the Guest and TCS Blockchain00:59 Todd Ziegler's Background and Entry into Blockchain02:43 Challenges in the Trucking Industry04:27 Factoring in the Trucking Industry10:53 TCS Blockchain's Solution for Truckers19:10 How TCS Token Works21:44 Understanding Secondary Market Participation22:11 Regulatory Environment and Future Incentives24:15 Factoring Beyond Trucking24:38 Scaling and Industry Expansion25:48 Challenges and Opportunities in Factoring26:59 Acquisition Interest and Market Position28:15 Blockchain and Digital Assets in B2B Settlement29:28 Current Operations and Future Plans31:05 Funding and Capital Management39:21 Crowdfunding and Token Economics41:37 Conclusion and Contact Information Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

The Bitcoin Boom: Strategic Acquisitions and State-Level LegislationIn this episode of Old Men New Money, hosts Douglas Borthwick and Ali Davoudi discuss the latest trends and major moves in the Bitcoin and cryptocurrency markets. They delve into MicroStrategy's aggressive Bitcoin accumulation strategy led by Michael Saylor, the company's rebranding, and its growing influence. Other key topics include the involvement of major players like Meta Planet, 21 Co, and Cantors and Tether in the Bitcoin race. They also discuss mergers and acquisitions in the crypto space, highlighting Coinbase's $2.9 billion acquisition of Deribit and Jump Trading's investment in Securitize. Additionally, they address the state-level Bitcoin reserve legislation passed by New Hampshire and Arizona, and the potential of Texas joining in. The discussion extends to the Genius Act, its blockage in Congress, and Coinbase's alleged role in it. The episode concludes with a preview of upcoming guest Dennis Porter, who will share insights on state-level Bitcoin initiatives.00:00 Introduction and Subscriptions00:42 Episode Overview and Topics01:17 MicroStrategy and Bitcoin Strategy03:40 Bitcoin as a Store of Value07:00 MicroStrategy's Market Moves11:52 Financial Engineering and Bitcoin Lending15:08 Concerns with Traditional Finance18:27 US Bitcoin Reserve and Accumulation Strategies21:00 Government's Bitcoin Strategy21:54 US States Embrace Bitcoin22:50 Bitcoin's Scarcity and Value24:10 Bitcoin as a Store of Value25:11 Bitcoin vs Traditional Finance25:48 Understanding Bitcoin Investment32:25 Institutional Adoption of Crypto34:53 Regulatory Challenges and M&A News38:51 Conclusion and Upcoming Interviews Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Old Men, New Money: Bitcoin, AI, and the Future of Digital AssetsIn this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick delve into the rising influence of Michael Saylor and MicroStrategy's Bitcoin strategies. The discussion expands to potential government adoption of Bitcoin for strategic reserves and the economic implications. They also explore the impact of AI on job markets and corporate profits, as well as the transformative potential of blockchain for various sectors. Memecoins and digital securities receive brief mentions, reflecting ongoing trends and regulatory shifts in the digital asset landscape.00:00 Introduction and Announcements00:45 Michael Saylor and MicroStrategy's Bitcoin Strategy02:57 Government and Institutional Adoption of Bitcoin05:23 State-Level Bitcoin Initiatives06:28 Economic Factors Affecting Bitcoin Prices18:52 Meme Coins and Altcoins Discussion30:25 AI and Its Impact on Jobs and Investments34:37 Closing Remarks and Future OutlookSubscribe to our Weekly Newsletter on LinkedIn: Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe