The Daily Stack

This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.comTaking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystackListen and follow The Daily Stack:Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDsApple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653Website: https://dailystackhq.comX: https://x.com/dailystackHQNot financial advice.

Grain of Salt joins Treasury Talks with host Jody Flournoy and co-host Halston Valencia for a masterclass on amplification, the math behind how bitcoin treasury companies turn a bitcoin move into a bigger move for common shareholders. Grain walks through his amplification explainer, Strategy's aggregate cost of capital versus Strive's, SATA's dividend, Matt Cole's 1% allocator mandate and room for a third digital credit issuer. They also cover whether Metaplanet can become Japan's largest company, share count math for $ASST, Nakamoto and Metaplanet versus $MSTR, how Grain positions in Strive options, and why execution is what Saylor copycats missed.This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.comTaking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystackChapters:0:00 Cold open0:32 Welcome: Treasury Talks with Grain of Salt on Amplification2:02 Why Grain Built an Amplification Explainer4:02 Bitcoin Up 30%, Common Up 34%: How Amplification Really Works8:44 The House Analogy: a 10% Gain Becomes a 50% Return11:24 Strategy's 2.24% Aggregate Cost of Capital14:01 Strive's True Cost of Capital vs SATA's 13% Dividend15:47 Matt Cole's 1% Mandate and the Dual-Vendor Strategy20:14 Is There Room for a Third Digital Credit Issuer?26:41 Reverse-Engineering Matt Cole's Table: Convexity Curves29:11 2008 No-Money-Down Loans vs Strive's 50% Amplification31:41 Can Metaplanet Become Japan's Largest Company?39:39 Share Count Math: Metaplanet 63x Strategy, ASST 7x48:08 Positioning in Strive Options: Delta Ramp and Full Gamma57:00 Execution Is the Hard Part: What Saylor Copycats MissedKey takeaways:- Grain of Salt's house analogy: put $200,000 down on a $1,000,000 house, and if the house rises 10%, the $100,000 gain is a 50% return on the cash you put in. That is amplification.- In Grain's worked example, bitcoin rises 30%, the preferred holders take their 13% on their $2 claim (26 cents), and the common keeps $2.74 on $8, a gain of about 34%.- Grain puts Strategy's aggregate cost of capital at 2.24%, so bitcoin has to rise about 2.24% a year to cover it.- On share count versus Strategy, Grain said $ASST is about 7 times after its 24 for 1 split, Nakamoto about 8 times, and Metaplanet 63 times.Listen and follow The Daily Stack:Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDsApple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653Website: https://dailystackhq.comX: https://x.com/dailystackHQNot financial advice.

Pamela Posada conversa con Steph Serrano, fundadora de Escuela Bitcoin México y parte de Unlock, sobre por qué ahorrar en pesos te empobrece. Hablan de cómo México ha perdido el valor del peso, cómo explicarle Bitcoin a alguien que nunca lo ha usado, cómo nació Escuela Bitcoin México y los eventos de Unlock para mujeres en Zacatlán, en la Sierra Norte de Puebla. También comparan el ahorro en efectivo, en el banco o en Bitcoin cuando sube la inflación, y qué hacer y qué evitar en tu primer mes en Bitcoin.Este podcast es presentado por Scanley, visibilidad en IA para bancos y cooperativas de crédito. Obtén tu primer mes gratis con el código DAILYSTACK en https://meetscanley.com¿Vas a sacar un préstamo con BTC? Nuestros amigos de Ledn te ofrecen .25% de descuento sobre sus tasas más bajas con nuestro enlace: https://www.ledn.io/partner/dailystackCapítulos:0:00 Adelanto: lo mejor del episodio0:35 Intro: ¿por qué tu dinero en pesos te empobrece?2:56 Steph Serrano: quién era antes de Bitcoin8:36 Cómo México ha perdido el valor del peso11:40 Cómo explicarle Bitcoin a alguien que nunca lo ha usado14:19 ¿Bitcoin protege contra la pérdida de valor del peso?16:51 Cómo nació Escuela Bitcoin México20:59 Unlock y las mujeres en Bitcoin23:34 Zacatlán: llevar Bitcoin a la Sierra Norte de Puebla27:59 Estrategias para la autonomía financiera de las mujeres30:57 El miedo a perderlo todo33:57 Bitcoin en El Salvador: cobrar como freelancer35:45 Efectivo, banco o Bitcoin cuando sube la inflación39:33 Tu primer mes en Bitcoin: qué hacer y qué evitar43:42 Dónde seguir a Steph y Escuela Bitcoin México46:20 Cierre47:00 Patrocinador: LednPuntos clave:- Más que la volatilidad de Bitcoin, lo que debería preocupar es el poder adquisitivo que el peso y las demás monedas latinoamericanas pierden con el tiempo.- Su forma de explicar Bitcoin es desde la experiencia: le descargó una wallet a una amiga que le hizo el cabello y le pagó en Bitcoin.- Con Unlock llevan tecnología y educación financiera a mujeres de Zacatlán de las Manzanas, un pueblo mágico de la Sierra Norte de Puebla.- Pamela cuenta que aprendió Bitcoin en El Salvador para cobrar como freelancer, porque PayPal no era una opción práctica para los salvadoreños.- Para el primer mes, Steph dice que lo primero es el compromiso de querer cambiar tu situación: los materiales sirven solo si los abres.Escucha y sigue The Daily Stack:Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDsApple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653Sitio web: https://dailystackhq.comX: https://x.com/dailystackHQEsto no es asesoría financiera.

Avi Mash hosts Iovance ($IOVA) investor Minnesota Gopher and trader Father of Trades to discuss Iovance's IL-12 tethered TIL program, Amtagvi data in melanoma, non small cell lung cancer, endometrial cancer and sarcoma, FDA CNPV vouchers, a possible Merck buyout, and short selling in biotech. Father of Trades reviews the $IOVA chart and options chain and compares it to $SLS. Minnesota Gopher expects 18 to 22 by year end, and over 30 if a voucher basket is accepted.This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.comTaking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystackChapters:0:00 Intro music4:43 Minnesota Gopher on $IOVA and biotech short selling15:37 IL-12 tethered TIL: holy grail of cancer therapy22:19 Amtagvi frontline push and Keytruda style expansion24:54 Biotech lagging the market and AI in medicine29:06 FDA timelines, China drugs and CNPV vouchers36:08 Iovance buyout, Merck and global distribution44:04 Lung, melanoma, endometrial and sarcoma TIL data56:23 $IOVA chart, volume profile and key levels1:04:10 $IOVA options chain, open interest and gamma ramp1:14:45 $IOVA price targets and the $SLS comparison1:24:21 Father of Trades on BlackBerry QNX and holding winnersKey takeaways:- Minnesota Gopher calls Iovance's IL-12 tethered TIL a potential holy grail because, in his view, it could turn cold tumors hot and make them treatable.- Minnesota Gopher cited company figures: a 64.3% response rate in EGFR non small cell lung cancer with Keytruda and a 65.2% response rate in frontline melanoma with Keytruda.- Minnesota Gopher believes Iovance's new FDA and regulatory hires point to a basket submission for CNPV vouchers in non small cell lung cancer, endometrial cancer and sarcoma, and he named Merck as the likeliest acquirer.- Father of Trades read the options chain as pinning $IOVA near $14 in the short term and said a move above $20 could set up a gamma squeeze, as he saw in $SLS.- Father of Trades said scalping profits should be parked in high conviction companies and gains should be protected by taking back cost basis on 10x or 15x winners.Listen and follow The Daily Stack:Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDsApple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653Website: https://dailystackhq.comX: https://x.com/dailystackHQNot financial advice.

Jody Flournoy hosts Bitcoin and macro analyst Joe Consorti on The Daily Stack to discuss the $BTC price near $85K, BlackRock $IBIT inflows, Strait of Hormuz oil exports, FOMC rate hike odds, the 10-year Treasury yield at 5.3%, and Strategy $MSTR, Strive $ASST and $STRC. Consorti argues the bear market is over. He points to falling open interest, a rally of roughly 50% from the $58K low, and Bitcoin rising despite the Treasury market selloff.This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.comTaking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystackChapters:0:00 Preview: Is the Bitcoin Bear Market Over?0:33 Joe Consorti Joins: $BTC Near $85K, Path to $100K2:20 Iran War, Strait of Hormuz and Saudi Oil Exports5:07 BlackRock $IBIT Inflows and the Four Year Cycle7:19 FOMC Rate Hike Odds and Weak US Payrolls10:01 AI Layoffs, Data Centers and Blue Collar Jobs13:45 Bitcoin Open Interest, Leverage and Liquidations18:36 Bull Market Definition: $BTC From $58K to $85K21:57 10 Year Treasury at 5.3% and Bitcoin Rising33:02 Bond Market Leads the Fed, Michael Burry Doomerism39:42 Strategy $MSTR, Strive $ASST, $STRC Treasury Risk46:16 Wrap Up and Ledn Sponsor MessageKey takeaways:- Joe Consorti said Bitcoin open interest is about 256,000 BTC, the same level as when price was $77K, which he called a very healthy market structure.- Consorti said Bitcoin rose from $58K to $85K while the 10-year Treasury yield climbed from about 4.2% to 5.3%, which he sees as the market pricing in future monetary easing.- Consorti said Saudi Arabia's oil exports are back to about 6.1 million barrels per day, near pre-war levels, even though Iran reports zero exports.- Consorti said FOMC rate hike odds fell to about 20 to 25% after cool inflation and labor reports. Jody Flournoy noted payrolls came in at 29,000 versus about 90,000 expected.- Jody Flournoy cited the Matt Cole and Robin Seyr discussion: Strategy holds no encumbered Bitcoin and about 18 months of dividend reserves. Consorti said $STRC is almost back at par.Listen and follow The Daily Stack:Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDsApple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653Website: https://dailystackhq.comX: https://x.com/dailystackHQNot financial advice.