Preston sits down with Jon Melton to explore his shift from Morgan Stanley to Bitcoin, insights on Silvergate Bank’s crypto strategy, and the future of Bitcoin-backed finance.

They delve into lending models, the impact of regulation, and how Jon sees banks engaging with digital assets going forward.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:31 - How Jon transitioned from Morgan Stanley to the Bitcoin world.

06:32 - The impact of Wences Casares on Jon’s Bitcoin conviction.

08:43 - What made Zappo a pioneer in Bitcoin custody.

09:42 - Silvergate Bank’s unique approach to cryptocurrency banking.

14:50 - Reasons behind Silvergate’s decision to wind down operations.

20:09 - The importance of over-collateralization in Bitcoin lending.

23:10 - Why Unchained avoids rehypothecation in its lending model.

27:25 - How Bitcoin loans might integrate with real estate in the future.

33:38 - The Federal Reserve vs. Treasury Department on stablecoin policy.

37:49 - Why Jon remains bullish on Bitcoin and its role in future finance.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• 
  

  Website: Unchained Capital.

  
  


• 
  

  Related Article: Revisiting Unchained’s Core Lending Principles by Jon Melton.

  
  


• 
  

  Related article: Core Lending Principles.

  
  


• 
  

  Related article: The Plot to Destroy Silvergate by Nic Carter.

  
  


• 
  

  Related Video: Banking, Crypto, and an Upcoming Regulatory Overhaul with Caitlin Long and John Maxfield.

  
  


• 
  

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