It gives me great joy that I was recently invited by @preston to his podcast. Together with @Max Kei, we talked about: -Why peer-to-peer lending is so important in the Bitcoin context -How Swiss banks like are so advanced when it comes to Bitcoin -Why, stablecoins will most definitely be adopted by traditional banks - And how banks should be thinking about tokenizing all sorts of assets. As someone who has been in the Bitcoin space for about 8 years 🕰️ and knows how real Bitcoiners truly think, I want to take this knowledge and contribute to the bank’s understanding of Bitcoin and Bitcoiners! 💡🏦 Here's our talk: #Bitcoin #tokenization #digitalassets #peertopeer #lending #bitcoinbanks

Hello world! 🌍 The Cantonal Bank of Zurich is now offering its clients the option to invest in Bitcoin and Ethereum. 🚀 This marks yet another major step forward for the Swiss banking industry. Earlier this year, the third-largest bank, Post Finance, also introduced its own crypto offering. It seems like only a matter of time before the two largest banks (looking at you, UBS 👀) will need to follow suit! When it comes to Bitcoin and digital assets, Swiss banks are far ahead of their US counterparts. 🇨🇭 In the US, regulatory hurdles still prevent banks from fully engaging with Bitcoin. Offering custody for digital assets like Bitcoin involves significant costs due to the capital backing required (thanks to Basel III regulations 💰). However, in Switzerland, thanks to changes in Swiss law and banking regulations, banks can separate digital assets from their balance sheets. This allows them to offer true custody accounts, ensuring that assets belong to the client. By law, these assets are fully segregated from the bank's estate during bankruptcy and are returned to the client. 🔐✅ At Archip Maerki Baumann, this is why we're able to offer a segregated wallet for each of our clients holding Bitcoin with us. As I understand it, something similar is possible in Wyoming 🇺🇸, thanks to the efforts of @Caitlin Long and others, but it's still rare in most of the United States. #Bitcoin #Crypto #DigitalAssets #SwissBanking #FinancialInnovation

Treasury bill, or short-term US debt paper, has historically ranged between 15% and 20%. In recent months, this percentage of T-bill of total US debt has broken above 20% and it might well be on it‘s way to 25% (or even higher). As institutions like pension funds are starved from getting long-dates securities, other have been buying the short end. Who? Banks, credit providers as well as the infamous US stablecoiner provider Tether. Why is this significant? This is covet yield curve control or yield supression because it supresses the long-end of the curve. As a matter of fact, the yield of long-dated treasuries should actually be higher, about 100 basis points by conservative estimates. The question we need to ask is how will the US get investors back into long-dated treasuries? -Bring down short-term policy rates (significantly) to make long-end debt more attractive. -Push for a recession to create save haven demand for long-term treasuries (beat steepener). Rather improbable, no? -Go new ways. For example, as @preston has explained, what if the US Treasuries were to back long-dated bonds with a Bitcoin component. Could this be enticing enough for regular investors to buy into long-end Treasuries?

About to go live with @preston and @Max Kei to talk about Bitcoin, pristine collateral, peer-to-perr lending, pitching Bitcoin to boomers and more. Super Stoked!😎🏋️

Am I the first #banker to have joined #nostr? If so, don‘t worry. I come in peace. And for tumhe record: I do understand Bitcoin, I do hold my own keys, I do run my own node! And there will be more of us #Bitcoin #BitcoinBanking

I had an amazing time in Riga at #BH2024! Huge thanks to @Max Kei and the team for giving me the opportunity to present on how we’re pitching Bitcoin to boomers at Maerki Baumann. There's still a long way to go, but Bitcoin’s favorablr risk/return ratio will do the trick, and more money managers will start adding #BTC to their clients' portfolios. A 10% performance boost with just a 2% allocation to BTC will be hard to ignore! A special shoutout to @preston for the insightful conversations about how traditional banks that embrace Bitcoin will ultimately lead the pack. Again, there’s still plenty of work to do—like educating them on how Bitcoiners actually think (low-time preference, full custodial transparency, etc.) and showing that peer-to-peer lending is the future, instead of adding unnecessary risks by tranching collateral.