Jumped this one to the top of my que. I was not disappointed. My favorite part was when @HODL called pumpkin pie communist! @Joe Carlasare we're going to hodl you to that new years resolution!

Great convo🤙🏼…and pumpkin pie is super gross

It’s soooooo fucking gross bro 🤮

Great listen.! Would enjoy having a beer with you boys.

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Literally cant wait to listen to this

Great episode!

Love it!

Glad to have you back Dr. Jeff…Can’t wait to listen

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Fantastic chat as always. I’ll be listening closely to when you think the market turns as I feel your calls have been spot on.

This was a great discussion. Thanks gents.

lol, “I’ll eat a whole pumpkin pie”. Super entertaining and informative episode gents.

What a great idea! Will sit down and look forward to the insights!

*A WHOLE pumpkin pie 🥴. Hopefully not Costco size

Love these as well. Enjoyed listening. Thanks much!

Quick explanation of risk-based capital rules (BASEL): 1. A bank must maintain an 8% risk-based capital ratio in order to be considered Well Capitalized under BASEL. 2. Assets on the bank’s balance sheet (Cash, Investments, Loans, etc.) are assigned to different “risk categories” based on the risk as defined by regulation. For example, Commercial Loans are assigned to the 100% risk category. Thus, a bank must carry 8% capital against its Commercial Loans in order to be considered Well Capitalized ($8 of Capital for every $100 in Commercial Loans). 3. Cash and U.S. Treasuries are assigned to the 0% risk category, so no capital is required against these “risk-free” assets on a “risk-based” basis, although capital is required to meet minimum “Leverage Ratio” requirements (not the subject of this explainer). 4. If a bank had $100 million in Total Assets, and ALL of its assets were Commercial Loans (i.e. no Cash, bitcoin or other assets), ALL assets would be in the 100% risk category so the bank would be required to hold 100% of the 8% risk-based capital requirement, or $8 million in Capital against its $100 million in Commercial Loans in order to be considered Well Capitalized. 5. Bitcoin has been assigned a 1,250% risk-based capital requirement 🤯 6. If ALL of a bank’s assets were bitcoin (i.e. no Cash, Loans or other assets), ALL assets would be in the 1,250% risk category so the bank would be required to hold 1,250% of the 8% risk-based capital requirement, or $100 million in Capital against its $100 million in bitcoin to be considered Well Capitalized. 7. This is how you arrive mathematically at the “dollar-for-dollar” risk-based capital requirement for bitcoin holdings on a bank’s balance sheet under BASEL.

I enjoyed it!