Bitcoin Bottom Line

Hosts C.J. Wilson and Steven McClurg kick off this episode with a fun new intro and some birthday wishes. McClurg shares his excitement about taproot, “Taproot is the biggest upgrade to the system in the last twelve years”. Wilson’s birthday wish is for a point of sale and figuring out a way to use it as a method for onboarding more people at his car dealership, saving the percentage fees that come out of paying with USD. The hosts talk about Bitcoin related ETFs, and how they differ from cryptocurrency trusts. McClurg, CIO of Valkyrie Investments, shares the behind-the-scenes of the single asset trusts as well as how a Bitcoin Futures ETF has been able to come to market. According to McClurg, “The CME and Bitcoin futures are regulated by the CFTC, which gives the SEC comfort.” Wilson shares that “The SEC has approved bitcoin related instruments, regardless of if they are futures based or spot based, and that’s really interesting. You can even get them through your broker”, and poses the question, “Is this the indicator for us seeing a flood of interest?” McClurg and Wilson migrate to a conversation about bonds, where McClurg shares that “If you’re holding high yield (junk) bonds, you’re losing money because of inflation… with zero upside”. He shares that not only has Bitcoin flipped Silver, but also the Swiss Franc. This shows that it is “coming off of being a speculative instrument, and it’s moved to be less of a risk asset and more of an inflation hedge and a transactional instrument.” “When El Salvador made the announcement that they were to declare Bitcoin as their national currency in the spring of 2021, the amount of profound announcements that have come out since then in the sports industry, music industry, and politics is huge”, Wilson states. Wilson rides the wave of excitement, sharing that there are so many cool things that we haven’t seen yet. Bitcoin might be at the “iPhone” stage, but not yet at the “App Store” stage. “I feel more bullish than ever now that these things keep happening.” The two hosts discuss how they pay their kids allowance in bitcoin, pay people back for lunch in bitcoin, and how they will buy art exclusively in bitcoin. In his closing remarks, McClurg advises, “Don’t hold all your Bitcoin all in one place. Ledgers break. Exchanges get hacked. Things happen. You should really spread it out.”

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Steven McClurg: https://twitter.com/stevenmcclurg

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DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid, and there is a risk of total loss of your investment. Past performance is not indicative of future results.

In this informational episode, BBL host and Valkyrie CIO Steven McClurg invites Nasdaq’s Head of ETPs Giang Bui to discuss ETFs and more. The two kick it off with a discussion about the process of getting an ETF up and launched. This process, lasting anywhere from 30 to 240 days, must go through several checkpoints set up by Nasdaq and the SEC to ensure all requirements are met for approval. Bui explains that if a product listing doesn’t meet Nasdaq’s generic listing standards, they must file a 19b4 with the SEC to seek their approval. “Issuers choose Nasdaq because our brands align so well with them in terms of innovation and driving to the market for the future. We support them from a regulatory standpoint, when a product is traded and listed from a capital market standpoint, as well as marketing and distribution”, Bui shares. “It was great to see one of the first Bitcoin related ETFs come to market the other week, and we are excited to be able to support Valkyrie as a first mover.” McClurg shares his past experience fighting for actively managed ETFs and having affiliated indexes. The frustrating process hurt the mutual fund industry and pushed a lot of mutual fund issuers into ETFs. They go on to discuss leveraged and inverse products, how Bui came to Nasdaq from the New York Stock Exchange, and if she thinks a Bitcoin Spot ETF will come to market in the next year. We want to be a bigger supporter for issuers and help navigate the regulatory framework for new and innovative products like things that Valkyrie is working on to come to market. They close out the episode talking about NFTs, musicians, comedy, Bitcoin 22, and some of the cool things Nasdaq has done in the past few months

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This week on Bitcoin Bottom Line, co-hosts “Bitcoin Ambassador” C.J. Wilson and “Chart Master” Steven McClurg discuss the exciting, active times in the Bitcoin space. Wilson shares a behind-the-curtain peek into his recent meetings with Senator Ted Cruz and other key political figures about Bitcoin legislation. Wilson shares, “There are a lot of things that are happening between the Texas Blockchain Association and the values of independence found in Texan Bitcoiners.” In his meeting with Senator Cruz’s office, Wilson heard about their efforts to push bitcoin as a currency to be used during small cash transactions, which parallels the original impetus for bitcoin to be used in everyday expenses. They have ideas to implement this through a program on vending machines called “Accept”. “As more people are dollar-cost-averaging into bitcoin, it proves to be a better and better asset for everybody involved”, Wilson shares. Steven McClurg shares his tendencies to HODL bitcoin, while also seeking out ways to spend it in order to promote the ecosystem. He goes on to say that “bitcoin is useful if people are actually using it for transactions”, drawing the idea from the Satoshi Whitepaper, entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. Wilson continues to share his experience in DC, expressing his predictions that states are going to start taking advantage of building their own legislation to become a “Pro-Bitcoin state”. Bringing it back to a few years ago, McClurg explains how “Wyoming was square one for states creating their own legislation and building an ecosystem, and Senator Lomis was at the forefront of that all along.” “We have about 6 or 7 critical years of these election cycles to make sure we don’t have an uneducated senator or committee making rules that hamper American prosperity”, Wilson states. In the midst of lacking financial literacy education, Wilson also expresses that “Bitcoin is an anti-default technology since it’s such a good form of capital, and one can sell if they need to, generally for more than they bought it for if they’ve held on to it for long enough. This could bail someone out of a fiscal problem.”

Follow BBL on social media:

Twitter: https://twitter.com/bitcoin_pod

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https://www.instagram.com/bitcoinbottomline/

Follow our hosts:

Steven McClurg: https://twitter.com/stevenmcclurg

C.J. Wilson: https://twitter.com/str8edgeracer

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid, and there is a risk of total loss of your investment. Past performance is not indicative of future results.

The tenth episode of Bitcoin Bottom Line consists of a fireside chat between host C.J. Wilson and Bitcoiner and podcaster Dennis Porter. They discuss Dennis' Bitcoin journey, his involvement in politics, educating no-coiners about Bitcoin, and much more. 

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Follow our hosts and guest:

Steven McClurg: https://twitter.com/stevenmcclurg

C.J. Wilson: https://twitter.com/str8edgeracer

Jimmy Song: https://twitter.com/jimmysong

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid, and there is a risk of total loss of your investment. Past performance is not indicative of future results. 

Author, clubhouse host, and Bitcoiner Jimmy Song joins hosts Steven McClurg and C.J. Wilson in episode 09 of Bitcoin Bottom Line to discuss religion and the production of his book, Thank God for Bitcoin.

Follow BBL on social media:

Twitter: https://twitter.com/bitcoin_pod

Youtube:https://www.youtube.com/channel/UCsXrv5Y360OaarCiUA5xSAA

Instagram: https://www.instagram.com/bitcoinbottomline/

Follow our hosts and guest:

Steven McClurg: https://twitter.com/stevenmcclurg

C.J. Wilson: https://twitter.com/str8edgeracer

Jimmy Song: https://twitter.com/jimmysong

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid, and there is a risk of total loss of your investment. Past performance is not indicative of future results. 

In episode 08 of Bitcoin Bottom Line, hosts Steven McClurg and C.J. Wilson invite former Tennessee Titan and philanthropist Derrick Morgan to discuss impact investing. Aligning his capital with his values, Morgan makes investing with impact a priority not only in his financial portfolio, but his everyday life as well. Enjoy their discussion!

Follow BBL on social media:

Twitter: https://twitter.com/bitcoin_pod

Youtube: https://www.youtube.com/channel/UCsXrv5Y360OaarCiUA5xSAA

Instagram: https://www.instagram.com/bitcoinbottomline/

Follow our hosts:

Steven McClurg: https://twitter.com/stevenmcclurg

C.J. Wilson: https://twitter.com/str8edgeracer

Derrick Morgan: https://twitter.com/dmorg91

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

Episode 07 of Bitcoin Bottom Line covers one of crypto’s current hot topics- NFTs. Hosts Steven McClurg and C.J. Wilson bring on Malibu artist and Marketing Associate at Valkyrie Annie Little to offer her perspective on the value of art.

Follow us on social media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram: @bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson: @str8edgeracer Annie Little: annielittleco.com

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

In this episode of the Bitcoin Bottom Line, hosts Steven McClurg and C.J. Wilson discuss how to alter your portfolio allocation based on inflation, what the infrastructure bill means for bitcoin, and how legislative involvement plays a part in the bitcoin space.

Follow us on social media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram: @bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson: @str8edgeracer

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

Steven and CJ are joined by Kristy-Leigh Minehan, one of the world's experts in mining. In this episode, they discus the changing bitcoin prices and challenges miners are currently tackling around the world.

Follow us on social media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram: @bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson: @str8edgeracer

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Kristy-Leigh Minehan: @OhGodAGirl

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.

Steven and C.J. are joined by Justine Harper from Unchained Capital, discussing all things from farm animals to gold and finding common ground at the Bitcoin conference.

Follow us on social media: Twitter: @bitcoin_pod Youtube: Bitcoin Bottom Line Instagram: @bitcoinbottomline Follow our hosts: Steven McClurg: @stevenmcclurg C.J. Wilson: @str8edgeracer

Follow our guest:

Justine Harper: @MsHodl

DISCLOSURE: The opinions presented herein are solely of the individual and not necessarily representative of Valkyrie Investments Inc. and their affiliates. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss of your investment. Past performance is not indicative of future results.