What if bitcoin replaced the foundation of global money? In this episode, Fred Krueger explains what a $10 million bitcoin world could look like, why traditional assets may underperform under a hard-money system, and how AI and automation could reshape society in the process. We examine the timeline for bitcoin’s full monetization, how deflation can drive innovation instead of destruction, and why the 60/40 portfolio no longer works. Fred shares his framework for applying the Kelly criteria, the importance of ETFs in accelerating adoption, and how this transition could spark the greatest wealth transfer in history.

Timestamps:

00:00 – Intro and welcome to The Mustard Seed Podcast

00:37 – What a $10 million bitcoin world could look like

02:10 – Why bitcoin and the dollar will likely coexist

06:54 – Why real estate and stocks could underperform in the bitcoin era

09:02 – Why markets haven’t front-run $10 million bitcoin yet

16:59 – Can a deflationary money like bitcoin support growth?

20:42 – Life and credit in a hard-money system

26:56 – Can we reach $10 million bitcoin without a crisis?

33:01 – AI and automation meet bitcoin: a new society emerges

37:24 – Why the 60/40 portfolio is broken in the bitcoin era

42:39 – How yield fits in retirement portfolios

44:39 – Allocating 70–75% to bitcoin: Fred’s case for the Kelly criteria

45:20 – Will bitcoin wealth concentrate or distribute over time?

48:33 – The ETF wave and the next class of bitcoin investors

53:29 – Would Fred Krueger ever sell bitcoin to buy stocks?

58:01 – The 70/30 portfolio: bitcoin plus passion projects

01:03:00 – How bitcoin and AI together will create mass abundance

01:08:47 – Why Fred’s book passed Ray Dalio on Amazon