Venture capitalist Eric Yakes joins us to talk about Bitcoin’s path from digital gold to banking system integration. Gwart grills Eric on his 130-page report on Bitcoin banking, stablecoin dynamics as Trojan horses for Bitcoin adoption, and why he believes we’re heading toward a hybrid financial system.
NOTES:
• Bitcoin lending market could 4x from 50 to 200 basis points
• Trading volumes may increase 17x in next 5 years
• Tether holds about 5% of reserves in Bitcoin
• Bitcoin could reach $100 trillion market cap
• SAB 121 repeal opens banks to crypto custody
• 32,000 pounds lost in Scottish free banking century
The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.
If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.
