Ad-Free Episode

Audio

Introduction: Housing expert Leon joins the show

Personal Story: Moving and renting due to high housing prices

Price Equilibrium: Demand and Supply in Real Estate

Interest Rates and Real Estate Prices

Housing Market Dynamics: A Bitcoin Perspective

Bitcoin vs. Real Estate: Investment Comparison

Trump, Powell, and Interest Rate Policies

Confluence of Events: Real Estate, Interest Rates, AI, and Bitcoin

Opportunity Cost: Real Estate vs. Bitcoin

Real Estate Industry's Shifting Perspective on Bitcoin

Unique Structures: Real Estate Developers and Bitcoin Exposure

Actionable Advice: Dipping Toes into Bitcoin for Real Estate

Tax-Free Benefits: Investing in Bitcoin in Germany

Cash Flow Management: Real Estate and Bitcoin Investments

Importance of Incentive Alignment and Patience in Bitcoin Investments

Navigating FOMO: Advice for Bitcoin Investments

Staying Humble: Accumulation Strategies and Business Accumulation

Bitcoin in Self-Custody vs Publicly Listed Companies

Opportunity Cost and Market Options for Bitcoin Exposure

Strategic Bitcoin Reserve and Investor Considerations

Understanding Bitcoin and its Monetary Reset

Fixed Income and Bitcoin: The New Hurdle Rate

Fixed Income Products Based on Bitcoin: Stride, Strike, and Strife

Strike and Real Estate: A Better Deal?

Questions and Comments on Strategy Products

Cash Flow in Strive, Strike, and Strider: Understanding the Risks

Cash Flow and Monetary Inflation

Issuance of Equity: A Strategy for Distributions and Payouts

Bitcoin Treasury Companies: Business Line, Strategy, and Credit Rating

Zombie Companies and Bitcoin Treasury Models

Understanding the risks

Preferred Stock Offerings and the Role of Payouts

Tether, Bitfinex, and SoftBank

Economic Power and Bitcoin Adoption

Real Estate Developers

Incorporating Bitcoin and Capital Raising

Refinancing Properties: Allocating Money to Bitcoin

Bitcoin Treasury from the Beginning: Freedom and Construction

Private Companies: The Impact of Bitcoin on Company Finances

Allocating Bitcoin, Company Revenue Profile, & Managing Treasury

Market's Overal Best Path Forward

Smooth Transition and the Dual Collateralization of Bitcoin Real Estate

The Importance of Bitcoin and Its Inclusion as a Hard Asset

Bitcoin, Medium of Exchange, & a Store of Value

A Smooth Transition: Dual Collateralized Credit Structure

Restructuring the Economy

The Future of Bitcoin

Washing Out Leverage and Building Resilience in Bitcoin

The Cycle of Bitcoin: Maturing Asset and Volatility

Expect Bitcoin to go on drawdown at the end of bull cycle

There will be a correction at some point. Not a complete crash.

Structured Credit and Bond Products in Bitcoin: Affect on Volatility and Market Comfort

Bitcoin & Capital Structure

Wall Street Degeneracy in Bitcoin

Take the redpill: Markets Do Not Care About your Feelings

Measuring wealth with Bitcoin

Writing the "Digital Real Estate" book by Bitcoin Magazine

Book Chapter Summary

Conclusion

Marty sits down with Leon Wankum to discuss the current housing market correction, how Bitcoin is outcompeting real estate as a store of value, and practical strategies for real estate developers to incorporate Bitcoin into their investment portfolios while navigating MSTR's new Strike and Stride products.
Leon Wankum on Twitter: <a href="https://x.com/leonwankum">https://x.com/leonwankum</a>
Leon’s Website: <a href="https://leonwankum.com/">https://leonwankum.com/</a>
STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a>
Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a>
TFTC Elite (Ad-free &amp; Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a>
Discord: <a href="https://discord.gg/VJ2dABShBz">https://discord.gg/VJ2dABShBz</a>
Shoutout to our sponsors:
Coinkite
<a href="https://coinkite.com">https://coinkite.com</a>
Unchained
<a href="https://unchained.com/tftc/">https://unchained.com/tftc/</a>
Join the TFTC Movement:
Main YT Channel
<a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a>
Clips YT Channel
<a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a>
Website
<a href="https://tftc.io/">https://tftc.io/</a>
Newsletter
<a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a>
Twitter
<a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a>
Instagram
<a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a>
Nostr
<a href="https://primal.net/tftc">https://primal.net/tftc</a>
Follow Marty Bent:
Twitter
<a href="https://twitter.com/martybent">https://twitter.com/martybent</a>
Nostr
<a href="https://primal.net/martybent">https://primal.net/martybent</a>
Newsletter
<a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a>
Podcast
<a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a>
STACK SATS hat: <a href="https://tftcmerch.io/">https://tftcmerch.io/</a>
Our newsletter: <a href="https://www.tftc.io/bitcoin-brief/">https://www.tftc.io/bitcoin-brief/</a>
TFTC Elite (Ad-free &amp; Discord): <a href="https://www.tftc.io/#/portal/signup/">https://www.tftc.io/#/portal/signup/</a>
Discord: <a href="https://discord.gg/VJ2dABShBz">https://discord.gg/VJ2dABShBz</a>
Shoutout to our sponsors:
Coinkite
<a href="https://coinkite.com">https://coinkite.com</a>
Unchained
<a href="https://unchained.com/tftc/">https://unchained.com/tftc/</a>
Join the TFTC Movement:
Main YT Channel
<a href="https://www.youtube.com/c/TFTC21/videos">https://www.youtube.com/c/TFTC21/videos</a>
Clips YT Channel
<a href="https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ">https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ</a>
Website
<a href="https://tftc.io/">https://tftc.io/</a>
Newsletter
<a href="http://tftc.io/bitcoin-brief/">tftc.io/bitcoin-brief/</a>
Twitter
<a href="https://twitter.com/tftc21">https://twitter.com/tftc21</a>
Instagram
<a href="https://www.instagram.com/tftc.io/">https://www.instagram.com/tftc.io/</a>
Nostr
<a href="https://primal.net/tftc">https://primal.net/tftc</a>
Follow Marty Bent:
Twitter
<a href="https://twitter.com/martybent">https://twitter.com/martybent</a>
Nostr
<a href="https://primal.net/martybent">https://primal.net/martybent</a>
Newsletter
<a href="https://tftc.io/martys-bent/">https://tftc.io/martys-bent/</a>
Podcast
<a href="https://www.tftc.io/tag/podcasts/">https://www.tftc.io/tag/podcasts/</a>

TFTC: A Bitcoin Podcast

#626: Bitcoin Treasury Strategies for Real Estate Developers with Leon Wankum

martybent@fountain.fm

OpenSats

Fountain