All Episodes

December 22, 2025 31 mins
Jaime Leverton, CEO of ReserveOne, joined me to discuss how the firm is taking a unique approach to their digital asset treasury which includes Bitcoin, Ethereum, Solana, Cardano, and XRP. 
Topics:
- Crypto asset diversification
- Yield generation - Staking, Lending, & Venture allocation
- Staking rewards strategy
- Tokenization market
- Crypto needs the Clarity Act to pass
- Crypto market outlook
🏠 Propy (PRO) is a blockchain-based real estate marketplace and decentralized title registry that leverages smart contracts to facilitate property transactions globally https://propy.com/home/ & https://propy.com/home/ownyourtomorrow/
💡Get the (Re)Thinking Crypto Book on Amazon - https://www.amazon.com/dp/B0D2525DYX
🖥️ Learn Crypto with Expert Commentary - http://MyCryptoCourse.com
Sponsors:
🌟Uphold - Signup with Uphold. https://uphold.sjv.io/gbED4X Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
🔐 Safely Store your Crypto with Trezor Hardware Wallets - https://affil.trezor.io/SHlz
✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/
🏦 Learn about iTrustCapital’s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms https://www.itrustcapital.com/go/thinkingcrypto
🖥️ Sign up with Santiment to get quality crypto metrics - https://santiment.net/?fpr=thinkingcrypto Get 25% discount with code THINKINGCRYPTO
📰 Sign up for the Free Thinking Crypto Weekly Newsletter https://thinkingcrypto.substack.com/
✅ Become a Channel Member - https://www.youtube.com/channel/UCjpkwsuHgYx9fBE0ojsJ_-w/join 🔥 Buy Merch & support the Podcast https://my-store-574b5b.creator-spring.com/
🧙‍♂️Merlin - http://tinyurl.com/MerlinTCYouTube “I am a Merlin partner and get compensated for purchases made through links in this content"this content"

Follow on social media:
➡️ X(Twitter) - https://twitter.com/ThinkingCrypto1
➡️ Facebook - https://www.facebook.com/thinkingcrypto/
➡️ LinkedIn - http://linkedin.com/company/thinking-crypto
➡️ Instagram - https://www.instagram.com/thinkingcrypto/
➡️ TikTok - https://www.tiktok.com/@thinkingcrypto5
➡️ Threads - https://www.threads.net/@thinkingcrypto
➡️ Website - https://www.ThinkingCrypto.com/

🔊 Listen to content on Apple Podcasts - https://podcasts.apple.com/us/podcast/thinking-crypto-news-interviews/id1458945676
🔊 Listen to content on Spotify - https://open.spotify.com/show/221AV5A65v7uYEsuMviVKl

💼Business Inquiries💼
hellothinkingcrypto@gmail.com 

⏰ Time Stamps ⏰
00:00 Intro 
01:51 Jamie's background
06:02 Crypto's growth
09:04 ReserveOne overview
11:40 Diversifying assets
13:47 Venture strategy
14:40 Going public timeline
15:54 Crypto market outlook
19:43 Investing in top 5 assets
21:11 Tokenized assets
22:20 Clarity Act
23:11 Stablecoin use
24:41 Michael Saylor & Strategy
26:19 DATS, ETFs and crypto adoption
28:28 Cantor Crypto Conference
30:10 Wrap up questions
================================================= 
#Crypto #Bitcoin #XRP #Cardano #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
Disclaimer - The Thinking Crypto podcast and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice. Note that links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

Become a supporter of this podcast: https://www.spreaker.com/podcast/thinking-crypto-news-interviews--3464539/support.
Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Our structure is unique. It's not like anything else that
we see in the space today. We're inspired by what
we've seen from the federal government. It is a vote
of confidence for the Fed to get behind not just bitcoin,
but the assets that they intend to maintain in the stockpile.

Speaker 2 (00:13):
We have a proof of stake blockchain, Peth. You got
Salona as well. You got extra pre Can that change
over time?

Speaker 1 (00:20):
Yeah, absolutely, We've got flexibility to adjust over time.

Speaker 2 (00:30):
This episode is brought to you by Propy, which is
leading to charge in putting real estate on chain. Propy
is a game changer. You can buy and sell real
estate with cryptocurrencies using the Propty platform, which is powered
by a blockchain of course, and they have a native
token call pro And I've been an investor in the
propy token since twenty eighteen. So Propy is a licensed

(00:52):
Web three pioneer operating since twenty seventeen. They have facilitated
over four billion dollars in transactions. They're putting titles, deeds
on chain. They use coinbase for their crypto escro service.
So this is a great platform and once again they
are ahead of the curve when it comes to putting
real estate on chain and they just launch a great
campaign where you can earn some of the Propy tokens

(01:14):
and it's simply by doing tasks such as sharing their
vision video, signing up and inviting a friend, and much
more so. If you'd like to learn more about Propy,
visit the link in the description. Hey, folks, welcome into
the Thinking Crypto Podcast. I'm your host, Tony Edward and
joining me today is Jamie Leverton, who is the CEO
of Reserve One.

Speaker 3 (01:35):
Jamie, great to have you, Great to be here, Thanks
for having me.

Speaker 2 (01:38):
Yeah, I'm excited to speak with you, Jamie, with your
tech background, the amount of time you spent in the
crypto industry, and to dive into what makes Reserve one
unique as a digital act treasury company. Let's kick it
off with your background. Where'd you grow up? How'd you
get into tech and find your way to crypto.

Speaker 1 (01:55):
A I'll try to give you the short version of
a long story. I'm originally from a small town about
two and a half hours east of Toronto, So I'm
Canadian and the town's called Belleville. So I was born
and raised there, and then I went to University of Ottawa.
Did my undergrads in psych and POLYPSI, which was not

(02:19):
particularly helpful when I wanted to enter the job market.
So then I ended up doing my master's in Business
administration at dal Hassie University, which is on the east
coast of Canada, and I did my MBA with a
concentration in marketing informatics. And I had grown up with
computers in the house, coding since I was a kid,
so it just seemed like a fun way to do

(02:41):
an MBA but still be able to, you know, play
with computers while I did it. And ultimately IBM recruited
myself and one other from that program, and so I
started my career in traditional tech with IBM in two
thousand and then it's now almost well it's twenty five
years later, and I've spent kind of half my career

(03:01):
in trad tech and half in almost half now in
digital assets and fintech.

Speaker 2 (03:10):
So was it your natural affinity to tech that kind
of drove you to crypto and what was your first
encounter with bitcoin and what was that aha moment?

Speaker 1 (03:21):
Yeah, I mean I think I've always been I've always
loved loved technology. I think it was definitely where I
was destined to end up. I've always been really curious
about new tech and kind of what's coming up. I
went down the rabbit hole and bitcoin first. In twenty seventeen.

(03:43):
I met a guy that some of your listeners may know,
Kyle Kemper, who's been around the crypto space a very, very,
very long time. I met him in twenty seventeen when
I was running Canada and Asia Pacific for a traditional
data center company, and I met Kyle and he talked
to me about about bitcoin and how much he loved

(04:05):
it and what got him into it and why he
was so excited about the future of bitcoin and blockchain,
and it was right around the ico craze at that
at that time, so I started to do the work. Really.
I read Blockchain Revolution, which was written by an amazing
Canadian luminary Don Tapscott, the Bitcoin Standard of course, and

(04:27):
started to explore opportunities to bring blockchain, crypto bitcoin mining
into the traditional data center space, which is where I
was where I was focused at that time. And then
ultimately the opportunity presented itself in twenty twenty to take
over as the CEO of eight.

Speaker 3 (04:46):
HOWD eight was a.

Speaker 1 (04:47):
Canadian bitcoin mining company, and a bitcoin mine really has
a lot in common with the traditional data center. There
are a lot of differences as well, But because I'd
been down the rabbit hole, I really understood the space,
was passionate about the space, and really thought I could
I wanted to tackle that opportunity and try it and

(05:08):
try and turn HUT around. HUT was in a difficult
position at that time. The bitcoin mining space and bitcoin
in general had been hit pretty hard in the COVID crash,
and so when I took over in the fall of
twenty twenty, it was just a really good opportunity. I've
done a lot of transformation work in my career, so

(05:30):
looking at underperforming business units, companies driving high growth mandates,
and so the opportunity to kind of apply the skills
I'd built over the course of my career and an
area that I was really passionate about both data centers
and bitcoin, was just something I couldn't pass up. So
I took over HUT in two thousand and ran it

(05:51):
through an amazing transformation and growth journey, and then ultimately
stepped down in Q one of twenty twenty four when
we moved the company to Miami.

Speaker 2 (06:01):
You know, you have a lot of experience in this industry.
What's it like you're looking back to and seeing how
bitcoin started and where we're at now with trad FI
institutions participating, you know, building different products around bitcoin, some
are participating in mining. They got the treasury reserves for
countries and companies and all these ETFs. What's it like

(06:25):
looking at all this?

Speaker 3 (06:26):
Yeah, it's wild.

Speaker 1 (06:27):
I mean if you think about you know, when I
took over Hutton in twenty twenty, the only real opportunity
for traditional equity investors to get exposure to anything that
was happening in bitcoin or the crypto industry in general
was through bitcoin minors. Bitcoin minors kind of acted as
a proxy where traditional investors could get some exposure to

(06:49):
bitcoin as the underlying commodity that we were producing. And
then we saw strategy really really kicked off their bitcoin
accumulation strategy that fall as well. Then you we we
had some exchanges that offered exposure, but but that was
really it. It was quite limited, and then you saw

(07:11):
more more activities start happening on the Nasdaq in the
in the seventeen eighteen cycle, the only miners were really
in Canada on the on the TSX venture and then
the next wave that that twenty twenty one wave NASDAK
kind of took off. A lot of the Canadians duelisted
onto the Nasdaq, led by led by High eight that spring,

(07:31):
and then you fast forward to today and we've got
this proliferation really a new category that's that's been created
this year around digital asset treasuries, kind of picking up
what what Michael Sailor started. And I think it's just
it's it's amazing. We've been talking about the institutionalization of
crypto for years and and when would the big players

(07:52):
come over, and we've really started to see it, I
think this year more more than any prior year. The
ETF bit quinn ETFs were obviously a big milestone, but
it's really the regulatory clarity that we've been seeing under
under the current regime genius going through, We've got we've
got clarity hopefully coming shortly as well, and I think

(08:16):
I think that really opened the door for the big
traditional players to start to start coming in. Obviously, big
announcements this week coming out of Vanguard, which which I
think moved the market in a positive direction yesterday. So
it's really it's really exciting. But I mean I have
to I have to give kudos to the institutions that

(08:37):
we're here first, probably really Fidelity, the biggest supporter of
this industry early on. Fidelity was mining I think back
in fifteen sixteen. Really a stalwart in supporting the industry
early on from a public company perspective. So, yeah, it's great,
it's great to see, but certainly hats off to the

(08:59):
to the early movers.

Speaker 2 (09:01):
Yeah. Absolutely, And of course one avenue that folks can
on ramp onto bitcoin and you get exposure to this
asset class is through Digital ASTID Treasuries and Reserve one
is looking to establish itself as one of those companies.
So give an overview of Reserve one and the mission.

Speaker 3 (09:19):
Yeah, happy to so.

Speaker 1 (09:20):
We we announced the raising of our pipe and our
business combination agreement in early July. We raised seven hundred
and fifty million dollars in our pipe. We are looking
to go public via d SPAC. So the current ticker
is mba V. That is this BAC that we're looking
to merge into, pending SEC approval and shareholder approval of course,

(09:45):
and then once once the deal closes, will be trading
under the ticker ron E. The capital will be deployed
when when the transaction closes. So for us, it's a
bit of a silver lining that the prices have come
down a lit little bit, because well, if that, if
that remains the case when the deal gets closed, we

(10:05):
were able to fund into into some discounted crypto, if
you will. Our structure is unique, it's not it's not
like anything else that we see in the space today.
We're inspired by what we've seen from the federal government.
So eighty percent will will be about eighty percent will
be held in bitcoin, and then twenty percent will be

(10:27):
a sleeve of other assets. That is really inspired by
what we're hearing from the federal government that they intend
to maintain in the digital assets stockpile. So early indications
are that that stockpile will maintain Ethereum, Salana, Ada XRP,
so that'll be our initial allocation into into alternative assets

(10:48):
from outside of bitcoin. We have a unique methodology for
how we weight them, so it'll be overweight Ethereum and
Salana based on their free float, market cap and ability
to generate yield. The other thing unique in our structure
that we're really excited about is the opportunity to allocate
up to ten percent of our AUM into venture opportunities
and really a unique opportunity for investors to get exposure

(11:11):
to private market transactions through a vehicle like that that
exists within the Reserve One portfolio. So really we've structured
the company to give equity investors exposure to a diversified
opportunity within the crypto ecosystem. So really almost a one

(11:32):
stop shop for exposure to owning the upgrade of the
financial system as we see it.

Speaker 2 (11:38):
Oh, for sure, that's really great, And I love the
fact that you're diversifying because to your point, you highlight
like Ethan Solone have the ability to generate yield, and
you give folks maybe access to like the top five
assets by market cap excluding stable coins. So do you
think that gives you an advantage, you know, versus picking
one horse so to speak, and just betting on that.

(12:00):
But having a diversification and then when there's market downturns
or volatility or bear market it will help you to
have that sustainability.

Speaker 3 (12:08):
Yeah, I think I think diversification is important.

Speaker 1 (12:11):
I mean, you don't you don't build a portfolio based
on any single assets, So really bringing that that kind
of portfolio mentality to what we've structured here was very
was very intentional. We will be putting the assets to work,
so looking to generate yield while we hold the digital
assets on our balance sheet obviously important to help cover

(12:33):
some of the operating costs of the business. It gives
us a lot of a lot of optionality over time
as market conditions change, as we see new and interesting
innovations come in the space, which we always do. We've
assembled a really unique management team and board of directors.
We've we've got a great intersection of crypto trad fi Washington.

(12:55):
We're very, very lucky to have an anticipated board that
includes one of the co founders of Tether, the chair
of one of the largest exchanges in the world, Wilbur Ross,
former Commerce Secretary Chin Chew from cc Capital, former Blackstone.
We've got Coinbase represented with John Degastino, head of strategy

(13:15):
for instant for Coinbased Institutional, obviously myself kind of with
me at the home. We've got Sebastian Beya, who is
the former president of Coinbased Asset Management, as our president
and chief investment officer. So really think we've built a
world class team here to do something different and unique
in the space, and we're super excited to get going.

Speaker 2 (13:38):
That's quite a team. And I know John Gastino, I've
injuried him and he's a great guy. So that's amazing.
I love that. And you know some of the yield
generation strategies that you have, you highlighted some a staking
lending venture allocation, So I'm curious the venture allocation. Will
it be specifically for crypto companies or traditional companies as well.

Speaker 1 (13:57):
It's certainly we're our intention is to stay within the ecosystem. Again,
really the theme is exposure to the upgrade of the system,
the financial system as we see it, So really looking
looking to stay within within the industry, but we've got
kind of a broad aperture of things that we would
be interested in looking at.

Speaker 2 (14:18):
Oh for sure. And then from the staking standpoint, for
specifically for Solana and Eve, are you reinvesting those taking
rewards or are they paid out in dividends. I'm just
curious what your strategy is.

Speaker 1 (14:31):
We haven't we haven't gone into specifics on this strategy,
but I know we're going to get back together again
in Q one, so maybe that's a good opportunity to
talk more about.

Speaker 2 (14:39):
That, oh for sure. And then I know you're waiting
SEC approval. I know the government shut down, slow down
everything on which it was annoying. But but you might
get approval of this month and you go public this month.

Speaker 1 (14:52):
Look, it's it's really hard to say. Obviously, we're we
are in the process. We're already into December, so I
think it's more likely Q one at this point. But
the team is heads down and it's absolutely our our
top priority.

Speaker 2 (15:04):
Oh for sure. And I don't know if you saw,
but yesterday SEC chair Paul Atkins he spoke at in
New York Stock Exchange and as thatak, he was on
CNBC as well, and you know, one of the things
he highlighted the SEC wants to make IPOs and companies
go in public, make it easy. They want to bring
make IPOs great again, if you want to call it back.
So it seems like they're setting up something very big,

(15:24):
and maybe that'd be a good timing, you know, in
early twenty twenty six.

Speaker 1 (15:28):
Yeah, certainly we can't wait to hear more about what
they're up to. Lots of reason for optimism going into
twenty twenty six. I personally don't believe this is the
start of a three year typical bear market cycle. I
think I think twenty six is going to be a
really great year and very optimistic about what it's going

(15:50):
to bring for us in the industry as a whole.

Speaker 2 (15:53):
Let's double click a bit into that because it's a
big topic right now, Jamie. It is so yeah. I
even myself being here, so twenty sixteen, I'm a big
conflicted because I see the macro as bullish, but the
chart signals, you know, based on the time of for
your cycles. It's like, man, I don't see something good that.
I don't see good things there, but it feels I know,

(16:14):
the cliche thing is this time is different, but it
is different, you know. I keep highlighting Bitcoin hit a
new all time high before the having because of the
ETF launch. You have all the ETF and Digital ACTRA
treasury buying, you have market structure that is about to pass,
you have the stable coin bill has passed, and you
have huge on rams. You mentioned Vanguard earlier in Bank

(16:35):
of America adjusting allocation to bitcoin. So it is different.
This is not the ico retail movement in twenty seventeen
or twenty twenty one where just one company, coin Base,
went public, and I don't know it just it is different.

Speaker 1 (16:50):
Yeah, I think I think it is different. Actually, I
was just having this conversation this morning as well. To
your point, it's a very hot topic. I've never gone
on record think thinking that the cycle had broken before
before this time this cycle, I was pretty confident the
cycle was gonna was going to repeat the last time,

(17:12):
and I was public about that, and I took a
lot of heat for that people that I, you know,
didn't believe in the supercycle. And the reality was I
didn't believe in the supercycle last time, and I wouldn't
call I wouldn't even use the term supercycle.

Speaker 3 (17:24):
That was a hot one in our last go around.

Speaker 1 (17:27):
But I just the the indicators that we typically track
where we're looking for what the peak bull market signals,
they're about twenty of them, and we didn't hit one
in the fall. So that to me just suggests we
were not seeing the same pattern repeat. We don't see
the same technical indicators. There's a lot more noise in

(17:51):
the system, the signals not as clear that that may
be part of it. But I just really fundamentally do
not see the same things that we historic have seen,
and that's that's what gives me confidence to say, I
actually think this time is different, and you know, it's
only only time will tell. The wild swings we've seen
over the last couple of weeks as well, really quite something.

(18:15):
Bitcoin up and down ten fifteen K in a matter
of days on the regular over the last few weeks
is wild to watch, but it just shows there's there's
a lot of people that are that are willing to
step in and accumulate as so it'll be it'll be
interesting to see where we go from here.

Speaker 2 (18:32):
Oh absolutely. And I feel like we're at the maturing
phase of this market where I think over time, a
lot of people were talking about it years ago that
as more liquidity, more holders, and yet institutional buyers coming in,
there's not going to be as much volatility, you know,
maybe not an eighty percent downturn in the bear market. Look,
anything's possible, but the probability of that happening, I feel like,

(18:55):
is diminishing. And if there are more holders and institutional
holders who have a longer term horizon versus let's say
retail is a bit more emotional markets, Yes, there's you know,
there may not be what people are anticipating, Oh, we're
about to fall another fifty percent or something like that.

Speaker 1 (19:13):
Yeah, and I think I think the impact of the
having isn't what it used to be as far as
that the new book, when coming into circulation at this point,
is already is getting a bit deminimous where I don't
think that supply shock that historically we saw is as
relevant now at the levels that we're at and with

(19:35):
the with the buying behaviors that we're that we're seeing
from from the bigger players entering the market.

Speaker 2 (19:41):
Oh for sure. I did want to ask you about
the diversification. Look, over time we've seen if you compare,
for example, like twenty sixteen to where we're at now,
the top five or six assets in the crypto market
has fluctuated and changed a bit. Is your strategy based
on the top market cap coins or it's specific to Okay,

(20:04):
we got bitcoin, we have a proof of steake, blockchain,
the eth, you got Salona as well, you get extra
pre Can that change over time?

Speaker 3 (20:12):
Yeah?

Speaker 1 (20:13):
Absolutely, We've got flexibility to uh to adjust over time.
And where we stand right now really inspired by by
the FED as I as I mentioned earlier and what
they intend to maintain in the digital asset stockpile, which
gives I think the opportunity for an added level of
UH be it a halo effect or UH security for

(20:37):
investors that if the if the FED is is taking
a position where they intend to maintain those assets as
opposed to the the other the other tokens that they
may confiscate and move to auto liquidation. It's it is
a vote of confidence for the FED to get behind
not just bitcoin, but the assets that they intend to
maintain in the stockpile. And so really that was our

(20:58):
inspiration hind the initial allocation, and we'll see how how
that how that evolves over time as we get more
clarity from the FED, which I expect we'll see in
early twenty twenty six.

Speaker 2 (21:09):
Oh absolutely, maybe too early to answer this question, but
I'm curious if you guys are looking at tokenization, whether
that's holding tokenized assets, tokenizing your own stock eventually, or
anything else. You know, that's because we're seeing a race
with a tokenization market right now.

Speaker 1 (21:26):
Yeah, certainly this is something we've been talking about forever.
And when would tokenization of real world assets really start
to start to take off, and I think we're seeing
signs of that now. Of course we're paying super close
attention to it, and I would say nothing, nothing's off
the table. And again, the beauty of our structure being diversified,
having having the venture or opportunity within the within the

(21:50):
structure really allows us to be to be more more
versatile than I think most others.

Speaker 2 (21:57):
Oh for sure, Yeah, and I know it's so yeah,
this is still early. There's a lot of the infrastructure
still being built out for tokenized assets, and obviously the
SEC they've talked a lot about it, but I don't
think we have the full rules yet.

Speaker 1 (22:10):
So we need clarity for sure. We need the Clarity
Act to get through and get codified, and hopefully early
in twenty twenty six.

Speaker 2 (22:20):
So Jamie, let's say the Clarity Act gets passed in
early twenty twenty six. You know, what are you expecting
in this industry? And maybe from tradfi right that the
shackles will be off, people will start building, there will
be more M and a's and much more.

Speaker 1 (22:33):
I think all of that's the case. Sebastian, my partner
in crime over here, likes to give the analogy which
I am going to shamelessly steal, which is kind of
genius has passed the train car, but we still need
to pass the tracks. Clarity gives us the tracks on
which the car is ride, and you can't really have

(22:56):
one exists without the other. So truly truly paramount that
we we get, that we get Clarity through, and that
I do believe we'll open up the floodgates for for
more institutionalization, for more innovation, for more tratified crossover.

Speaker 2 (23:11):
This question I'm gonna ask you may be a similar
answer to the tokenization question asked, and that is the
use of stable coins. Now that we have the Genius
Act in place, there are a lot of statempoint issuers
not coming to the market, some of the big bangs
saying they want to do this. Do you foresee using
stable coins in any way in the reserve one ecosystem
for instant settlement and all the benefits there.

Speaker 1 (23:32):
Well, I think we're in a pretty unique position. We've
got Reeve Collins on our board. He's one of the
co founders of Tether, so very well versed in the
stable coin world and ecosystem. Out of the gate, I
don't think there's anything in our immediate structure, But I
think broadly, we believe stable coins are going to be

(23:54):
kind of a permanent addition to the upgrade of the system.
Stable coins will well proliferate across across the financial industry,
and it'll everybody will have ultimate exposure to stable coins
in one way or another. And then again, we we
have we have the opportunity with Inventor if we if
we see projects that that are unique that we like

(24:15):
in in that in that world in particular, obviously, uh,
looking at them.

Speaker 2 (24:20):
You've got quite a team. You mentioned Reeve. I've interviewed
him a couple of times as well, so he's he's
another great guy.

Speaker 3 (24:26):
Yeah, we we've assembled quite a roster. We're very, very proud.

Speaker 1 (24:29):
And look, we think it's a it's going to be
a really unique differentiator for us in addition to our
structure as we as we come out of the gates
and and look to make an impact here.

Speaker 2 (24:39):
I wanted to get your thoughts on micro strategy and well,
I should say strategy, Michael Sailor strategy. And you know
they're facing some headwinds right now, short attacks from short
sellers and other folks, and you know, anytime the price
is down, you got these people come out with the
negative articles and the food and so forth. They recently
launched date or just this week announced a USD reserve,

(25:00):
and they're buying more bitcoins. Do you foresee facing similar
challenges or you know, strategies unique because they're kind of
king of the hill right now as it relates to bitcoin,
So everybody's throwing rocks at them. Yeah.

Speaker 1 (25:12):
Look, it's a natural part of part of the cycle
when when the market turns down, the fud comes out.
You hear kind of the same things repeat every every
market downturn, and I think those of us that have
been around a long time you kind of you learn
to tune it out. It really just is noise, and

(25:32):
it's noise that that goes away. I think I think
Michael's probably more of a pro at it than anyone
because he's he's a he's a beacon for for attention
for sure, but he's completely committed to the strategy. I've
had the pleasure of having a friendship with Michael since
my early my early days at HUT and he's he's

(25:57):
he's incredible as a mentor in the industry. He is
he's very, very open, incredibly helpful with all of us
in the space shares ideas is collaborative, wants to support
the ecosystem as a whole. He's an incredibly, incredibly unique
individual and I think we're lucky to have him as
an industry.

Speaker 2 (26:17):
Oh for sure. And I wanted to discuss something you
shared on x which I thought was really great and
you recently tweeted about it. You said, crypto isn't going
to go mainstream by convincing billions of ordinary people to
buy crypto on exchanges and self custody in cold storage.
Mainstream adoption equals mainstream options and the emergence of ETPs,

(26:37):
ETFs and dats. So do you see, you know, those
being at the forefront of mainstream adoption to bring in
the mom and pops and the average Joe and Jane.

Speaker 3 (26:47):
I absolutely do.

Speaker 2 (26:49):
I think.

Speaker 1 (26:51):
They want exposure, but in the vehicles that they're the
most comfortable with, and that really comes in the form
of equities. I think they want to continue you to
work with their financial advisors that they trust. They want
to they want to work work within the systems and
the rails that they trust. And so I very much
think a traditional equity is is the way to unlock

(27:13):
a lot of new investors coming into the space, and
we thought a lot about about that in in how
we structured and how we're we're building the company, how
we're focused on education and really trying to onboard new
investors to this space in a in a in a
new way, which I think the timing's perfect for.

Speaker 2 (27:33):
Oh absolutely, yeah, because anecdotally I can share to like you,
my mom and dad, like if I tell them to
go to coin basically like what but if I say, oh,
you can get it in your retirement account or whatever
it is, Oh okay, right or etf that that's language
they understand.

Speaker 1 (27:50):
It's exactly, it's language they understand. We've seen a ton
more headlines this year, I think than ever before around
just security risks of holding your own crypto on on
keys or wallets, and I think I think that there
that the fear around that is real and there's there

(28:13):
is a lot to be said for for keeping your
your finances in in systems that that offer a level
of protection and security that that people are more comfortable
with or more traditionally comfortable with.

Speaker 2 (28:26):
Oh. Absolutely. Something else I saw you highlighted on X
was that you were at the Canter Fitzgerald Crypto and
AI Energy Infrastructure Conference. How was that, you know, what
were some takeaways for you?

Speaker 3 (28:39):
Yeah, it was it was great. It was packed. I
mean everybody was there.

Speaker 1 (28:45):
I had a super fun panel with with Adam Back,
Jack Mahler's, Matt Cole. It was metaplanet.

Speaker 3 (28:53):
It was. It was a lot of fun.

Speaker 1 (28:55):
It's it's always good to to hear different people's perspectives
and how they're thinking about the industry, how they're building.
There was tons of opportunity for us to mix and
mingle and catch up with old friends. The only problem
was it was freezing. Miami was absolutely freezing that week,
which is surprised us all but no, it was a
great event. They got out just an incredible roster of

(29:17):
attendees and you can never complain about being in South Beach.

Speaker 2 (29:21):
Oh, for sure. It's an exciting time. And you know,
if you told me in twenty sixteen, all of these
firms Canter and all the Wall Street firms will be
involved with crypto, holding bitcoin, building financial products around bitcoin,
building with blockchain tech. I wouldn't have believed you, but.

Speaker 1 (29:36):
We knew what would happen eventually. And it's a real
honor and pleasure to be here, to be part of it.

Speaker 2 (29:43):
Yeah, it's exciting if there's a different energy. And boy,
I can't wait for the Clarity Act to pass. I
feel like that's just going to open up a whirl
of innovation and building.

Speaker 1 (29:51):
Yeah. I couldn't agree with you more. And look, the
industry is doing its part. We're all spending a lot
more time in Washington, a lot of time on education,
trying to keep this as bipartisan as possible to really
get us where we need to be with Clarity.

Speaker 2 (30:08):
Absolutely, Jamie, I got some wrap up questions here for you. Oh, great, First,
if you could create your own metaverse, what would the
theme be?

Speaker 3 (30:16):
Ah, it would have to be education.

Speaker 1 (30:20):
I think for me, I've just really benefited from being
a curious person and looking to learn in all different
aspects of life, so that that would be a key
part of it. And I'd throw some travel in there too,
because that's probably my favorite thing to do.

Speaker 2 (30:36):
Oh for sure. Rapid fire questions.

Speaker 3 (30:38):
Favorite food, Oh, sushi?

Speaker 2 (30:41):
Favorite musician or band?

Speaker 1 (30:45):
This is a very Canadian answer. Cowboy junkies, I have
not heard of it. Yeah, I don't think many of
your listeners will.

Speaker 2 (30:53):
I'll check them out after this. Favorite movie.

Speaker 1 (30:58):
Probably True Romance, favorite book, Bitcoin, Standard or Fountainhead.

Speaker 2 (31:05):
And when you're not working, what are you doing for fun?

Speaker 1 (31:07):
Oh, hanging out with my family, my puppy, my friends,
and traveling. If I can with all of the above, Oh.

Speaker 2 (31:13):
Sure, Jamie, Absolute pleasure. I'm looking forward to reserve one
going public, and our next conversation will have to do
it in person in New York at my studio. But
this is I love what you guys are doing, so
thank you so much for.

Speaker 1 (31:26):
Joining me, thank you for having me. I can't wait
to see you in studio in hopefully early Key one.

Speaker 2 (31:32):
Absolutely
Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

The Burden

The Burden

The Burden is a documentary series that takes listeners into the hidden places where justice is done (and undone). It dives deep into the lives of heroes and villains. And it focuses a spotlight on those who triumph even when the odds are against them. Season 5 - The Burden: Death & Deceit in Alliance On April Fools Day 1999, 26-year-old Yvonne Layne was found murdered in her Alliance, Ohio home. David Thorne, her ex-boyfriend and father of one of her children, was instantly a suspect. Another young man admitted to the murder, and David breathed a sigh of relief, until the confessed murderer fingered David; “He paid me to do it.” David was sentenced to life without parole. Two decades later, Pulitzer winner and podcast host, Maggie Freleng (Bone Valley Season 3: Graves County, Wrongful Conviction, Suave) launched a “live” investigation into David's conviction alongside Jason Baldwin (himself wrongfully convicted as a member of the West Memphis Three). Maggie had come to believe that the entire investigation of David was botched by the tiny local police department, or worse, covered up the real killer. Was Maggie correct? Was David’s claim of innocence credible? In Death and Deceit in Alliance, Maggie recounts the case that launched her career, and ultimately, “broke” her.” The results will shock the listener and reduce Maggie to tears and self-doubt. This is not your typical wrongful conviction story. In fact, it turns the genre on its head. It asks the question: What if our champions are foolish? Season 4 - The Burden: Get the Money and Run “Trying to murder my father, this was the thing that put me on the path.” That’s Joe Loya and that path was bank robbery. Bank, bank, bank, bank, bank. In season 4 of The Burden: Get the Money and Run, we hear from Joe who was once the most prolific bank robber in Southern California, and beyond. He used disguises, body doubles, proxies. He leaped over counters, grabbed the money and ran. Even as the FBI was closing in. It was a showdown between a daring bank robber, and a patient FBI agent. Joe was no ordinary bank robber. He was bright, articulate, charismatic, and driven by a dark rage that he summoned up at will. In seven episodes, Joe tells all: the what, the how… and the why. Including why he tried to murder his father. Season 3 - The Burden: Avenger Miriam Lewin is one of Argentina’s leading journalists today. At 19 years old, she was kidnapped off the streets of Buenos Aires for her political activism and thrown into a concentration camp. Thousands of her fellow inmates were executed, tossed alive from a cargo plane into the ocean. Miriam, along with a handful of others, will survive the camp. Then as a journalist, she will wage a decades long campaign to bring her tormentors to justice. Avenger is about one woman’s triumphant battle against unbelievable odds to survive torture, claim justice for the crimes done against her and others like her, and change the future of her country. Season 2 - The Burden: Empire on Blood Empire on Blood is set in the Bronx, NY, in the early 90s, when two young drug dealers ruled an intersection known as “The Corner on Blood.” The boss, Calvin Buari, lived large. He and a protege swore they would build an empire on blood. Then the relationship frayed and the protege accused Calvin of a double homicide which he claimed he didn’t do. But did he? Award-winning journalist Steve Fishman spent seven years to answer that question. This is the story of one man’s last chance to overturn his life sentence. He may prevail, but someone’s gotta pay. The Burden: Empire on Blood is the director’s cut of the true crime classic which reached #1 on the charts when it was first released half a dozen years ago. Season 1 - The Burden In the 1990s, Detective Louis N. Scarcella was legendary. In a city overrun by violent crime, he cracked the toughest cases and put away the worst criminals. “The Hulk” was his nickname. Then the story changed. Scarcella ran into a group of convicted murderers who all say they are innocent. They turned themselves into jailhouse-lawyers and in prison founded a lway firm. When they realized Scarcella helped put many of them away, they set their sights on taking him down. And with the help of a NY Times reporter they have a chance. For years, Scarcella insisted he did nothing wrong. But that’s all he’d say. Until we tracked Scarcella to a sauna in a Russian bathhouse, where he started to talk..and talk and talk. “The guilty have gone free,” he whispered. And then agreed to take us into the belly of the beast. Welcome to The Burden.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2026 iHeartMedia, Inc.