Look For The Helpers | The Hurdle Rate Podcast | Ep. 68

In this week's Hurdle Rate, the crew breaks down the Coldcard self custody exploit and how the Bitcoin community responded to it, before turning to what the event revealed about how few people understood the cryptography they were relying on. We dig into the yen hitting its weakest level in forty years and what a fragile treasury market means for everyone holding dollars, Strategy's
decision to sell Bitcoin and build a cash reserve, and the game theory behind buybacks. We close with a deeper look at the traditional capital that is starting to fill gaps this market used to fill on its own.

Here's the latest with Tim Kotzman, Matt Cole, Jeff Walton, and Ben Werkman.

Timestamps
00:00 - Welcome To The Hurdle Rate
02:03 - The Weekend That Tested Self Custody
03:34 - Look For The Helpers
07:48 - Why A White Hat Could Not Have Saved This
13:11 - A Humbling Event For The Whole Market
17:09 - What People Did Not Understand About Cryptography
20:58 - Bitcoin Recovers From The Drop
23:24 - The Yen At Forty Year Lows
28:38 - Who Actually Buys Treasuries Now
33:48 - Fragile Markets And What Props Them Up
36:42 - Strategy Sells Bitcoin And Builds Reserves
41:33 - The Game Theory Of Buybacks
42:37 - Traditional Capital Fills The Gap
46:38 - What The Clarity Act Would Open Up

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