Preston sits down with Jon Melton to explore his shift from Morgan Stanley to Bitcoin, insights on Silvergate Bank’s crypto strategy, and the future of Bitcoin-backed finance.
They delve into lending models, the impact of regulation, and how Jon sees banks engaging with digital assets going forward.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:31 - How Jon transitioned from Morgan Stanley to the Bitcoin world.
06:32 - The impact of Wences Casares on Jon’s Bitcoin conviction.
08:43 - What made Zappo a pioneer in Bitcoin custody.
09:42 - Silvergate Bank’s unique approach to cryptocurrency banking.
14:50 - Reasons behind Silvergate’s decision to wind down operations.
20:09 - The importance of over-collateralization in Bitcoin lending.
23:10 - Why Unchained avoids rehypothecation in its lending model.
27:25 - How Bitcoin loans might integrate with real estate in the future.
33:38 - The Federal Reserve vs. Treasury Department on stablecoin policy.
37:49 - Why Jon remains bullish on Bitcoin and its role in future finance.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
Website: Unchained Capital.
Related Article: Revisiting Unchained’s Core Lending Principles by Jon Melton.
Related article: Core Lending Principles.
Related article: The Plot to Destroy Silvergate by Nic Carter.
Related Video: Banking, Crypto, and an Upcoming Regulatory Overhaul with Caitlin Long and John Maxfield.
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