51. The Global Bond Market and Bitcoin with Greg Foss

<p>Experienced high-yield credit trader Greg Foss joins Saifedean Ammous for a discussion on why bond investors should own Bitcoin. They talk about why Bitcoin represents insurance against sovereign debt defaults, how Greg&rsquo;s values Bitcoin using data from the Credit Default Swap markets, and why those same markets suggest that Canada&rsquo;s official credit rating is too high.</p> <p>Greg makes reference to:</p> <ul> <li>This table showing the implied default risk of different countries based on CDC markets:&nbsp;<a href="http://www.worldgovernmentbonds.com/sovereign-cds/" target="_blank" rel="noopener noreferrer">http://www.worldgovernmentbonds.com/sovereign-cds/</a></li> <li>The website that first allowed Greg to appreciate the beauty of Bitcoin from an engineering perspective:&nbsp;<a href="http://www.tradeblock.com/" target="_blank" rel="noopener noreferrer">www.tradeblock.com</a></li> <li>A research paper in which Greg outlines the full case for bond investors holding Bitcoin, including a description of his Bitcoin valuation model:&nbsp;<a href="https://rockstarinnercircle.com/wp-content/uploads/2021/03/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf" target="_blank" rel="noopener noreferrer">https://rockstarinnercircle.com/wp-content/uploads/2021/03/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf</a></li> </ul>