Bitcoin: Seeking Yield Amid a Global Debt Bubble

Published on
March 18th, 2021
48 minutes

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Bitcoin: Seeking Yield Amid a Global Debt Bubble

Featuring Jason Leibowitz and Ash Bennington

Published on: March 18th, 2021 • Duration: 48 minutes

Jason Leibowitz, CEO and co-founder of LeboBTC Ledger Group (LLG), joins Ash Bennington, Real Vision senior editor, to discuss Bitcoin custody solutions, growing interest in Bitcoin from traditional investors, and the global debt bubble. As central banks worldwide are engaging in loose monetary policy in an attempt to blunt the economic effects of the pandemic, Leibowitz shares that many of his clients understand the global macro story—as a result, people are increasingly interested in Bitcoin. In an era of historically low bond rates, he reiterates how this has spurred many investors to reallocate their portfolios in new assets as they are pushed out the risk curve seeking yield. Leibowitz explains the importance of self-custody of Bitcoin, but recognizes the difficulty of onboarding new people who are unfamiliar with how the new technology works. With the global debt bubble growing from drastic QE efforts and concerns over increasing debt on the Fed’s balance sheet, Leibowitz says that holding dollars in your portfolio, especially for corporate treasurers, is like holding a melting ice cube. Filmed on March 11, 2021.

Key Learnings: Traditional investors are becoming more attracted to assets such as Bitcoin as the global debt bubble grows, central banks continue to engage in quantitative easing and suppress rates, and currency debasement risk increases. Self-custody of Bitcoin is important to reduce custodian risks and costs, but can be difficult for people new to the technology