Sound money, bitcoin, and gold on Wall Street with Ray Kamrath

In this episode, Ray Kamrath, Chief Commercial Officer of Bakkt, shares his journey from Wall Street to embracing bitcoin. Starting with a light-hearted recount of riding scooters and breaking his arm in Austin, Ray narrates his first encounter with bitcoin and the concept of sound money. He contrasts gold and bitcoin, explains his decision to join Bakkt, and he explores the potential for an institutional driven bull market. Ray offers insights into political interactions with bitcoin, valuation methods, and a potential monetary reset. The discussion also covers collaborative custody, differentiating bitcoin from other cryptocurrencies, and Bakkt's future trajectory.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email [email protected]:00:00:00 Introduction00:01:20 Who is Ray Kamrath?00:02:38 Riding scooters and breaking arms in Austin00:03:36 Ray first hearing about bitcoin00:07:50 Talking about sound money on Wall Street00:10:37 Gold vs bitcoin00:11:36 Why join Bakkt?00:16:15 An institutional-driven bull market00:22:20 Government and bitcoin00:24:39 How do you value bitcoin?00:27:20 Monetary reset–what does it look like?00:31:30 Which countries will influence the market most?00:38:30 Collaborative custody and a network of keys00:42:18 Bitcoin vs crypto00:45:47 Where is Bakkt in 5 years?00:47:10 Where is bitcoin in 5 years?00:48:54 Passive flows, MSTR, and bitcoin00:50:41 What’s something you believe that most bitcoiners would disagree with?00:51:47 What’s the biggest risk to bitcoin?00:53:59 Closing thoughtsWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Ray Kamrath’s Twitter: https://x.com/Ray_Kamrath→ Bakkt’s Twitter: https://x.com/Bakkt