A Closer Look at Bitcoin Life Insurance & How It Works | Jason Leibowitz of Meanwhile

I want to get your thoughts because you've been in the industry for so long.

Bitcoin has matured a lot from when you entered, right? What are your thoughts on that maturity? And do you think that that's a good thing? Do you think we're going to continue to see the sector mature moving forward?

The fact that we have the biggest ETFs in history that are Bitcoin ETFs, that BlackRock is in the space, Fidelity, Morgan Stanley, sovereign wealth funds, central banks, they're all custodying it like Coinbase, Anchorage, and others.

You have the micro strategies of the world, which are amassing the most massive piles of Bitcoin and other digital asset treasury companies, other companies and people just allocating to Bitcoin because they recognize that it is a non-sovereign uncorrelated asset that has nothing to do with inflation and fiat currency devaluation.

And so, you know, you see all this investment advice, whether it comes from global macro fund managers or banks or other asset managers or financial advisors saying you should have two or five or eight or 10% of your portfolio in Bitcoin, among other assets, equities, fixed income, real estate, etc., because it gives you this diversity and it gives you this, we call Bitcoin a highly convex asset because it has this asymmetric upside potential.

And so it's always good to have an asset that has this long tail potential in your portfolio.

Some people don't understand Bitcoin.

They don't understand how this thing that we don't know who invented it has any value and it's not backed by anything.

It has no intrinsic value.

But when you really look at anything in the world that has a price to it, it's only worth what someone's willing to pay for it.

Whether that's gold, whether that's your house on an island, or your apartment on the 80th floor of a skyscraper.

If no one wants it, it's worth zero.

If everyone wants it, it has a high price tag.

if you look at gold intrinsic value, you can't eat it in the worst of times.

You can't wear it to keep you warm.

You can't live under it to keep, you know, shelter.

Humans have ascribed a value to gold over time.

I believe it's valuable because we've ascribed a value to it.

And I believe that Everything that happened leading up to the moment of the internet was its own era.

And now that we're in this internet networked age with the power of network connectivity, everything is different.

And the concept of value is different.

To me, it's proven by the fact that I see my two young kids who are so good at technology, whether it's their iPads or my iPhone or any type of technology in my Tesla, and speaking to AI bots like voice bots.

And to them, as they get older, what's going to have more value? Something digital or something physical and heavy metal like a rock? And to me, it's obvious that everything is going to be digital.

And so would you rather invest in the future of digital gold or antiquated pre-internet physical gold? And I think that this is like a common example of digital gold, Bitcoin digital gold, but I see it.

I see it every day that the digital age is here and is only going to get bigger and more important.