Value for Value ⚡️
And I think what's important for people to realize the difference between IBTC, which is the monochrome Bitcoin ETF's ticker, is that, this is a Bitcoin product. It's not a product that gives you exposure to the price of Bitcoin. There's actually real Bitcoin behind it, and you can withdraw the Bitcoin into your own wallet in the future or anytime if you want to. So that is not a sort of one way product win, whereby you can only sell it down to cash and cash it out, and then figure out how you wanna buy the Bitcoin back again.
Episode Summary
In this episode, we talk with Jeff Yew, CEO of Monochrome, about the journey to creating Australia's first true spot Bitcoin ETF. Jeff delves into the complexities of the Bitcoin market, the regulatory landscape, and the unique features of Monochrome's ETF that allow investors to directly hold and withdraw Bitcoin. We also discuss the broader implications of Bitcoin as an asset class and its potential for future generational wealth.(00:00:00) - Introduction(00:01:30) - Bitcoin and Motorsport Analogy(00:04:30) - The Journey to Creating Australia's First Spot Bitcoin ETF(00:08:30) - Ideology and Bitcoin(00:12:30) - Early Bitcoin Evangelists(00:17:00) - Regulatory Challenges with ASX and Cboe(00:22:00) - Personal Experiences and Social Media Issues(00:28:00) - Licensing and Regulatory Frameworks(00:34:00) - Addressing the Australian Market's Unique Issues(00:40:00) - Investor Risk and Protections(00:46:00) - Receiving Bitcoin from Monochrome ETF(00:52:00) - Bitcoin and Superannuation(00:58:00) - Bitcoin as a Future Asset for Generational Wealth(01:02:00) - Final Thoughts and TakeawaysConnect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast Connect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast