The Hurdle Rate Podcast Episode 52 - An Increasingly Digital World
13 snips
Mar 24, 2026 A deep dive into digital credit, exploring product-market fit and why Bitcoin-backed yield products are gaining traction. A close look at private credit liquidity, redemption gates, and how commercial real estate stress amplifies risk. Discussion on correlations between private and public credit markets and how ETF wrappers change bond liquidity dynamics.
AI Snips
Chapters
Transcript
Episode notes
Digital Credit Is The New Core Product
- Strategy and Strive have pivoted to digital credit products as core offerings driving balance sheet buildouts and investor demand.
- Matt Cole and Jeff Walton note $42B combined ATM capacity and weekly BTC purchases show firms are scaling credit via reserves and equity issuance.
Narrow Messaging Around One Flagship Product
- Focus messaging and go-to-market on the single product that achieves product-market fit rather than diversifying prematurely.
- Ben Workman explains Stretch/SEDA clarity helps target traditional finance investors and real estate allocators with simpler yield narratives.
Actuary Texted About Digital Credit Versus Cold Storage
- Tim Kotzman shared a text from an actuary friend asking why buy digital credit instead of cold storage Bitcoin.
- Tim answered with an asphalt versus jet fuel analogy to illustrate different use-cases and capital allocation.