This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Michael Moro. He is the CEO of Genesis Global Trading.

In this conversation, we discuss why corporations are putting bitcoin on their balance sheets, how they execute the transactions, what the accounting considerations are, and how this trend will evolve in the future.

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Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:

00:00 - Intro
00:24 - Overview of Genesis
01:08 - Impact of macroeconomic trends
03:11 - Treasury strategies
04:48 - Yield on bitcoin
07:07 - Why corporations should have bitcoin exposure
09:05 - Who's buying?
11:46 - Types of companies buying bitcoin
13:33 - Public vs Private companies
15:16 - What makes bitcoin exposure worthwhile?
16:55 - Are companies dropping gold?
21:30 - Buying large amounts of BTC without moving the market
22:49 - Costs
25:23 - Privacy
26:56 - Security
29:47 - Regulation
33:48 - How many calls result in companies buying bitcoin
35:46 - How many companies are using debt to buy BTC?
36:52 - GAAP accounting challenges
38:44 - University Foundation interest
39:32 - Price impact of corporations buying BTC
40:43 - Reacting to price volatility
42:00 - Outlook for bitcoin ETF
45:14 - Will brokerages offer bitcoin exposure?
46:53 - ESG questions
49:27 - Helping miners
50:29 - How demographics will affect government's view of BTC