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Bitcoin "No-Liquidation" Loans💰SALT Interview · The Paul Barron Crypto Show

0:00
Speaker 1: Let's dive into crypto lending today and how you can
0:03
Speaker 1: do it and do it with the best practices. My
0:06
Speaker 1: name is Paul Barrett. Welcome back into the show. I
0:08
Speaker 1: wanted to get into it today. A lot of people
0:10
Speaker 1: have been watching How to Take Loans on your Crypto
0:13
Speaker 1: because one of the best things you kind of concern
0:16
Speaker 1: yourself with is should I take those capital gains? Should
0:18
Speaker 1: I sell my asset? If you're a long term holder,
0:21
Speaker 1: this is one of those ways to basically tap into
0:23
Speaker 1: that wealth. If you look at the current lending protocols
0:27
Speaker 1: out there, this growth has really started to expand over
0:31
Speaker 1: just the last year. Since twenty twenty four, we saw
0:34
Speaker 1: TVL around thirty billion. Now this is of course exploded
0:38
Speaker 1: up to one hundred and twenty seven billion. So the
0:39
Speaker 1: point is is there is a lot of growth in
0:42
Speaker 1: lending as a protocol overall. So we wanted to bring
0:45
Speaker 1: in one of our partners today to kind of dive
0:47
Speaker 1: in a little bit deeper on this, bringing in doctor
0:50
Speaker 1: Hunter Albright coming in from Salt.
0:52
Speaker 2: Great to have you, Hunter, Great to be here, Paul.
0:55
Speaker 1: All right, so let's get into a little bit about Salt.
1:00
Speaker 1: Give our audience a framework of what you guys are
1:02
Speaker 1: trying to do there. How this applies to taking loans
1:06
Speaker 1: on your crypto specifically bitcoin.
1:10
Speaker 3: Yeah, I'd be happy to so. Seawan Owen, who is
1:12
Speaker 3: our current CEO and one of the co founders of Salt,
1:16
Speaker 3: really started this out of a personal need and a
1:19
Speaker 3: personal challenge that he had about twenty fifteen, went to
1:23
Speaker 3: get a loan against a lot of bitcoin and other
1:26
Speaker 3: digital assets that he had accumulated and was declined by
1:31
Speaker 3: a bank in terms of being able to use that
1:34
Speaker 3: those assets as valuable collateral, and that really set him
1:38
Speaker 3: down a journey about establishing SALT and building it and
1:43
Speaker 3: bringing it to the market. And so Salt launched in
1:46
Speaker 3: twenty sixteen and we have ever since then really been
1:50
Speaker 3: working to provide capabilities to help people access the value
1:55
Speaker 3: of the bitcoin and other digital assets that they're accumulating.
2:00
Speaker 1: When you look at building a company around this, obviously,
2:03
Speaker 1: bitcoin and in general crypto lending is brand new to
2:07
Speaker 1: a lot of investors.
2:08
Speaker 2: Maybe they've never thought about it before.
2:11
Speaker 1: It's something that they're starting to kind of venture into
2:14
Speaker 1: because of the exposure we're seeing in the market. But
2:17
Speaker 1: as far as the kind of customers that are doing
2:19
Speaker 1: this now most of the time these are people who
2:22
Speaker 1: are holding bitcoin obviously, but the bigger question is can
2:26
Speaker 1: anyone do this? Is it something for a small investor
2:29
Speaker 1: as well as a medium or a large investor.
2:33
Speaker 3: I really think so, And we're seeing the landscape start
2:36
Speaker 3: to change and really shift. So traditionally, you're right that
2:40
Speaker 3: it's the people that have been born against their digital
2:43
Speaker 3: assets were people that were early into bitcoin and early
2:47
Speaker 3: into the crypto space in general, and they needed a
2:50
Speaker 3: way to tap into the value of their assets, and
2:54
Speaker 3: so they started to pursue loans. As we are seeing
2:57
Speaker 3: greater exposure to the awareness of bitcoin and the value
3:03
Speaker 3: continuing to go up, we're seeing more and more people
3:06
Speaker 3: want to come in as a way of growing their wealth,
3:09
Speaker 3: whether that is an individual or whether that's a business.
3:14
Speaker 3: And the other thing that we're seeing globally is just
3:17
Speaker 3: generally investing in a home is becoming harder, both in
3:22
Speaker 3: terms of the price point as well as in terms
3:25
Speaker 3: of how early you can do it, and so we're
3:27
Speaker 3: seeing a lot of twenty year olds and thirty year
3:29
Speaker 3: olds thinking about, well, if I can't put money into
3:32
Speaker 3: a house, in build wealth and build an asset that way,
3:36
Speaker 3: how else can I do it? And bitcoin is generating
3:40
Speaker 3: a lot of interest as a asset class to build
3:43
Speaker 3: wealth with.
3:45
Speaker 1: Well, let's get you know, something that we talked about
3:47
Speaker 1: earlier in the week is digital assets have kind of
3:50
Speaker 1: become the new American dream. You know, it is the
3:52
Speaker 1: way in which what we will will see in terms
3:55
Speaker 1: of dollar debasement start to make their way in. And
3:58
Speaker 1: of course, the next layer, once you're beyond the idea
4:01
Speaker 1: of an asset going up in price, then the next
4:04
Speaker 1: factory is is how do you actually yield from it?
4:07
Speaker 1: You know, do you go park it in a yield
4:09
Speaker 1: bearing account? Do you take loans against it so you
4:11
Speaker 1: can go out and use it? That's where you guys
4:13
Speaker 1: come in. Talk to me a little bit about I'm
4:15
Speaker 1: looking at your website right now, and one thing you
4:18
Speaker 1: guys do that I think is probably the most unique
4:22
Speaker 1: is Salt Shield.
4:23
Speaker 2: Explain to me.
4:24
Speaker 1: How you do this because this is one of the
4:26
Speaker 1: biggest concerns I think everybody I talk to is they're
4:29
Speaker 1: afraid of liquidation.
4:31
Speaker 2: How does this work with you guys?
4:33
Speaker 3: So, yeah, little me start with a little bit of context,
4:36
Speaker 3: So you know, salt has been working to innovate downside protection,
4:41
Speaker 3: you know, really throughout its journey within the space. And
4:46
Speaker 3: so it initially salt launched a capability that we refer
4:49
Speaker 3: to as stabilization, and this was, you know, at sort
4:54
Speaker 3: of just shy of ninety one percent LTV, which stands
4:57
Speaker 3: for loan to value ratio, assets would be converted into
5:01
Speaker 3: stable coin to assure somebody didn't lose all their value
5:05
Speaker 3: and get liquidated. We're firmly believers that it's your bitcoin,
5:09
Speaker 3: it's your digital assets, and we want to do everything
5:11
Speaker 3: we can to make sure it stays that way. And
5:14
Speaker 3: so one of the natural evolutions from sort of stabilization was, well,
5:18
Speaker 3: how else can we protect people in market volatility and
5:22
Speaker 3: from a downside risk perspective, And that's where salt shield
5:26
Speaker 3: comes from. And essentially what happens when people enroll in
5:29
Speaker 3: salt Shield, it's a fee based program that they can
5:33
Speaker 3: enroll into. They don't have any liquidation call, any liquidation risk.
5:39
Speaker 3: So essentially what happens is the company is then lending
5:43
Speaker 3: bitcoin or assets to meet the meat sort of the
5:47
Speaker 3: final march and call which would have caused liquidation. They
5:50
Speaker 3: still get march and call notices, they still get alerts
5:53
Speaker 3: with sort of the system, but it really takes that
5:56
Speaker 3: sort of disastrous result or implication and out of the
6:01
Speaker 3: equation for people when they're enrolled.
6:03
Speaker 1: How far down that rabbit hole do you go? Give
6:07
Speaker 1: me an example. Is there a limit in which you
6:10
Speaker 1: guys will backstop that to avoid the you know, the
6:14
Speaker 1: potential liquidation.
6:17
Speaker 3: So we are building reserves, and we have other investment
6:21
Speaker 3: accounts and investors that build up a reserve to be
6:26
Speaker 3: able to meet the need. The way the product is
6:29
Speaker 3: structured today is that the protection is for till the
6:33
Speaker 3: maturity data the loan, and once the maturity the data
6:36
Speaker 3: the loan happens, we do then look to reset the
6:40
Speaker 3: assets that are in the account and re re establish
6:43
Speaker 3: the loan within sort of certain criteria.
6:46
Speaker 2: Gotcha, all right?
6:47
Speaker 1: Talk to me a little about how you guys are
6:49
Speaker 1: different than some of the traditional ones out there. An
6:52
Speaker 1: example that I'll give you.
6:53
Speaker 2: Is Morpho Morpho.
6:55
Speaker 1: Of course, the one thing I don't like about it
6:57
Speaker 1: is when you're taking a loan within Morpho, you're exiting
7:01
Speaker 1: into USDC and right now Coinbase doesn't allow you to
7:05
Speaker 1: just re enter the market into it. I just want
7:07
Speaker 1: to go buy bitcoin again, you know. So how is
7:10
Speaker 1: that different for you guys. Do you guys care what
7:12
Speaker 1: I do with the proceeds? Is there any kind of requirements,
7:16
Speaker 1: any kind of hoops I have to jump through?
7:18
Speaker 3: No, we allow people to get the cash in either USD,
7:23
Speaker 3: USDC or USDT in terms of how you get your
7:27
Speaker 3: loan proceeds today, and we have no requirements on what
7:31
Speaker 3: the use of those proceeds are applied to. What we
7:35
Speaker 3: typically see is three predominant use cases. So a lot
7:38
Speaker 3: of our customers will use the proceeds just to live life,
7:42
Speaker 3: to pay for things that occur in their life, whether
7:44
Speaker 3: the it's a trip, whether it's an emergency expense. We
7:48
Speaker 3: have had a customer use the funds to adopt a child,
7:53
Speaker 3: and so it really is just, hey, I've accumulated all
7:56
Speaker 3: this value, how do I tap into it? From an
7:59
Speaker 3: individual side, and then from a business side, we see
8:03
Speaker 3: people using it as a corporate reserve to smooth out
8:07
Speaker 3: cash flows and to invest in additional or capital assets
8:12
Speaker 3: to help grow their business. The other two use cases
8:16
Speaker 3: that are becoming more prominent. One is around income replacement,
8:20
Speaker 3: So we're seeing people borrow against their bitcoin to effectively
8:23
Speaker 3: retire on bitcoin or supplement their income. So they can
8:27
Speaker 3: decrease the amount that they're working. And then the third
8:30
Speaker 3: use set of use cases is really for further investment
8:34
Speaker 3: and growth opportunities, where people are now understanding I can
8:38
Speaker 3: borrow against my bitcoin in sort of a tax efficient way.
8:42
Speaker 3: I can then choose to use those proceeds to maybe
8:45
Speaker 3: go invest in other dividend producing assets or a diversification
8:50
Speaker 3: of assets so that I can have a more complete portfolio.
8:54
Speaker 1: So you guys, of course, I'm looking now at your site.
8:57
Speaker 1: This is on the business tab right here, so powering
9:00
Speaker 1: your business, and there was quite a few options here
9:03
Speaker 1: in terms of what you can do with it. And
9:06
Speaker 1: I think this is kind of the interesting thing for
9:08
Speaker 1: me because you know, we have this is something we
9:11
Speaker 1: do here in South Florida. We have a kind of
9:13
Speaker 1: a seminar that we do for local businesses and I
9:16
Speaker 1: introduced this the last time I was doing the seminar,
9:20
Speaker 1: and it blew their minds that you could actually do
9:23
Speaker 1: this with a business setup. So is there anything special
9:27
Speaker 1: that they have to do? If a business says, hey,
9:29
Speaker 1: I own ten bitcoin, I want to come in and
9:32
Speaker 1: loan against it, what's the process? Is it as easy
9:35
Speaker 1: as it is on the personal side it is.
9:38
Speaker 3: They have to just go through the KYC process for
9:41
Speaker 3: a business to set up a business account, but they'll
9:44
Speaker 3: transfer the collateral to Assault account, to Assault wallet and
9:48
Speaker 3: then they can borrow against it as you would as
9:50
Speaker 3: an individual. And you know, what we're seeing is a
9:54
Speaker 3: lot of interest, especially from small and medium sized businesses,
9:58
Speaker 3: about how they can really daily cost average their way
10:02
Speaker 3: into bitcoin and other digital assets as a way of
10:06
Speaker 3: financial stability and financial flexibility. Like a lot of the
10:10
Speaker 3: treasury management companies are catching the limeline in terms of
10:14
Speaker 3: the metaplanets and the strategy bs of the world, But
10:18
Speaker 3: I think that there is a real great lever for
10:20
Speaker 3: small and medium sized businesses to think about really putting
10:25
Speaker 3: a lot of capital flexibility into their businesses through investing
10:30
Speaker 3: and purchasing of bitcoin and other digital assets so that
10:33
Speaker 3: they don't have to rely on regional banks and going
10:36
Speaker 3: through loan application processes.
10:38
Speaker 1: Yeah, Hunter, well that's a good point, because I think
10:41
Speaker 1: this is something that businesses are now starting to realize.
10:44
Speaker 1: Do you think we are at that phase now with
10:46
Speaker 1: obviously the Genius Act coming into play, most likely we're
10:50
Speaker 1: going to get market clarity this year as well. Do
10:53
Speaker 1: you think businesses are finally at the stage where they're
10:55
Speaker 1: going to start putting more bitcoin and other digital assets
10:58
Speaker 1: on their treasury.
11:00
Speaker 3: I think so. I mean, one of the things that
11:02
Speaker 3: excites me the most about bitcoin in particular is I
11:06
Speaker 3: believe that bitcoin and the tools being built around it
11:10
Speaker 3: is really democratizing wealth creation. And that's like and what
11:14
Speaker 3: I mean by that, it's taking a lot of the
11:16
Speaker 3: strategies and tactics that the ultra wealthy have used and
11:19
Speaker 3: their businesses that they have owned, and making it available
11:23
Speaker 3: to anybody above a certain amount. So we have minimum
11:26
Speaker 3: loan size of ten to that ten five to ten
11:29
Speaker 3: thousand dollars depending on the jurisdiction, especially in the United States,
11:33
Speaker 3: and so it's not a huge hurdle to get over
11:37
Speaker 3: and then you're able to build up that sort of
11:40
Speaker 3: financial reserve to accomplish your objectives, whatever they may be.
11:46
Speaker 3: And so whether that is just to make a purchase,
11:49
Speaker 3: whether it's to do an income supplement or make an
11:51
Speaker 3: additional investment. I think that capability for both, as we
11:56
Speaker 3: were touched on earlier, right for people that are finding
11:59
Speaker 3: those options maybe fewer and far between from a traditional
12:02
Speaker 3: perspective as well as from a business perspective. I think
12:05
Speaker 3: we'll create more Hopefully we'll create more resiliency and flexibility
12:10
Speaker 3: as people start to understand the asset class.
12:13
Speaker 1: What has been the experience you guys have had with
12:16
Speaker 1: the way that because I'm sure everybody wants to do
12:18
Speaker 1: it differently, But how do you maintenance alone? Let's just
12:22
Speaker 1: we'll just use a round number. It's one hundred K bitcoin.
12:25
Speaker 1: You know, I go take a loan on that. My
12:27
Speaker 1: TVL let's say, is around sixty percent. I know you
12:31
Speaker 1: guys up and go up to seventy. But if I
12:33
Speaker 1: go in at a sixty percent, so that's a sixty
12:35
Speaker 1: K loan, how do I maintenance that loan over time?
12:39
Speaker 3: So we have a couple different options in terms of
12:41
Speaker 3: how the loans can get structured. We have a we
12:44
Speaker 3: have a finance interest product where the interest payments can
12:47
Speaker 3: be bundled into into the loan and so.
12:51
Speaker 2: You've based to accelerate the value.
12:54
Speaker 3: And the bitcoin stays well, it's for a fixed period, right,
12:58
Speaker 3: So if you have one hundred if you have a
12:59
Speaker 3: sixty thousand dollars loan, and let's say it's at ten percent,
13:02
Speaker 3: you'd be six thousand dollars worth of interest that would
13:05
Speaker 3: be bundled into the principal amount, but it basically gives
13:09
Speaker 3: you flexibility. You don't have to make any monthly payments
13:11
Speaker 3: at that point and you just have to meet the
13:14
Speaker 3: margin calls a. We have an interest only option where
13:17
Speaker 3: you just pay your interest payments monthly, and then we
13:19
Speaker 3: have an option for principal and interest, and some of
13:22
Speaker 3: those choices are jurisdictionally driven as well, like certain jurisdictions
13:27
Speaker 3: mandate one or the other or exclude one or the
13:30
Speaker 3: other in terms of a customer's choice, But that's sort
13:34
Speaker 3: of the standard loan structure. And then for there the
13:39
Speaker 3: customer really gets put in control in terms of what
13:41
Speaker 3: is the LTV that you want to how much do
13:45
Speaker 3: you want to sort of borrow against the value r
13:47
Speaker 3: bitcoin And we go up to as you were mentioned,
13:49
Speaker 3: we go up to seventy percent loan to value ratio.
13:53
Speaker 3: But we have a lot of customers that stay down
13:55
Speaker 3: in the twenty percent thirty percent LTV range because that
14:00
Speaker 3: fits their risk profile. And so some of the education
14:03
Speaker 3: that we do when customers on board is help them
14:06
Speaker 3: understand how LTV can be used as a tool to
14:11
Speaker 3: manage their risk and how much they need to be
14:14
Speaker 3: staying on top of sort of the margin call process,
14:18
Speaker 3: and that changes for people depending on how much cash
14:22
Speaker 3: reserves or other assets they may be able to bring
14:25
Speaker 3: to bear if needed.
14:27
Speaker 1: So, okay, well let's talk about that because we have
14:31
Speaker 1: a lot of audience that owns bitcoins, they have some ethereum,
14:33
Speaker 1: they have XRP, they might have Salona, whatever it might be.
14:37
Speaker 1: Is there any plan in the future with salt to
14:40
Speaker 1: be able to incorporate other digital assets?
14:43
Speaker 3: So we do. So we have we allow people to
14:46
Speaker 3: have a portfolio of assets as collateral against a single loan.
14:50
Speaker 3: So you can have a theorum, you can have bitcoin,
14:53
Speaker 3: you can have stable coin and borrow against it. In fact,
14:56
Speaker 3: we have a lot of people that add stable coin
14:58
Speaker 3: into their collatter mix to help take out some of
15:02
Speaker 3: the volatility of bitcoin. Say, for example, interesting, okay, so
15:07
Speaker 3: you could you could have one hundred thousand dollars worth
15:09
Speaker 3: of bitcoin plus thirty thousand dollars worth a stable coin
15:13
Speaker 3: in your collateral wallet to be able to then borrow
15:17
Speaker 3: against one hundred and thirty thousand dollars worth of collateral value.
15:22
Speaker 3: But the effective, the effective, the impact of that is
15:26
Speaker 3: that takes out some of the volatility of bitcoin.
15:29
Speaker 2: Yeah, for sure.
15:30
Speaker 1: Well, and I think you know, as we see markets dip,
15:32
Speaker 1: this is typically where you see smart investors go, wait
15:36
Speaker 1: a minute, I'm going to go in and buy this.
15:37
Speaker 1: Dip utilizes that the as the market starts to accelerate,
15:41
Speaker 1: up pocketed into a loan, you know, utility, and then
15:45
Speaker 1: lend against that in the future and arbitrage into the market.
15:48
Speaker 1: So it's definitely a simple way to go that route.
15:52
Speaker 1: My question is when you look at the amount of
15:55
Speaker 1: opportunity that is here and someone parking Let's just use
15:59
Speaker 1: big coin as the example.
16:01
Speaker 2: We'll go back to ten bitcoin.
16:03
Speaker 1: I know that's a lot of guys, but you know,
16:05
Speaker 1: just in general, you can put that down into one
16:08
Speaker 1: whatever you want to kind of base that, and you've
16:11
Speaker 1: got to let's say you only go a thirty LTV
16:13
Speaker 1: thirty percent is all I'm loaning against one hundred that
16:16
Speaker 1: we'll just use one hundred thousand bitcoin. What happens to
16:19
Speaker 1: the rest of that asset class that's there? Can I
16:23
Speaker 1: use that for something else down the road?
16:27
Speaker 2: Is it going to be.
16:27
Speaker 1: Parked in there all the time waiting for me to
16:30
Speaker 1: lend or pay out of it? What's the mechanism that
16:33
Speaker 1: I can do within the Salt platform to kind of
16:35
Speaker 1: manage that.
16:36
Speaker 3: So within the Salt platform, it's in when it's against
16:39
Speaker 3: the loan, it is in your collateral count against the loan,
16:42
Speaker 3: and it is there sort of backing up the loan.
16:44
Speaker 3: Now you could refinance your loan and take additional cash out.
16:48
Speaker 3: We have a lot of customers that look at it
16:50
Speaker 3: almost treat sort of that that untapped sort of cash potential.
16:56
Speaker 2: As a line of credit, line of credit.
16:58
Speaker 3: So will they will cust essentially custody their bitcoin with
17:03
Speaker 3: us and borrow against what they need, but then continue
17:05
Speaker 3: to draw down on it as they have other needs
17:08
Speaker 3: as they go forward. We also have a product called
17:13
Speaker 3: lend where if you wanted to move some if you're
17:16
Speaker 3: an accredit investor, you can move some of that ten
17:19
Speaker 3: bitcoin that you don't need against your loan into a
17:23
Speaker 3: lend account and earn a yield on the bitcoin.
17:27
Speaker 1: Okay, all right, so that's is that available right now?
17:31
Speaker 1: That's I'm looking at your website. Is that available or
17:35
Speaker 1: is that done with private clients? How's that done?
17:38
Speaker 3: Is done with private? You have to be an accredited
17:40
Speaker 3: investor to be able to use that product, but it
17:42
Speaker 3: is available on the platform.
17:44
Speaker 2: Okay. Interesting?
17:45
Speaker 1: So okay, So I know you guys are crafting a
17:48
Speaker 1: book right now that is talking about kind of this
17:51
Speaker 1: next evolution of finance, and we're really you know, we
17:55
Speaker 1: kind of touched on it there for a minute in
17:57
Speaker 1: the sense of people looking at digital assets is really
17:59
Speaker 1: kind of new, you know, American dream or global dream.
18:03
Speaker 2: Now, what are you.
18:04
Speaker 1: Guys finding in your discovery of getting this book out
18:08
Speaker 1: that's making you even more bullish on where this market
18:11
Speaker 1: is going?
18:13
Speaker 3: Well, I'm you know, really excited. I just got back
18:15
Speaker 3: from speaking at Bitcoin Asia, which was in Hong Kong
18:19
Speaker 3: last week, and I mean there were over twenty thousand
18:23
Speaker 3: people that came to the show. Wow, and it was
18:26
Speaker 3: it was just fantastic to see the level of interest
18:28
Speaker 3: in sort of the Asia Pacific region. I was able
18:32
Speaker 3: to have conversations with people from Singapore, from Hong Kong,
18:35
Speaker 3: from mainland China, from Malaysia, in Vietnam, and just a
18:40
Speaker 3: range of countries in the interest level of how how
18:46
Speaker 3: can I use bitcoin to build wealth? A lot of
18:48
Speaker 3: the you know, a lot of the individuals I spoke with,
18:51
Speaker 3: they don't have a lot of confidence in their national
18:53
Speaker 3: stock markets. As we talked to, you know, the the
18:57
Speaker 3: hurdle to buying a house in some of those countries
19:00
Speaker 3: is even more or even higher than what it is
19:02
Speaker 3: in the United States. I think the average age of
19:04
Speaker 3: first time home ownership in Hong Kong, for example, is
19:08
Speaker 3: forty wow. So you know, there's a lot of wealth
19:13
Speaker 3: that is looking to say, well, where can I put
19:15
Speaker 3: it to have sort of flexibility with it, to have
19:19
Speaker 3: sort of appreciation opportunities. And the other element is like
19:23
Speaker 3: where it's protected. You know, Sean and I, as we've
19:26
Speaker 3: been thinking about the bitcoin and sort of what is
19:28
Speaker 3: the bitcoin advantage, There's been three words that have really
19:31
Speaker 3: come to mind. One is, you know, one is sort
19:35
Speaker 3: of protect right, So how do people protect their assets
19:39
Speaker 3: in terms of, you know, being able to buy into
19:43
Speaker 3: it when they want to buy into it, not having
19:44
Speaker 3: it taken away, being able to send it where they
19:47
Speaker 3: want to send it. The second one is preserved. They
19:50
Speaker 3: want to preserve the value, so they want to have
19:52
Speaker 3: an asset class and an investment opportunity that fights inflation.
19:57
Speaker 3: And then the third one is prosper and people want
20:00
Speaker 3: to be able to build up the wealth and borrow
20:02
Speaker 3: against it as they do with home equity lines of
20:04
Speaker 3: credit and not have to sell and give up the
20:07
Speaker 3: future upside. And you know, as we talked about, I
20:09
Speaker 3: think bitcoin as an asset class, especially with more and
20:13
Speaker 3: more countries and larger corporates coming into the ecosystem, is
20:19
Speaker 3: helping one raise the awareness but also raise the stability
20:23
Speaker 3: and the value of the asset class as a whole.
20:26
Speaker 1: Yeah, I think we are going to see an evolution
20:29
Speaker 1: in this. We're obviously leaning against you, you know, your assets.
20:34
Speaker 1: It's not new. This is something that's been around for ages.
20:36
Speaker 1: It's how the wealthy accrue wealth. And if you're going
20:40
Speaker 1: into asset classes that are doing what we're seeing right
20:43
Speaker 1: now in digital assets, and that is going up, and
20:45
Speaker 1: especially as you look at dollar debasement. You know, we
20:48
Speaker 1: just saw the FED numbers continue to see job decline.
20:51
Speaker 1: Credit is at an all time high. These are issues
20:54
Speaker 1: that are really going to start what I think is
20:56
Speaker 1: going to be a problem with hyperinflation, which is only
20:59
Speaker 1: going to push these digital assets higher. So I think
21:02
Speaker 1: if anybody's looking at it, now is the time to
21:04
Speaker 1: kind of go into that hunter. It's been good having
21:06
Speaker 1: you on. If you guys want to learn a little
21:07
Speaker 1: bit more about what salt is doing. Just go over
21:09
Speaker 1: salt lending dot com. We'll leave a link down in
21:12
Speaker 1: the description and you guys can start your journey over there.
21:15
Speaker 1: And good going, but thanks for coming in. We appreciate it.
21:18
Speaker 3: Yeah, Paul, it's been a pleasure and one thing to
21:20
Speaker 3: add if people want to go learn more, they can
21:22
Speaker 3: go to salt Lending dot com, forward slash PBN. We
21:26
Speaker 3: have additional resources there about how to live a bitcoin
21:30
Speaker 3: powered life and special offers for listeners of your show.
21:35
Speaker 2: Perfect. Let me just see if I can bring that
21:36
Speaker 2: up real quick. I didn't know you had got there
21:38
Speaker 2: it is? How about that?
21:39
Speaker 1: Okay, you've got our Well, there you go, guys. We'll
21:42
Speaker 1: leave this link down in the link below so you
21:46
Speaker 1: guys can jump in right there and of course unlock
21:49
Speaker 1: some special offers there from salt Lending.
21:51
Speaker 2: But we appreciate it. Hey, Hunter, is good seeing you.
21:53
Speaker 1: I'm going to get you back on because I have
21:55
Speaker 1: some deeper questions on strategies around bitcoin lending in general,
22:00
Speaker 1: because there's so many ways you can do this, and
22:02
Speaker 1: I want to get you guys' opinion on that.
22:04
Speaker 3: Okay, now we'd look forward to it, all right.
22:07
Speaker 2: Man, thanks a lot, appreciate it all right, now are
22:09
Speaker 2: you guys? Are you guys?
22:11
Speaker 1: If you are not in the Diamond circle, this is
22:13
Speaker 1: the place to be. It is our own private member group.
22:16
Speaker 1: It's absolutely free to join. And the cool thing there
22:19
Speaker 1: is you get our Baron Market Edge email. It is
22:22
Speaker 1: my personal email out to you guys. We do a
22:24
Speaker 1: lot of analysis on the market. It's a lot of research,
22:27
Speaker 1: some of our own data around the tools that we
22:29
Speaker 1: use to track some of these assets. So I have
22:32
Speaker 1: to hit the link down below and of course follow
22:34
Speaker 1: me out there on x at Paul Baron. We'll catch
22:36
Speaker 1: you next time right here on the Paul Baron Show.