Description
Jim Chanos and Pierre Rochard face off on Bitcoin-native corporates, debating governance, valuation models, capital structure, and whether BTC on the balance sheet adds value or risk.
What you'll learn here:
00:00:00 - Intro
00:01:38 - Why Jim Chanos is short BTC companies but long Bitcoin itself
00:08:37 - Pierre Rochard's view on using corporate debt/equity to acquire BTC
00:11:24 - The risks of NAV premiums and misaligned management incentives
00:18:44 - Whether BTC treasuries offer more than just bull-market beta
00:19:15 - Debate over proper valuation frameworks: NAV vs. cash flow
00:27:30 - Capital structure tools best suited for BTC-native companies
00:30:51 - Could BTC treasuries evolve into financial infrastructure—or stay niche?
00:31:28 - The systemic implications of too many firms holding BTC on balance sheets
00:36:04 - What a “responsible” BTC treasury strategy could look like
Transcript & Guest Info:
https://www.theinvestorspodcast.com/bitcoin-fundamentals/jim-chanos-vs-pierre-rochard-mstr-mnav-debate/
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▶️ Related Episodes:
- Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard: https://youtu.be/-IPcQvkMJIc
- Bitcoin is a Strategic National Necessity w/ Pierre Rochard: https://youtu.be/9VrDimOLN9A
- Bitcoin Treasury Companies w/ James Check 'Checkmate': https://youtu.be/3O3-Udswy5w
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⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
#Bitcoin #MicroStrategy #JimChanos #PierreRochard #BitcoinInvesting