How Strategy and STRC Could Build a $100T Bitcoin Financial System with Dan Hillery

<p>Dan Hillery joins me to break down one of the biggest shifts happening in bitcoin right now: the rise of a full Bitcoin-native financial stack.</p> <p>We get into why STRC has become such a breakout product, how Strategy is building layered financial infrastructure on top of Bitcoin, and why products like Buck could expand access to Bitcoin-backed yield around the world.</p> <p>We also cover the long-term drivers of bitcoin’s price, the role of liquidity and credit markets, and why the securitization of Bitcoin may become one of the largest opportunities in global finance.</p> <p>We cover: </p> <p>• Why STRC has found product-market fit </p> <p>• How Strategy is building the Bitcoin risk curve </p> <p>• Why bitcoin-backed credit could reshape fixed income </p> <p>• MSTR as a layer built on top of Bitcoin </p> <p>• How Buck is packaging STRC for global users </p> <p>• Why Bitcoin’s financialization may drive long-term capital inflows </p> <p>• The risks to Strategy’s balance sheet and the broader system </p> <p>• How Dan thinks about Bitcoin allocation, yield, and long-term upside</p> <p><strong>Guest links:</strong> </p> <p>Dan on X → <a href="https://twitter.com/Hillary_">https://twitter.com/Hillery_Dan</a> </p> <p>Buck → <a href="https://buck.io">https://buck.io</a></p> <p>Stack Bitcoin using your home equity → <a href="https://joinhorizon.com">https://joinhorizon.com</a> </p> <p>See your home's Bitcoin potential → <a href="https://joinhorizon.com/calculator">https://joinhorizon.com/calculator</a> </p> <p>Schedule a 1-on-1 consultation → <a href="https://calendly.com/d/cryw-39y-2j4/horizon-consultation">https://calendly.com/d/cryw-39y-2j4/horizon-consultation</a> </p> <p>Follow Joe on X → <a href="https://x.com/JoeConsorti">https://x.com/JoeConsorti</a></p> <p><strong>Chapters:</strong></p> <p>00:00 Intro </p> <p>01:13 Why STRC is such a big deal </p> <p>03:52 Why STRC is succeeding where other preferreds struggled </p> <p>05:29 STRC’s Sharpe ratio and risk-adjusted returns </p> <p>07:38 Private credit, liquidity, and why STRC matters now </p> <p>09:28 Retail vs institutional ownership of STRC </p> <p>11:00 Basel III and Bitcoin risk weighting </p> <p>13:22 How big STRC could get </p> <p>14:52 What Buck is building </p> <p>16:25 Buck’s growth and adoption so far </p> <p>18:00 Why Bitcoin is becoming crypto’s best collateral </p> <p>19:09 What drives Bitcoin long term </p> <p>21:05 Macro, debt, and fiat debasement </p> <p>23:30 How STRC and Strategy drive capital into bitcoin </p> <p>25:38 Why retirees may love STRC </p> <p>29:12 MSTR as Bitcoin’s layer 3 </p> <p>31:50 The future of Bitcoin layer 4 products </p> <p>32:40 What Strategy builds next </p> <p>35:50 How large Strategy’s financial infrastructure can become </p> <p>37:00 The securitization of Bitcoin </p> <p>38:57 Global demand and non-US access </p> <p>40:45 Risks to the flywheel and Strategy’s balance sheet </p> <p>43:34 How Dan thinks about asset allocation </p> <p>46:17 Dan’s lessons from building in public </p> <p>47:44 Twitter, careers, and credibility </p> <p>48:41 At what price Dan would sell all his bitcoin</p> <p><strong>Disclaimer:</strong> </p> <p>Horizon is a technology company that helps users buy and custody their Bitcoin and does not directly provide financial or investment services. Horizon connects homeowners with licensed home equity investment providers but does not act as an agent or broker for the homeowner or any third party. Homeowners should consult their financial, tax, or legal advisor before making any investment decision. For additional information, please refer to our FAQ, terms and conditions, and our preferred providers' websites.</p>