Free Daily Podcast Summary
The Hurdle Rate Podcast: Daily Summaries Delivered
by thehurdleratepod
Join Matt, Ben, Jeff, and Tim for an entertaining and informative weekly podcast cutting through conventional wisdom on Bitcoin, investing, and macroeconomics. This forward-thinking team delivers unique perspectives and innovative insights that challenge mainstream financial narratives, empowering listeners to make more independent decisions for their corporate or personal financial lives. Is Bitcoin your hurdle rate?
Latest Episodes
The most recent episodes — sign up to get AI-powered summaries of each one.
- Today59 min
Why Your Savings Keep Shrinking | Ep. 81
In this week’s Hurdle Rate, the crew breaks down a whipsaw week across markets, record AI capital raising, and why confusion has never been higher even as the Bitcoin gold chart looks bullish. They also discuss escaping the fiat mindset, why Bitcoin’s returns could follow an S-curve as the debt crisis worsens, and what Paraguay’s bank run says about fiat risk. The episode closes on how digital credit stacks up against the S&P 500, the Thanksgiving pitch for SATA and SATS, and Ben’s framework for Bitcoin yield. Here’s the latest with Matt Cole, Jeff Walton, Ben Werkman, and Tim Kotzman. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - Intro 01:21 - A Whipsaw Week For Markets 04:22 - Confusion Has Never Been Higher 07:55 - Everyone Needs Capital 10:55 - Escaping The Fiat Mindset 20:27 - The Paraguay Bank Run 25:28 - Valuing The Future, Not Today 28:04 - Built For Institutional Mandates 32:07 - Digital Credit Vs. The S&P 36:25 - The Thanksgiving Pitch 45:05 - Rethinking Bitcoin Yield 52:51 - Art Over Algorithms True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- 1 weeks ago52 min
Debt Crisis Is Accelerating | The Hurdle Rate Podcast | Ep. 80
In this week’s Hurdle Rate, the crew breaks down the $6 billion Binance hack, Triple C spreads blowing out, and why digital credit spreads may compress against junk debt. They also discuss what Fannie Mae preferreds teach about underwriting dividends, why both the gross and claims-adjusted mNAV metrics break down, and how to value a Bitcoin balance sheet as a stream of future cash flows. The episode closes on the ATM narrative and why ASST trades like perpetual leverage on Bitcoin. Here’s the latest with Matt Cole, Jeff Walton, Ben Werkman, and Tim Kotzman. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - Intro 00:52 - The Binance Hack 02:57 - Triple C Spreads Blow Out 11:02 - Bitcoin Still Seen As Risk 14:30 - Digital Credit Spreads Will Compress 18:41 - The Fannie Mae Preferred Lesson 23:22 - Rethinking mNAV 33:00 - Premium Or Discount? 35:36 - Breaking Both Valuation Models 42:17 - The ATM Narrative Is Wrong 46:39 - Perpetual Leverage On Bitcoin True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- 2 weeks ago1h 2m
Biggest Bitcoin Buy | The Hurdle Rate Podcast | Ep. 79
In this week’s Hurdle Rate, the crew breaks down Strive’s largest Bitcoin purchase ever, 6,182 BTC that brings total holdings to 43,000, plus the new $1 billion SATS ATM and hitting the 61% amplification target. They also discuss SpaceX’s $40 billion off balance sheet GPU deal, why perpetual digital credit backed by Bitcoin beats time-bound chip financing, and whether capital is the last moat in an AI world. The episode closes on the future of income and why risk may be mispriced across Bitcoin balance sheets. Here’s the latest with Jeff Walton, Ben Werkman, Joe Burnett, Adam Livingston, and Tim Kotzman. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - Intro 01:39 - 43,000 BTC And The SATS ATM 04:41 - Our Largest Bitcoin Buy Ever 10:35 - Engineering Amplified Bitcoin 14:25 - Is The Bear Market Over? 21:49 - Inside SpaceX’s $40B GPU Deal 26:57 - GPUs Vs. Bitcoin As Collateral 31:29 - Why Perpetual Beats Time Bound 39:08 - Is Capital The Last Moat? 51:25 - Will AI Labs Hold Bitcoin? 56:05 - The Future Of Income 01:00:27 - Risk Is Mispriced True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- 3 weeks ago1h 12m
Bitcoin Fell, We Grew 6x | The Hurdle Rate Podcast | Ep. 78
In this week’s Hurdle Rate, the crew breaks down the $700 million SATS IPO, Strive’s first year as a public company, and growing from 5,886 to 36,818 Bitcoin through a bear market. They also discuss why SATS is a 15% fixed rate preferred junior to SATA, how the amplification engine was built, and what TradFi investors asked during a high yield selloff. The episode closes on the digital credit bubble and why Strive’s 18-month dividend reserve is stronger than it looks. Here’s the latest with Matt Cole, Jeff Walton, Ben Werkman, Joe Burnett, and Adam Livingston. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - Intro 00:54 - Strive’s First Year 06:58 - 6x the Bitcoin in a Bear Market 14:40 - The Amplification Engine 22:18 - The Dream Bear Market 25:22 - Why SATS Is 15% Fixed 34:32 - Designing SATS 42:27 - Treasury Breakeven ARR 46:40 - The Digital Credit Bubble 55:54 - Pricing Through a High Yield Selloff 01:01:13 - What’s Your LTV? 01:06:30 - The 18-Month Dividend Reserve True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- Oct 6, 20261h 1m
Bitcoin Is Cheap. Amplify Now. | The Hurdle Rate Podcast | Ep. 77
In this week's Hurdle Rate, the crew breaks down Strive's latest 2,000 Bitcoin purchase, a Q3 that delivered a 99% total return, and the new $500 million SATA repurchase facility. They also discuss the goal of pushing amplification above 60% while Bitcoin is under $100K, why the market is too focused on the downside, and why US capital markets are the major leagues. The episode closes with a recap of the Bitcoin Treasuries Conference and why Luke Gromen's "paper gold" comparison doesn't fit digital credit. Here's the latest with Matt Cole, Jeff Walton, Adam Livingston, and Tim Kotzman. Timestamps: 00:00 - Intro 01:42 - Strive's Q3: 99% Total Return 07:56 - The $500M SATA Repurchase Facility 09:47 - Targeting 60% Amplification 11:23 - Managing Downside Risk 19:02 - Stop Fearing the Downside 25:43 - Think Bigger 32:58 - Why US Capital Markets Win 40:26 - Bitcoin Treasuries Conference Recap 47:11 - Bitcoiners vs. TradFi 53:47 - Luke Gromen's Digital Credit Confusion True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- Sep 29, 202628 min
All In On Bitcoin | The Hurdle Rate Podcast LIVE | Ep. 76
The Hurdle Rate goes LIVE at the Bitcoin Treasuries Conference in New York, back where the Strive and Semler deal started a year ago. The panel looks back on that deal, which brought the two companies' roughly 6,000 and 5,000 Bitcoin together, and explains why getting bigger was what made SATA possible. Matt explains the game theory behind SATA's daily dividend now that Strategy is following suit, and why the two companies are playing different games. The panel also covers why Strive is aiming for total returns rather than Sharpe ratio, Matt's call for $500K Bitcoin by 2030, and what comes next for Bitcoin balance sheet companies. Here's the latest with Matt Cole, Jeff Walton, Ben Werkman, and Joe Burnett. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - One Year Since Semler 05:25 - The Game Theory of Daily Dividends 12:18 - Strategy Follows Suit 16:28 - Why Amplification Matters 23:43 - The Future of Bitcoin Balance Sheets True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- Sep 22, 202655 min
Growing Trust Grows Liquidity | The Hurdle Rate Podcast | Ep. 75
In this week's Hurdle Rate, the crew breaks down Strive's latest 1,355 Bitcoin purchase, Bitcoin's breakout, and why short-term traders may miss the move. They also discuss how digital credit could reshape the next bull market, why liquidity is the clearest measure of trust, and what Michael Saylor and Warren Buffett teach about building balance-sheet companies. The episode closes on the affordability crisis and why Bitcoin may be the new American dream. Here's the latest with Matt Cole, Jeff Walton, Ben Werkman, and Tim Kotzman. Timestamps: 00:00 - Intro 02:40 - Strive's Balance Sheet Growth 06:13 - Bitcoin's Breakout 08:23 - Warrants and Short-Term Trading 13:38 - Zoom Out and Stay in the Game 21:31 - Digital Credit Changes the Bull Run 23:09 - SATA Volume and 75 Dividends 26:00 - Liquidity Is Trust 32:03 - Why Digital Credit Isn't for Everyone 37:20 - Building Strategy's Liquidity Engine 41:49 - Lessons From Saylor and Buffett 50:04 - The Return of Balance Sheet Companies 51:45 - Affordability and Bitcoin True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
- Sep 15, 20261h 6m
Podcasters Per Share | The Hurdle Rate Podcast | Ep. 74
This week on The Hurdle Rate: Adam Livingston joins Strive as VP of Investments, Strategy buys back $139 million of STRC with stretch back near 99, and Strive adds 469 Bitcoin at an average cost of $77,954 while hitting an all-time high market cap of $2.75 billion. Jeff makes the case that trust is the real infrastructure of capital markets, and why Bitcoin makes that trust legible. We get into the Clarity Act, AI doomerism, and why the crew thinks the frontier labs are using fear to build a moat ahead of their IPOs. Matt takes macro with the 10-year touching 5%, what a short-term Bitcoin flush would actually look like, and why it would be the dream setup. We close with a capital markets recap and Strive's one-year anniversary. Here's the latest with Matt Cole, Jeff Walton, Ben Werkman, Adam Livingston, and Tim Kotzman. Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/ Timestamps: 00:00 - Intro 01:17 - Adam Livingston Joins Strive 08:52 - Trust as Capital Markets Infrastructure 19:48 - The Amplified Bitcoin Story and SATA 22:44 - Building Through the Bear Market 24:54 - An Outsider's View of Strive 28:35 - The Clarity Act and Regulatory Trust 36:23 - AI Doomerism and the Messy Middle 45:03 - Don't Let the Ladder Get Pulled Up 51:28 - Macro: The 10-Year Touches 5% 55:27 - What a Bitcoin Flush Would Look Like 1:01:46 - Capital Markets Recap True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at [www.sec.gov](http://www.sec.gov).* Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.
Get The Hurdle Rate Podcast summaries in your inbox
Free AI-powered daily recaps. Key takeaways, quotes, and mentions — in a 5-minute read.
Get Free Summaries →Free forever for up to 3 podcasts. No credit card required.
You Might Also Like
Listeners also like.
BTC Sessions
Weekly Bitcoin news and panel discussions with global contributors exploring why they remain bullish on the cryptocurrency.
Financial Heresy
Joe Brown explains how the financial system works and shares investment strategies for building wealth in uncertain economic times.
How to Money
Two friends break down personal finance topics like debt payoff and investing in simple, practical terms for everyday listeners.
Money Hungry
Wealth-building strategies and financial planning for high-income professionals seeking long-term financial independence.
The Paul Barron Crypto Show
Explores cryptocurrency, blockchain, DeFi, Web3, and crypto regulation with analysis on market trends and digital finance.
Rich Habits Podcast
A practical guide to building wealth through personal finance, investing, and entrepreneurship, based on real-life money habits.
The Compound and Friends
Expert analysis and candid discussions on business and investing trends with a rotating panel of financial professionals.
The Coin Bureau Podcast: Crypto Without the Hype
Exploring cryptocurrency topics with educational insights and balanced analysis, free from hype and speculation.
Bloomberg Money
iHeartPodcasts
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Analyzes the investment strategies of billionaire investors and explores lessons from legendary financiers on wealth, wisdom, and life.
Thoughtful Money with Adam Taggart
Expert advice on wealth-building and financial markets, hosted by Adam Taggart.
The Pomp Podcast
Discusses business, finance, and Bitcoin with influential figures and cultural icons.
About The Hurdle Rate Podcast
Join Matt, Ben, Jeff, and Tim for an entertaining and informative weekly podcast cutting through conventional wisdom on Bitcoin, investing, and macroeconomics. This forward-thinking team delivers unique perspectives and innovative insights that challenge mainstream financial narratives, empowering listeners to make more independent decisions for their corporate or personal financial lives. Is Bitcoin your hurdle rate?
Customized Recaps
AI-powered recaps with compact key takeaways, quotes, and insights.
Straight to Your Inbox
Get key takeaways from The Hurdle Rate Podcast in a 5-minute read.
Save Hours Every Week
Stay current on your favorite podcasts without falling behind.
Frequently Asked Questions
What is Podzilla's The Hurdle Rate Podcast daily summary?
It's a free AI-powered email that summarizes new episodes of The Hurdle Rate Podcast as soon as they're published. You get the key takeaways, notable quotes, and links & mentions — all in a quick read.
How does the The Hurdle Rate Podcast podcast summary work?
When a new episode drops, our AI transcribes and analyzes it, then generates a personalized summary tailored to your interests and profession. It's delivered to your inbox every morning.
Is this an official The Hurdle Rate Podcast product?
No. Podzilla is an independent service that summarizes publicly available podcast content. We're not affiliated with or endorsed by thehurdleratepod.
Can I get summaries of other podcasts too?
Absolutely! The free plan covers up to 3 podcasts, any in the catalog. Basic raises that to 15, Pro to 40 and Max to 100. Browse our full catalog at /podcasts.
How often does The Hurdle Rate Podcast release new episodes?
The Hurdle Rate Podcast publishes weekly. Our AI generates a summary within hours of each new episode.
What topics does The Hurdle Rate Podcast cover?
The Hurdle Rate Podcast covers topics including Business, Investing. Our AI identifies the specific themes in each episode and highlights what matters most to you.
Start getting The Hurdle Rate Podcast summaries tomorrow morning.
Free forever for up to 3 podcasts. No credit card required.
Free forever for up to 3 podcasts. No credit card required.