Look For The Helpers | The Hurdle Rate Podcast | Ep. 68

In this week's Hurdle Rate, the crew breaks down the Coldcard self custody exploit and how the Bitcoin community responded to it, before turning to what the event revealed about how few people understood the cryptography they were relying on. We dig into the yen hitting its weakest level in forty years and what a fragile treasury market means for everyone holding dollars, Strategy's decision to sell Bitcoin and build a cash reserve, and the game theory behind buybacks. We close with a deeper look at the traditional capital that is starting to fill gaps this market used to fill on its own. Here's the latest with Tim Kotzman, Matt Cole, Jeff Walton, and Ben Werkman. Timestamps 00:00 - Welcome To The Hurdle Rate 02:03 - The Weekend That Tested Self Custody 03:34 - Look For The Helpers 07:48 - Why A White Hat Could Not Have Saved This 13:11 - A Humbling Event For The Whole Market 17:09 - What People Did Not Understand About Cryptography 20:58 - Bitcoin Recovers From The Drop 23:24 - The Yen At Forty Year Lows 28:38 - Who Actually Buys Treasuries Now 33:48 - Fragile Markets And What Props Them Up 36:42 - Strategy Sells Bitcoin And Builds Reserves 41:33 - The Game Theory Of Buybacks 42:37 - Traditional Capital Fills The Gap 46:38 - What The Clarity Act Would Open Up Follow us on X: https://x.com/HurdleRatePod All episodes now live: https://tnorth.com/shows/hurdle-rate/