Robbie Mitchnick is Managing Director and Global Head of Digital Assets at BlackRock — the world's largest asset manager. He led the launch of IBIT, the most successful ETF in Wall Street history. Now BlackRock has launched BITA, a covered call Bitcoin product targeting high teens yield while retaining 70% of Bitcoin's upside.
Bitcoin Treasuries President and The Bitcoin Historian Pete Rizzo joins Tyler Rowe for the full conversation. They cover the IBIT inflow and outflow data, the hodler thesis ($48B of IBIT's $50B drop was Bitcoin's price, not outflows), why Bitcoin's narrative was badly mismanaged, the machine native money thesis, the debt and deficit catalyst, and why BlackRock now says the question isn't whether Bitcoin is too risky — it's whether it's risky not to hold any.
Follow Robbie: https://twitter.com/@RMitchnick Follow Pete: https://twitter.com/@pete_rizzo_
🎟️ Bitcoin Treasuries Conference — September 28, New York City Save 10% on tickets: https://bit.ly/4f1kGV5
CHAPTERS:
00:00 Cold Open
01:48 IBIT 2.5 Years In - Smashing ETF Records
07:15 IBIT Investors Are Hardcore HODLers
08:41 Bitcoin Portfolio Guidance
12:42 Demand For Institutional BTC Exposure
14:01 Bitcoin Yield & Investor Profiles
16:05 Bitcoin ETFs vs Strategy or Strive
17:37 Demand For Derivatives & Volatility
20:54 Onshoring BTC Options Market
22:22 BITA vs STRC, SATA & Digital Credit
23:14 What Robbie Thinks About Saylor's Strategy
24:43 How Larry Fink Evolved On Bitcoin
27:28 BTC Narrative Problems & Debt, Deficit & AI
37:03 BTC Infrastructure Maturity
39:10 BlackRock's Roadmap & Restraint
41:33 Tokenization & The Broader Ecosystem
44:05 When Does Crypto Cross The Chasm?
45:26 Is It Risky To NOT Hold Bitcoin?
47:37 Robbie's Message To The Institutional Skeptics
48:38 Stay Orange
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⚠️ Not financial advice. Do your own research.
🟠 Stay Orange.
