In this episode of Unchained, host Laura Shin interviews Jeff Park, Head of Alpha Strategies at Bitwise, about his "Radical Portfolio Theory," which challenges the traditional 60-40 investment model. Park argues that the traditional model is outdated due to factors like unstable financial foundations, the changing nature of economic growth, and the Triffin Dilemma. He proposes a new model of 60% compliance assets and 40% resistance assets, emphasizing investments in areas outside the traditional financial system, such as Bitcoin, energy, and personal human capital. The conversation also touches on the changing U.S. yield curve and the importance of understanding the interplay between liquidity and energy in investment strategies. Additionally, Steve Ehrlich, executive editor at Unchained, discusses the trend of crypto treasury companies and the potential risks they pose to the industry, drawing parallels to the GBTC collapse in 2022.
