In this interview, Jeff Park, Head of Alpha Strategies and Portfolio Manager at Bitwise Asset Management, discusses his "Radical Portfolio" theory, which challenges the traditional 60-40 asset allocation model due to increased correlation between bonds and equities. He advocates for a portfolio comprising "compliance assets" (traditional investments) hedged by "resistance assets" (scarce, non-leveraged assets like physical gold, Bitcoin, and unique art). Jeff emphasizes the importance of scarcity, censorship resistance, and true ownership in retaining value, particularly in an era of financial repression. He also touches on the value of time and energy as components of wealth creation, using professional gambling and sports betting as examples. The conversation further explores Bitcoin's potential as both a risk-on and risk-off asset, the challenges of self-custodial ownership, and the role of Bitcoin ETFs. Jeff shares his insights on altcoins, RWA tokenization, and lessons from his experience as a derivatives trader at Morgan Stanley, and encourages retail investors to learn options trading to better understand risk and probabilistic outcomes.
Sign in to continue reading, translating and more.
Continue
