This Credit Card Pays You in BITCOIN | Will Reeves

"I truly think the Bitcoin rewards credit card will be a top three Bitcoin product of all time... It's pure Gresham's law... You are getting to spend bad money on credit and to earn Bitcoin–the hardest money available–and build your savings that way."

On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Will Reeves, CEO of Fold. Fold just opened the waitlist for their BITCOIN REWARDS credit card.
SIGN UP FOR THE FOLD CREDIT CARD WAITLIST HERE: https://foldapp.com/credit-card?r=UZoiP

FOLLOW WILL on X: https://x.com/wlrvs
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Summary

The conversation delves into the integration of Bitcoin rewards with credit systems, highlighting the benefits of using credit cards to accumulate Bitcoin. It discusses the concept of Gresham's law in relation to Bitcoin and the importance of having a comprehensive toolkit for Bitcoin enthusiasts to enhance their savings and spending strategies.

Takeaways

Bitcoin rewards credit systems allow users to earn Bitcoin while spending.
Gresham's law illustrates the dynamics of good vs. bad money.
Using credit cards can facilitate the accumulation of Bitcoin.
The integration of Bitcoin into everyday transactions is essential.
A comprehensive toolkit is necessary for Bitcoin enthusiasts.
Maximizing exposure to Bitcoin can enhance savings strategies.
Credit systems can bridge the gap between Bitcoin and traditional finance.
The hardest money available is Bitcoin, making it a valuable asset.
Understanding the financial tools available can empower users.
The future of finance may heavily involve cryptocurrencies like Bitcoin.

Chapters

00:00 Introduction to Fold's Bitcoin Rewards Credit Card
05:16 The Rise and Fall of Airline Miles
08:15 Dethroning Airline Miles with Bitcoin Rewards
11:10 The New Adoption Funnel for Bitcoin
14:19 Benefits of the Bitcoin Rewards Credit Card
17:19 How Fold Makes Bitcoin Rewards Sustainable
20:19 Fold's Vision for Financial Services
22:53 The Future of Bitcoin Lending
26:03 Fold's Competitive Advantage in the Market
31:54 The Innovator's Dilemma for Traditional Banks
40:41 The Future of Financial Services and Customer Relationships
43:06 Trust in Financial Institutions: Bitcoiners vs. Traditional Banks
46:12 Building a Bitcoin Treasury: Strategies and Advantages
50:44 Going Public: The SPAC Journey and Its Implications
54:07 A New Standard: Bitcoin's Influence on Public Companies
01:00:55 Retail Participation in Bitcoin: Current Trends and Future Outlook
01:06:04 The Fold Credit Card: A Revolutionary Financial Tool

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