What podcasts say about Eric Belchunis
Every statement, with the speaker, the exact quote and the moment it was said.
What Eric Belchunis has said on podcasts
35 statements · 24 positive · 6 negative · 2 mixed · 3 neutral
Bitcoin is a legitimate asset investors should consider.
“Bitcoin is a legitimate asset that you have to choose from and you're kind of dumb to blow it off.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 0:00
Bitcoin ETFs have accumulated approximately $58 billion in lifetime flows.
“The biggest, most impressive number is the cumulative lifetime flows of Bitcoin ETFs. They are now at like 58 billion.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 0:05
U.S. stocks and their tracking ETFs are performing very strongly.
“U.S. stocks are just a juggernaut and the ETFs to track them are a juggernaut.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 1:35
Bonds generally fail to keep pace with inflation.
“Bonds generally have disappointed people. They don't keep up with inflation.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 2:32
Bitcoin’s approximately $60,000 level functions as a price floor.
“$60,000 is where like all the true believers are like dug in. Like you're not going to get much more than that.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 3:57
Bitcoin cannot be debased by governments.
“Here's something that the government can't debase. And we know the government likes debasing.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 4:51
Gold and Bitcoin have performed strongly over the past several years.
“Both gold and Bitcoin are a pretty good amount in the past couple of years.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 7:26
Investors should buy and hold assets they expect to appreciate.
“Nobody knows the future. Don't try to predict it. Just buy and hold some things you like and you think will go up.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 9:35
More conservative institutions will adopt Bitcoin more slowly.
“The more conservative and institutionally you get, the longer it will be for somebody to evolve.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 10:33
ETF strategies often lose their backtested effectiveness after launch.
“This is the problem with ETFs. They find the back test and then when they launch, it stops working.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 11:04
Covered-call Bitcoin ETFs may attract older investors through income and downside buffering.
“This is how you get the old people in, I think, is that this is selling some extreme upside to get income and maybe have a little buffer on the downside.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 11:39
Launching an ETF is easy, but achieving success is much harder.
“The barrier to entry is very low. Barrier to success, much higher.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 14:32
Roundhill’s three-stock memory-chip ETF reached approximately $25 billion in assets.
“Round Hills is a small indie issue where they launched a product that it just had three memory chip stocks. That's it. Very simple. Put it out and they caught that memory trade. It has $25 billion.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 15:12
Prediction-market ETFs will be launched.
“They're going to try to launch prediction market ETFs.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 16:25
Many speculative traders will eventually become Vanguard-style investors.
“Every Degen is a future Vanguardian. They just don't know it yet.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 19:00
The Federal Reserve and Treasury will eventually buy equity ETFs.
“We wrote a note saying that the Fed via the treasury will someday buy equity ETFs.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 20:07
Giving stock shares to young people would immediately reduce the wealth gap.
“You donate that to kids and teenagers, you will immediately close that gap.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 25:45
A Roth account could turn $5,000 of Bitcoin into $500,000 withdrawn tax-free.
“If you do it in a Roth, you could turn five thousand dollars into a half million and you're going to take it all out entirely tax free.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 27:33
Bitcoin has survived approximately eight major drawdowns or near-death episodes.
“Bitcoin's done eight of these.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 28:48
Bitcoin ETFs solved Bitcoin’s intermediary and access problem.
“The ETF essentially solved Bitcoin's intermediary problem.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 34:01
Bitcoin ETFs provide the public with a secure, trusted, low-cost access vehicle.
“The ETF has come in like a very secure, trusted source to the general public and it's cheap.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 34:31
A 3% Bitcoin allocation balances limited downside pain with meaningful upside participation.
“For most people who are newbies, 3% is the sweet spot between if it goes down that much, you don't feel that much. If it goes up, you feel enough to feel like you're participating.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 38:05
Bitcoin’s volatility is approximately twice gold’s volatility.
“The other thing is the volatility of Bitcoin is still about double gold.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 39:45
Lower Bitcoin volatility and correlations could attract many skeptics and institutions.
“If Bitcoin can get that near gold, look out. I think that's when you have a lot of the skeptics who are like on the fence go in.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 40:03
Bitcoin’s volatility and correlations are moving in a favorable direction.
“I think it's trending in the right direction, though.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 40:17
BlackRock is an unusually progressive company.
“BlackRock is an extraordinary company. They're very progressive.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 41:20
BlackRock’s IBIT reached approximately $100 billion in assets.
“IBIT had gotten up to $100 billion.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 45:30
At $100 billion, IBIT temporarily generated more annualized revenue than BlackRock’s other ETFs.
“When it hit $100 billion for a couple of weeks there, if you annualize the fee, it was the most highest revenue generating ETF of all of BlackRock's 1,000 ETFs globally.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 45:53
Fees of 2–3% or more can consume over half of returns over 50 years.
“Over 50 years, that actually confiscates over half of your returns.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 50:08
Bitcoin ETFs preserve the underlying asset while improving intermediation.
“The underlying assets always been the same. You just got better intermediaries and that's probably a good thing.”
Open the episode · Eric Balchunas: Bitcoin’s Crossroads, the 3% Allocation and BlackRock's Inside StoryListen at 52:40
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.