$50k Bitcoin, What’s Next? With Bill Barhydt

“It’s like saying I can’t handle the internet in 1995, and there were many people that couldn’t. Do you know what happened? The internet ploughed ahead, and eventually, you caught up… the world is going to catch up to this because there is going to be no alternative.”— Bill BarhydtLocation: RemotelyDate: Thursday 18th FebCompany: AbraRole: Founder & CEOIn the last week, bitcoin broke $50,000 for the first time, a significant milestone, helped by corporate adoption. Tesla’s $1.5bn bitcoin buy was a watershed moment. Still, it would likely not have happened without MicroStrategy, who themselves announced this week that they would be raising another $900 million to acquire more bitcoin.Using Bitcoin as a corporate treasury asset is only expected to grow, with some bitcoiners suggesting that as many as half the S&P500 will hold bitcoin in their balance sheet before the end of 2021.The next logical step after corporate adoption of Bitcoin is the nation-state. With India looking to ban Bitcoin, it is clear there is still a large amount of scepticism from nation-states. However, the first country to embrace Bitcoin will likely see the same benefits as MicroStrategy did.In this interview, I talk to Bill Barhydt, the CEO and Founder of Abra. We discuss what $50k bitcoin means, increasing corporate adoption and which nation-state will be the first to embrace Bitcoin.This episode’s sponsors:Kraken - The best place to buy, sell & trade BitcoinBlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD312 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.