ABOUT THIS EPISODE
David Marulli, author of Bitcoin Consolidated Volume 1 and a 31-year commercial real estate veteran with over $1 billion in transactions, joins The Daily Stack with host Jody and a co-host to explain how understanding Bitcoin changed his view of money, inflation and wealth. They compare Bitcoin and digital credit instruments like Stretch ($STRC) and $SATA to cash-flowing real estate, discuss Stretch trading below par, inflation data, the US government moving seized Bitcoin to Coinbase Prime, and BIP 110. The episode closes with a quote guessing game and a preview of David's talk at the Midwest Bitcoin Summit in Columbus.
This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com
Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack
Chapters:
0:00 Cold open: Bitcoin vs inflation and real estate
1:09 Introducing David Marulli and Bitcoin Consolidated
2:23 Why Bitcoin clicked after 31 years in real estate
4:58 Understanding Bitcoin is like martial arts
9:21 Digital credit: Stretch and SATA vs a building
13:22 Stretch trading below par and daily dividends
20:27 Why Bitcoin rallied on a soft inflation report
24:23 US government moves seized Bitcoin to Coinbase Prime
32:24 Talking Bitcoin with real estate investors
39:38 Game: did David write this quote?
47:13 BIP 110 prediction market and OP_RETURN debate
49:52 Wrap up: Midwest Bitcoin Summit and David's book
Key takeaways:
- David still sees commercial real estate as a superior way to store capital and generate cash flow, but says understanding Bitcoin changed how he views inflation and the economy.
- He compares Bitcoin to an appreciating building without cash flow, and says digital credit like Stretch and SATA, paying between 12 and 13% according to him, adds the cash flow piece without insurance, underwriting or tenants.
- He suggests Stretch could mirror SATA's daily dividend to avoid ex-dividend dates knocking value off the share price.
- He argues the number of US dollars grows about 8% per year, so a bond earning 4% or 5% still loses ground.
- He no longer orange pills people. Instead he tells them to study Bitcoin through books and videos from people like Andreas Antonopoulos, Michael Saylor, Lyn Alden and Jeff Booth and decide for themselves.
Listen and follow The Daily Stack:
Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
Website: https://dailystackhq.com
X: https://x.com/dailystackHQ
Not financial advice.
