What does the world look like at $10,000,000 BTC? with Fred Krueger

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The Mustard Seed—a bitcoin and long-term thinking podcast

Joe Burnett

15 episodes

1 week ago

After finishing graduate school, I left my first job as a technology consultant at Ernst & Young to work full-time in bitcoin. One of the most valuable things I did early on was host a bitcoin podcast. It allowed me to learn directly from some of the most intelligent minds in the space and build lasting relationships. The podcast is my way of staying connected to the most thoughtful people in bitcoin. It helps me better understand how capital is flowing into bitcoin and how the smartest leaders are positioning themselves as bitcoin continues to reshape global capital markets.

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All content for The Mustard Seed—a bitcoin and long-term thinking podcast is the property of Joe Burnett and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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What does the world look like at $10,000,000 BTC? with Fred Krueger

The Mustard Seed—a bitcoin and long-term thinking podcast

1 hour 13 minutes 27 seconds

1 month ago

What does the world look like at $10,000,000 BTC? with Fred Krueger

What if bitcoin replaced the foundation of global money? In this episode, Fred Krueger explains what a $10 million bitcoin world could look like, why traditional assets may underperform under a hard-money system, and how AI and automation could reshape society in the process. We examine the timeline for bitcoin’s full monetization, how deflation can drive innovation instead of destruction, and why the 60/40 portfolio no longer works. Fred shares his framework for applying the Kelly criteria, the importance of ETFs in accelerating adoption, and how this transition could spark the greatest wealth transfer in history.

Timestamps:

00:00 – Intro and welcome to The Mustard Seed Podcast

00:37 – What a $10 million bitcoin world could look like

02:10 – Why bitcoin and the dollar will likely coexist

06:54 – Why real estate and stocks could underperform in the bitcoin era

09:02 – Why markets haven’t front-run $10 million bitcoin yet

16:59 – Can a deflationary money like bitcoin support growth?

20:42 – Life and credit in a hard-money system

26:56 – Can we reach $10 million bitcoin without a crisis?

33:01 – AI and automation meet bitcoin: a new society emerges

37:24 – Why the 60/40 portfolio is broken in the bitcoin era

42:39 – How yield fits in retirement portfolios

44:39 – Allocating 70–75% to bitcoin: Fred’s case for the Kelly criteria

45:20 – Will bitcoin wealth concentrate or distribute over time?

48:33 – The ETF wave and the next class of bitcoin investors

53:29 – Would Fred Krueger ever sell bitcoin to buy stocks?

58:01 – The 70/30 portfolio: bitcoin plus passion projects

01:03:00 – How bitcoin and AI together will create mass abundance

01:08:47 – Why Fred’s book passed Ray Dalio on Amazon