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cover of episode BTC237: Bitcoin & the Insurance Industry w/ Garrett Johnston (Bitcoin Podcast)

BTC237: Bitcoin & the Insurance Industry w/ Garrett Johnston (Bitcoin Podcast)

2025/6/4
logo of podcast We Study Billionaires - The Investor’s Podcast Network

We Study Billionaires - The Investor’s Podcast Network

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Topics
Preston Pysh: 我认为保险公司持有大量资本,但长期以来债券市场的表现让他们对未来趋势麻木不仁。他们需要醒悟过来,了解比特币对于保护自身和被保险人的重要性。 Garrett Johnston: 我认为比特币不仅仅是一种投机资产,更是一种风险管理工具,整个行业都需要理解它。保险公司需要利用比特币来应对通货膨胀和社会通货膨胀带来的挑战,提高投资回报率,并最终降低客户的保费。监管框架需要更新,以允许比特币作为一种认可的资产,从而促进其更广泛的采用。

Deep Dive

Chapters
This chapter explores the insurance industry's challenges with traditional investments, highlighting the need for Bitcoin as a risk management tool. It introduces Garrett Johnston, a 25-year veteran of the insurance industry, and his unique perspective on Bitcoin's role in transforming legacy balance sheets.
  • Bitcoin is not just a speculative asset but a risk management tool.
  • Insurance companies need to understand Bitcoin to protect themselves and those they insure.
  • Traditional insurance investments are failing to keep pace with inflation and social inflation.

Shownotes Transcript

Garrett Johnston shares why Bitcoin—not crypto—should be the foundation for insurance innovation. We explore regulatory friction, risk evolution, and strategic adoption for carriers and corporates.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:57 - How digital asset risk profiles evolve as companies scale

16:09 - The case for Bitcoin in insurance company treasuries

16:15 - Why Bitcoin enhances risk-adjusted returns in institutional portfolios

21:39 - Why current regulatory frameworks hinder BTC adoption

21:54 - How NAIC rules classify BTC as a non-admitted asset

22:07 - The importance of state-by-state education and reform

30:28 - Gaps in current insurance coverage for Bitcoin-native businesses

45:03 -Why “Bitcoin not crypto” is critical in traditional insurance circles

47:12 - ESG misconceptions about Bitcoin in insurance contexts

48:26 - Game theory behind state-level regulatory adoption (e.g., NH SBR)

49:39 - AI’s emerging role in insurance and supply chain risk analysis

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

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