Bitcoin & Sports Teams Are The Best Hedge Against Inflation | Chris Kelly
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What makes Bitcoin a hedge against inflation according to Chris Kelly?
It is a hedge against inflation. I think that people are rightfully thinking of it that way.
How do Bitcoin and sports teams compare as scarce assets?
And then I think it's also a global store of value. And it's sort of easily accessible from anywhere to anywhere.
What is Meta’s strategy and spending on AI and its impact on token costs?
And it's just incredibly powerful in that way. And so, you know, once it became accepted as a standard, once enough people said, OK, this is going to work and the validator network works and everything else, it became the standard store of value.
How are current interest rates and Fed policies influencing crypto and sports investments?
What's going on, guys? Today we have a great conversation with Chris Kelly.
What opportunities exist for investing across the AI stack and blockchain?
He's a co-owner of the Sacramento Kings. He's the founder of Kelly Investments, and he's a former Facebook executive.
What is Sports One and how does it aim to democratize sports team ownership?
In this conversation, we talk about why he owns Bitcoin, why he likes artificial intelligence, why he owns sports teams, and a brand new idea that he's bringing to the market to go and take minority sports ownership stakes and bring them to the public market.
What’s the difference between equity and token offerings in Sports One?
There's a lot packed into this conversation.
How are sports and financial markets evolving together?
Chris is someone who's been around the technology industry for a very long time. He understands a lot of what's happening, both in terms of the trends, but the underlying technology itself. And he has made investments in a whole multitude of different areas and industries. And I think that you're going to learn a lot from him. Here's my conversation with Chris Kelly. All right, Chris, you are the co-owner of the Sacramento Kings and you also like Bitcoin, which is going to get everyone very excited. So explain a little bit, maybe your journey with Bitcoin and why you like this asset so
much. Yeah. So, I mean, I think that it is a hedge against inflation. I think that people are rightfully thinking of it that way. And then I think it's also a global store of value and it's sort of easily accessible. accessible from anywhere to anywhere. And that is just incredibly powerful in that way. And so once it became accepted as a standard, once enough people said, OK, this is going to work and the validator network works and everything else, It became, you know, the standard store of value the same way that, you know, Ethereum turned out to be a, you know, when Vitalik, you know, went deep on Bitcoin, decided that there were some extra features that it might need. That's where Ethereum comes from.
And then, you know, I think people have been kind of riffing on themes in those areas ever since with other coins. But Bitcoin and Ethereum are kind of well established throughout the world at this point.
What I find interesting is like, you must have this barbell strategy. I don't even know if you thought about it this way, but like Bitcoin is something that benefits from inflation. And so it is scarce, it is digital, it is decentralized, it is non-sovereign, all those aspects. And it's done very well over the years. The Sacramento Kings, or any professional sports team of at least four major leagues, it's not decentralized. It's actually highly centralized. It's not digital. Like, there's real estate and teams and humans and, you know, merchandise, et cetera. But it is super scarce. And so it's almost like you're barbelling in, like, you have a digital store of value, you've got an analog store of value, you've got a centralized, a decentralized.
Like, did you think through that? Or are you just like, I just want to own the team because it's cool?
So, I mean, again, the scarcity and the availability, although I think that there's unbelievable mind share that teams have in people's lives. And that is a powerful, powerful thing. And it's also an area where people come together at a time that our politics can be very divisive. And there are all these challenges that we have in terms of the way that we get along. People figure out how to have uh useful and uh sometimes heated but but but also decent rivalries around sports and so you know for growing up with giants dodgers and and uh and and all that and seeing you know growing up and in the bay area never really become a warriors fan because they just weren't very good when i was when i was young
It's like being a Brooklyn Nets fan
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Chapters
8 chapters
1
What makes Bitcoin a hedge against inflation according to Chris Kelly?
0:00–0:04
2
How do Bitcoin and sports teams compare as scarce assets?
0:04–0:11
3
What is Meta’s strategy and spending on AI and its impact on token costs?
0:11–0:28
4
How are current interest rates and Fed policies influencing crypto and sports investments?
0:28–0:31
5
What opportunities exist for investing across the AI stack and blockchain?
0:31–0:37
6
What is Sports One and how does it aim to democratize sports team ownership?
0:37–0:49
7
What’s the difference between equity and token offerings in Sports One?
0:49–0:52
8
How are sports and financial markets evolving together?
0:52–50:34
Speakers
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