Eric Balchunas: The Next Phase of Bitcoin Has Already Begun
Release Date: 06/16/2025
The Bitcoin Matrix
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info_outlineIn this episode, I chat with Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of The Bogle Effect. We dive into the life and legacy of Jack Bogle, the founder of Vanguard, and explore the evolution of Bitcoin ETFs.
––– Offers & Discounts –––
Theya is the world’s simplest Bitcoin self-custody solution. Download Theya Now at theya.us/cedric
Get up to $100 in Bitcoin on River at river.com/Matrix
The best Team Bitcoin merch is at HodlersOfficial.com. Use the code Matrix for a discount on your order.
Become a sponsor of the show: https://thebitcoinmatrix.com/sponsors/
––– Get To Know Today's Guest –––
• Eric Balchunas on X: https://x.com/EricBalchunas
––– Socials –––
• Check out our new website at https://TheBitcoinMatrix.Com
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––– Chapters –––
00:00 - Intro
01:12 - Eric’s Background: Journalism to Finance
05:53 - Investing Philosophy and Personal Strategy
09:24 - Exploring The Bogle Effect
12:09 - Comparing Bogle and Satoshi
22:19 - Origin Story of Vanguard
24:45 - Launching the First Index Fund
28:51 - The Sacrificial Ethos of Bogle
34:46 - Buffett’s Tribute and Endorsement
37:03 - Who Are the Bogleheads?
42:09 - Bogle’s Take on ETFs and Trading
44:59 - Frankenstein’s Monster: Thematic ETFs
49:46 - The Art of Doing Nothing
50:56 - Inflation, Bitcoin, and the Real Return
53:18 - Comparing Bitcoin and U.S. Stocks
54:45 - Bogle’s Take on Trustless Money and Banks
58:33 - Eric’s Journey into Bitcoin via ETF Filings
01:04:55 - TradFi’s Shift After the Bitcoin ETF Approval
01:05:37 - BlackRock, Fidelity & the Legitimization of Bitcoin
1:13:17 - ETFs response to a Major Drop in Bitcoin's Price
1:19:40 - The Two Things that Convinced Eric About Bitcoin
1:24:10 - How Has Bitcoin Changed Eric
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