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Pierre Rochard, who identifies himself as a “bitcoin maximalist OG,” encountered Bitcoin 
$104,435 while studying at UT Austin in 2012. His interests in Austrian economics and open-source software converged in Bitcoin, providing Rochard with an impressive experience. As one of the early thought leaders in the space, he founded the Satoshi Nakamoto Institute, synthesizing foundational texts and Cyberpunk philosophy.
Role and Technology Investments
Rochard has made significant contributions to Bitcoin infrastructure and advocacy through various roles at companies like BitPay, Kraken, and most recently, Riot Platforms. His parody video, created in response to environmental criticisms while at Riot Platforms, reframed the debate, effectively sidelining critics. These efforts underscored the importance of technological infrastructure and innovative strategies.
Pierre Rochard: “Critics believe mining is wasteful because they don’t believe bitcoin has value. But this is about monetary sovereignty – the ability to control your own money.”
Education and New Structures
Currently, Rochard is working under The Bitcoin Bond Company to make Bitcoin accessible for fixed-income investors, adopting a strategy that diverges from traditional approaches. Unlike Michael Saylor’s long-position strategy, he prioritizes structures with specific life cycles that minimize bankruptcy risks. This aims to make Bitcoin more appealing to credit allocation institutions.
Rochard aims to acquire 1 trillion dollars worth of Bitcoin over the next 21 years, depending on market conditions. This strategy seeks to position Bitcoin as a new asset class and develop a different approach in fixed-income products.
Regarding price cycles, he noted that the predictive power of the four-year halving model has diminished. He explains that Bitcoin’s compound annual growth is now linked to interest rates, indicating a shift toward its status as a global macro asset.
Pierre Rochard: “Bitcoin’s CAGR is now tied to interest rates. Higher Fed rates pull capital away from Bitcoin – this is slowing adoption.”
Rochard emphasizes that the concept of fixed-income products being entirely Bitcoin-based is a new idea for investors, with a lack of education posing the greatest barrier. He believes this idea, once ridiculed a decade ago, is becoming an inevitable reality today.
Addressing system security, he explained that criticisms regarding low transaction fees and empty blocks reflect a design that is dynamic, capable of responding to attacks and censorship as needed. This approach highlights the resilience and self-recovery attributes of the structure.
Rochard’s work underscores that Bitcoin is evolving from a marginal experiment to a fundamental monetary technology. He highlights the significance of education and innovative structures in helping institutions diversify their portfolios, believing that the development of new fixed-income products could positively impact credit markets.
