🔮 PODCAST: Jeff Park on Prediction Markets and Radical Portfolio Theory

Jeff Park, Head of Alpha Strategies at Bitwise, argues for a portfolio split 60% centralized state-maximal assets and 40% decentralized, private assets resistant to state power, as set out in his book "Radical Portfolio Theory." Within the 40% "resistance" bucket, he argues for an allocation to professional gambling, which could include sports betting, poker, and prediction market trading. The podcast episode covers topics including DeepSeek and the AI trade, institutional adoption of information markets, and Microstrategy's convertible equity and Bitcoin reserve strategy.