Pierre Rochard, who calls himself a “Bitcoin maximalist og,” Bitcoin first discovered in 2012 while studying at Ut Austin. With interests in the Austrian economy and open source software, Bitcoin “captivated” it as the intersection of both. It became an early thought leader, co -founding the Satoshi Nakamoto Institute to house fundamental writings and philosophy Cypherpunk.
In all roles in Bitpay, Kraken and more recently Riot Platforms (Riot), his work has covered Bitcoin’s infrastructure and defense. In Riot, he directed responses to environmental criticism, including a viral parody video that “put defensive critics” and reformulated the debate on the creation of mining and value.
Pierre Rochard is a speaker in consensus 2025, in Toronto, from May 14 to 16. Get your pass here.
“Critics think that mining is a waste because they do not believe that Bitcoin has value,” said Rochard. “But it is a monetary sovereignty, the ability to control your own money.”
Now, with the Bitcoin bond company, the next border is assuming: unlock bitcoin for fixed income investors.
Unlike Michael Saylor’s strategy, Rochard wants to build “bankruptcy structures and only bitcoin” with clear life cycles and risk sections. The idea is to make Bitcoin more acceptable to traditional credit allocatives.
Your goal? Acquire $ 1 billion in bitcoin over the next 21 years: market conditions allow it.
In the price cycle, Rochard believes that the mid -four -year model is losing relevance for pricing purposes. “The Bitcoin Cag is now linked to interest rates,” he said, pointing out his change towards becoming a global macro asset. “The highest Fed rates extract capital from Bitcoin, that is what slows adoption.”
While education is still a great obstacle, it is optimistic. “Ten years ago, this idea laughed. Today, credit products backed by Bitcoin are inevitable.”
In consensus 2025, Pierre focuses on accelerating that education, especially among institutions that seek to diversify beyond real estate and actions.
Rochard also had clear eyes on the risks and obstacles in the adoption of Bitcoin. “The biggest challenge is education,” he emphasized. “Most investors have never seen a fixed income product backed by Bitcoin. They are accustomed to real estate or corporate debt, this is a new class of assets for them.”
When asked about concerns such as low transaction rates or empty blocks in 2025, Rochard backed down. “People care about low rates, but that is a static system. If there is ever an attack or censorship, the rates shoot, and the miners turn. It is anti-frog by design.”
Ultimately, Rochard’s tone is simple: “Bitcoin is no longer a marginal experiment. It is a central monetary technology, and it is time for credit markets to reach.”
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