# This Austrian Economist Explains the Ultimate Evolution of Bitcoin

Page: https://stenobird.com/podcast/the-bitcoin-treasuries-podcast-with-tim-kotzman-7117909/this-austrian-economist-explains-the-ultimate-evolution-of-bitcoin
Text version: https://stenobird.com/podcast/the-bitcoin-treasuries-podcast-with-tim-kotzman-7117909/this-austrian-economist-explains-the-ultimate-evolution-of-bitcoin.md
Podcast: [The Bitcoin Treasuries Podcast with Tim Kotzman](https://stenobird.com/podcast/the-bitcoin-treasuries-podcast-with-tim-kotzman-7117909)
Published: 2026-05-20T14:50:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/timothy-kotzman/episodes/This-Austrian-Economist-Explains-the-Ultimate-Evolution-of-Bitcoin-e3jl4oi
Audio file: https://anchor.fm/s/fd394588/podcast/play/120279250/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-4-20%2F424541521-44100-2-b1df88d9e3701.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-treasuries-podcast-with-tim-kotzman-7117909/episodes/this-austrian-economist-explains-the-ultimate-evolution-of-bitcoin
Duration seconds: 2835

## Resource

Hubertus Hofkirchner, the founder of the Bitcredit Protocol, joins the show to discuss Bitcoin and Austrian Economics, the Bitcredit Protocol, and how Bitcoin Treasury companies can utilize the protocol to deploy capital. Disclaimer: NOT FINANCIAL ADVICE - For entertainment purposes only. Tim Kotzman on X: https://x.com/TimKotzman Hubertus Hofkirchner on X: https://x.com/HubertusVIE 0:00 - Intro 00:21 - Hubertus's background in Vienna and the history of Austrian economics 01:40 - How Hubertus first discovered Bitcoin 04:15 - Deep dive into the fundamentals of the Bitcredit Protocol 13:10 - Why traditional corporate trade finance is broken and the opportunity for Bitcoin 17:45 - How Bitcredit operates without relying on smart contracts or traditional tokens 27:40 - Mitigating risks and establishing trust networks within decentralized trade finance 33:10 - How Bitcoin Treasury companies can utilize the protocol to deploy capital 39:15 - Transitioning from pure financial engineering to real-world economic application 45:10 - Closing thoughts #podcast #bitcoin #microstrategy #investing #mstr #btc

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## Transcript

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