The Last Trade E022: A New Custody Standard with Mitch Kochman from BitGo
October 20, 2023
The Last Trade is a weekly market and macro show from Onramp Media, hosted by Marty Bent, Jesse Myers and Michael Tanguma with a rotating guest. This episode features Mitch Kochman of BitGo on custody. Onramp Media produces the series.
On this episode of The Last Trade, from Onramp Media, hosts Marty Bent, Jesse Myers and Michael Tanguma welcome Mitch Kochman of BitGo. The conversation covers Kochman's background, how he distinguishes bitcoin from the broader crypto market, and the nature of custodial risk. Kochman also discusses the fear of self-custody mistakes, evolving fee structures, and the case for treating custody as a paid professional service. The Last Trade is editorial commentary from Onramp Media and is not investment advice.
Chapters
0:00 - Intro 1:56 - Mitch’s backstory 7:08 - It’s for the kids 12:57 - BitGo 21:21 - Bitcoin breaking from Crypto 26:00 - Early in monetization process for digital gold 29:57 - Custodial risk 40:22 - A message from Onramp 40:47 - Fear of losing your own Bitcoin 50:29 - Innovator’s dilemma and new fee structures 53:32 - Providing context, setting a new standard 1:02:21 - Shifting mindset to custody as a paid service 1:09:09 - Heavy bags are uncomfortable 1:13:56 - Building the future and spreading the word 1:25:07 - Wrapping up
Frequently Asked Questions
Who is the guest on The Last Trade episode 22?
Mitch Kochman of BitGo joins hosts Marty Bent, Jesse Myers and Michael Tanguma; he shares his backstory early on (01:56).
What does the episode say about custodial risk?
Kochman discusses custodial risk and the fear of losing self-custodied bitcoin (29:57, 40:47).
Does the episode discuss custody fees?
Yes. Kochman discusses the innovator's dilemma, new fee structures, and custody as a paid service (50:29, 1:02:21).
How does the episode distinguish bitcoin from crypto?
Kochman discusses bitcoin breaking from the broader crypto market and its early monetization as digital gold (21:21, 26:00).
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.