Pierre Rochard, who calls himself a “Bitcoin Maximalist OG”, discovered Bitcoin for the first time in 2012 while he was studying in UT Austin. With interest in the Austrian economy and open source software, it was “captivated” by Bitcoin as the intersection of the two. He has become an early opinion leader, co-founding the Satoshi Nakamoto Institute to shelter fundamental writings and the philosophy of Cyphenk.
In all roles at Bitpay, Kraken and more recently Riot platforms (Riot), his work lasted infrastructure and Bitcoin plea. At Riot, he directed answers to environmental criticisms, including a viral parodic video which “puts criticism on the defensive” and crops the debate on mining and value creation.
Pierre Rochard is a speaker at the 2025 consensus, in Toronto, from May 14 to 16. Get your pass here.
“Critics believe that mining is a waste because they do not believe Bitcoin is value,” said Rochard. “But this is monetary sovereignty – the ability to control your own money.”
Now, with Bitcoin Bond Company, he faces the next border: unlock Bitcoin for fixed income investors.
Unlike Michael Saylor’s strategy, Rochard wants to build “bankruptcy and bankruptcy structures only” with clear life cycles and risk cycles. The idea is to make bitcoin more acceptable to traditional credit beneficiaries.
His goal? Acquire $ 1 billion of bitcoin dollars over the next 21 years – Market conditions allows it.
During the price cycle, Rochard believes that the division model half of four years loses relevance for price forecasting purposes. “Bitcoin TCAC is now linked to interest rates,” he said, noting its transition to becoming a world macro active. “Higher Fed rates derive the capital of Bitcoin – this is what slows down adoption.”
Although education remains a major obstacle, it is optimistic. “Ten years ago, this idea was mocked. Today, credit products supported by Bitcoin are inevitable. ”
In consensus 2025, Pierre focuses on the acceleration of this education, in particular among establishments that seek to diversify beyond real estate and actions.
Rochard was also clear about risks and obstacles in the adoption of Bitcoin. “The biggest challenge is education,” he said. “Most investors have never seen a fixed income product supported only by Bitcoin. They are used to real estate or business debt – this is a new asset class for them. ”
When asked about concerns such as low transaction costs or empty blocks in 2025, Rochard pushed back. “People are worried about low costs, but that requires a static system. If there is never an attack or censorship, the costs soar – and the minors turn. It’s anti-fragile by design. “
In the end, Rochard’s height is simple: “Bitcoin is no longer a marginal experience. It is a basic monetary technology – and it is time for credit markets to catch up. ”
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