Bitcoin And The Long Game
Scott Ellam: I Bought Bitcoin Through An 80% Drawdown And Didn't Tell My Staff | Bitcoin & The Long Game
Scott Ellam put Bitcoin on his company's balance sheet in 2021 and kept buying every week through an 80% drawdown — while most of his own staff had no idea. He's now CEO and founder of XCE, the executive recruitment group that listed on the public markets with a Bitcoin treasury already in place. The episode opens on the career that didn't happen: rugby league from age four, a university side that went unbeaten for seven years, and a professional debut lasting nineteen minutes before every ligament in his knee gave way.The conversation covers the move into recruitment, founding Spencer Riley in 2014, and a childhood obsession with why the people around him were borrowing to buy property — an unwitting lesson in currency debasement. Scott found Bitcoin in 2016: a fixed supply solving a problem he was already living with as a UK founder invoicing US clients. Then March 2020, one week after moving the business into Leeds city centre. Lockdown hit, he had a cash reserve and a plan to poach every top biller in the city, and then watched the Chancellor — in his words — double the money supply and halve his reserve overnight. He committed the balance sheet to Bitcoin the following year.The second half examines the model itself. Why executive recruitment is uniquely ripe for consolidation, how a PLC structure combined with a Bitcoin treasury solves the industry's two unsolved problems — equity for billers, an exit for owners — and how an acquisition can be close to cash neutral on day one. Discussion also covers hiring for the Bitcoin industry, why nobody moves for money, what elite athletes actually do after sport, and Scott's four categories of Bitcoin treasury company, including the opportunistic ones now pivoting to gold and AI.CONTACT SCOTT: X: https://x.com/btconlyscott LinkedIn: https://uk.linkedin.com/in/scott-p-ellam-5a097449Peter Lane - https://x.com/peterlane1985 George Boyd - https://x.com/gboyd9 CoinCorner - https://x.com/coincorner XCE - https://x.com/xceofficial VEIN - https://x.com/VEIN_intelSponsors CoinCorner XCE VEINXCE is a sponsor of this podcast and is a publicly listed company (AQSE: XCE / OTCQB: XCELF). Nothing in this episode is financial advice or a recommendation to buy or sell any security. Do your own research.Edited by: www.selectedfrequencies.com#Bitcoin #BTC #ScottEllam #XCE #BitcoinTreasury #Recruitment #BitcoinAndTheLongGame #Podcast
