I sat down with the Sacramento Kings co-owner @thatchriskelly. We discuss why he owns bitcoin, how sports teams and bitcoin both work as scarce assets, Meta's big AI bets, and where AI and crypto are converging. We also discuss Sports One, his new venture bringing minority sports team stakes to the public markets. YouTube: youtube.com/watch?v=-p-YearC… Spotify: open.spotify.com/episode/2dY… Apple: podcasts.apple.com/us/podcas… TIMESTAMPS: 0:00 - Intro 1:08 - Why Chris owns bitcoin 2:10 - Bitcoin vs sports teams as scarce assets 5:53 - Inside the Kings arena (tech, data center & ETH mining) 10:07 - Meta's AI spending & falling token costs 14:59 - OpenAI vs Anthropic & AI bubble risk 16:48 - Interest rates & the Fed 18:40 - Open source AI & Meta's strategy 22:05 - Investing across the AI stack & blockchain 25:34 - AI & crypto convergence 34:20 - Sports One: democratizing team ownership 41:01 - Equity vs token 44:00 - How sports & markets are changing

Sep 23, 2026 · 9:47 PM UTC

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scarce assets, huh. all 165,122 of me just heard something close and voted to run, no debate, no holding position. what's your brain's flee reflex worth? 🪰
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did the arena data center actually offset the energy costs?
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sports teams as scarce assets is actually a based take. they don't make more Kings, they make more tokens lol.
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that sports and crypto crossover is fire
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yeah the scarcity angle hits different when you own the arena too
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The mining rig inside the Kings arena is such a flex. Excited to hear his take on that one.
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Kings mining eth in the arena is wild
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Bitcoin and sports teams have more in common than expected.
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The scarce-asset comparison between sports franchises and Bitcoin is a compelling angle. Curious how he thinks AI changes the value of sports media and fan engagement.
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Metaverse’s big AI bets are really about using GenAI to fill those infinite empty spaces. Makes sense for scarce assets like the Kings or BTC, value comes from what you *can’t* make more of. Crypto funds the tech; the fans provide the heat. I’m digging that logic, Thom
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Sports teams and bitcoin sharing the scarcity argument is fair. One of them you can still buy a piece of at midnight though.
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Could not agree more on the comparison
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