Bitcoin Magazine’s first episode of The Allocators Edge featured UXTO’s Dan Hillery outlining the rapid rise of Bitcoin-backed digital credit, a market he said has grown from almost nothing two years ago to roughly $16 billion today. Hillery argued that the financialization layer being built on top of Bitcoin could eventually rival the scale of the Bitcoin network itself, which the program referenced at about $1.5 trillion in market capitalization. The discussion covered how variable-rate preferred securities such as STRC and SATA are priced, why buybacks help keep them close to their $100 par value, and how digital credit risk differs from digital equity risk. Hillery also described the structured credit fund he is building, including its senior and junior tranches, while the episode’s timeline pointed to topics such as short-duration Bitcoin-backed notes, leverage, volatility transfer, liquidity, redemptions, and the role of digital credit in a 60/40 portfolio. The post also carried a detailed disclaimer stating that the video is for informational and educational purposes only and does not constitute investment, legal, tax, or accounting advice.