Gold & Bitcoin Podcast
Curated episodes on gold, Bitcoin, monetary policy, and sound money from the world's best thinkers — including Larry Lepard, Luke Gromen, Lyn Alden, and more.
91 episodes across 6 shows
The Last Trade
52 gold-relevant episodes
AI Expert On The Multi-Trillion Dollar Economy Nobody Sees Coming
The Last Trade: James Camp, co-founder of APFX, joins the crew to break down the multi-trillion dollar AI agent economy, why bitcoin and stablecoins aren't in competition, and why the next bull market has nothing to do with retail investors. James Camp on X: https://x.com/JamesonCamp Website: https://james.camp/ The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset… in the digital age, it's The Last Trade that investors will ever need to make. 🎙️ About This Episode A multi-trillion dollar economy is being built beneath the one you know. James Camp — pragmatist, Bitcoiner, and AI implementation consultant — joins the crew to map out the agent economy taking shape right now, why AI agents will likely settle on Bitcoin as a long-term store of value even as stablecoins handle day-to-day transactions, and what the Jack Dorsey/Block layoffs actually signal about where corporate America is headed. The conversation covers quantum FUD, the order of operations for hyperbitcoinization, why the average American doesn't need to care about Bitcoin for it to win, and what it means to be a pragmatist before you're a Bitcoiner. 🧠 Chapters 00:00 — Intro & James's Bitcoin Origin Story 08:30 — How AI Agents Prefer to Transact 16:45 — Bitcoin vs. Stablecoins: Why Both Win 24:00 — BPI's AI Agent Monetary Study 31:15 — Jack Dorsey, Layoffs & Financial Engineering 42:00 — Quantum FUD & Why It's Mostly Noise 49:30 — The Invisible Hand & Where Capital Flows Next 57:00 — Intermediaries, Self-Custody & the Middle Ground 1:04:00 — Cyborgs, Brain Chips & the Amish Option 1:10:00 — The Poorest of the Rich: James's 5-Year Bet 1:14:00 — Outro & Disclaimer
Bitcoin Is 'Dead' Again — That's When You Buy | Checkmate
The Last Trade: On-chain analyst James Check (Checkmate) joins the crew to break down bitcoin's bear market capitulation, what the data says about where we are in the cycle, and why the obituaries being out might be the most bullish signal of all. Bitcoin is down 50% from all-time highs. No single catalyst. No obvious bottom. Checkmate joins the crew to cut through the noise with on-chain data, walking through the exact thresholds he mapped during the recent drawdown and why 50% of the supply being underwater is historically a bottoming signal. The conversation expands into the debasement trade narrative, AI-driven labor displacement, why institutions only need to move a fraction of a percentage point to absorb all sell pressure, and why bitcoin's only job — like gold's — is to not die. 🧠 Chapters 00:00 — Intro & Market Sentiment 02:14 — How James Mapped the Recent Decline 11:32 — What Actually Caused the Drawdown? 15:16 — The Debasement Trade Hasn't Started Yet 22:00 — Gold, Physical Delivery & What It Means for BTC 30:39 — AI, Labor Displacement & Money Printing 44:00 — Institutional Adoption: Just Heating Up 50:00 — Will Critics Ever Admit They Were Wrong? 54:53 — Bitcoin's Only Job Is to Not Die 1:00:04 — Hyperbitcoinization & Why Most People Won't Care 1:07:11 — Deep Value Zone: Every Mean Reversion Model Agrees 1:12:00 — Buy the Whole Bottom, Outro & Disclaimer
Bitcoin Is Down 50% and No One Knows Why
This episode explores why Bitcoin has fallen 50% while examining the fundamental issues with centralized custody and counterparty risk in the crypto space. OnRamp COO Nick Deloer joins to discuss how Bitcoin's superior monetary properties and multisig technology offer solutions that were never possible with traditional assets like gold.
Bloomberg Analyst: Everyone Says Bitcoin Is Dead — Here's Why They're Wrong
Bloomberg ETF analyst Eric Balchunas discusses Bitcoin's recent price decline from $73K to $67K, comparing it to previous market cycles and the Rocky movie franchise. He argues that despite the current selloff, Bitcoin's historical pattern of recovery remains intact, attributing the decline to narratives being priced in too quickly and some early investors taking profits through new ETF liquidity.
Gold Is Running Ahead — Bitcoin Is Next (The Great Rotation Explained)
Mel Madison discusses the market rotation from Bitcoin to precious metals in 2026, explaining why gold and silver are outperforming crypto despite his long-term bullish outlook on Bitcoin. He analyzes the impact of the stalled Clarity Act, diversification strategies, and technical patterns showing Bitcoin's resilience at current levels despite headwinds.
Davos Dispatch: Sovereign Debt, Gold, & the Case for Bitcoin
This Davos dispatch episode examines Bitcoin's recent underperformance against gold and argues that gold's massive rally actually validates the thesis for Bitcoin as superior sound money. The hosts discuss how central banks and sovereigns are driving gold demand due to fiat currency debasement concerns, while most people still don't understand Bitcoin's fundamental value proposition as digital gold with superior properties.
Bitcoin Supercycle: The Last Trade Is Here | Marty Bent
Marty Bent joins The Last Trade to discuss the potential Bitcoin supercycle and analyzes the recent price pump following a consolidation period in 2025. The conversation covers market dynamics, sovereign Bitcoin adoption, currency debasement events in Iran and Venezuela, and why the true Bitcoin bull market may just be beginning with increased liquidity and geopolitical instability driving demand for digital reserve assets.
Morgan Stanley & Bank of America Signal a New Bitcoin Era
This episode analyzes the major institutional Bitcoin adoption signals from Morgan Stanley filing for their own Bitcoin ETF and Bank of America activating Bitcoin access for 15,000 wealth advisors with 1-4% portfolio recommendations. The discussion explores why these developments represent significant institutional validation beyond typical headline news, examining the competitive dynamics and client demand driving traditional financial institutions to offer Bitcoin products.
2025 Recap w/ Matt Odell: Gold's Run, DAT Reckoning, Quantum FUD + 2026 Predictions
Matt Odell discusses the 2025 Bitcoin market recap, addressing narratives around early Bitcoin holders selling and the healthy distribution of supply to new market participants through ETFs. The conversation explores why Bitcoin underperformed relative to gold despite institutional adoption, examining market cycles and the potential shift from traditional four year Bitcoin cycles to longer timeframes due to market maturation.
Why Saving Died, Markets Became Casinos, & Young People Are Trapped | Jeff Deist
Jeff Deist, general counsel at Monetary Metals and former Mises Institute president, explains how traditional saving has been destroyed and financial markets have transformed into casino-like speculation. He discusses the importance of Austrian school economics, sound money principles, and how government currency debasement forces people into political and financial speculation rather than productive saving.
Tad Smith: The Fed Pivot & AI Forces Driving Bitcoin’s New Regime
Tad Smith analyzes Bitcoin's disappointing 2025 performance compared to other asset classes, examining how Fed policy and AI narrative competition have impacted the cryptocurrency. The discussion covers Bitcoin's unique ability to frustrate investors and why the current bearish sentiment may actually present opportunities going forward.
Mark Yusko: Everyone Says the Cycle Is Dead — Here’s Why They’re Wrong
Mark Yusko discusses why Bitcoin market cycles remain relevant despite 2024's unexpected price movements from $71K to $92K without a typical euphoric blowoff top. He explains the impact of Bitcoin futures on market structure and shares insights on crypto winter patterns and institutional market manipulation.
Max Fear. Max Opportunity. The Bitcoin Bull Market Starts Now.
Bitcoin sentiment has cratered after a 30% drawdown, but the thesis hasn’t changed. Cycles are dead, liquidity is turning, and gold’s strength signals what’s next for BTC. Fundamentals are stronger than ever as custody, rails, and institutional demand quietly build beneath the noise. 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership. 👉 Inheritance & Trust Planning: https://onrampbitcoin.com/products/inheritance 👉 Institutional: https://onrampbitcoin.com/products/institutional 👉 Business: https://onrampbitcoin.com/products/business 📩 Schedule a briefing: https://onrampbitcoin.com/contact 🎙️ About This Episode Sentiment ≠ fundamentals. The team dissects the drawdown (short-term holder capitulation, cycle anchoring), the macro pivot (QT end, rate-cut path, fiscal dominance), gold’s 2025 lead, BTC in gold terms, and why better rails/custody unlock new cohorts. They also cover AI bubble optics, prediction-market mania, muni BTC pilots, IMF data on fiat depreciation since 1971, and fresh institutional signals (M&A, endowment flows). The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make. 🧠 Chapters 00:00 – Price check and sentiment reset 02:54 – Liquidity over cycles: the real driver 05:18 – Capitulation data and new buyer cohorts 12:36 – Gold leads; BTC in XAU terms 16:52 – Market structure: not a bull yet 24:44 – AI risk: concentration and circular ROI 31:47 – Portfolio mix: gold hedge, improving rails 34:35 – Block rails: pay dollars, settle in bitcoin 39:50 – Levered “treasury companies” vs real adoption 49:35 – Bitcoin muni pilots; IMF on fiat decay 52:56 – Institutional signals: flows and M&A 54:52 – Prediction markets and casino-ified risk 01:05:09 – Outlook: liquidity setup and path forward 💡 Subscribe & Stay Ahead Get Onramp’s weekly Research & Analysis: High-signal insights in bitcoin, macro, and custody. 📩 https://onrampbitcoin.com/research Subscribe to Onramp Media for more: 🎧 The Last Trade | Final Settlement | Scarce Assets
Global Liquidity Just Bottomed — Mel Mattison Says Bitcoin Will Rip Next
Mel Mattison argues that current market conditions present one of the best Bitcoin buying opportunities since April, with the cryptocurrency sitting at the bottom of a multi-year channel that historically precedes major upside moves. He predicts a 50% or greater Bitcoin price increase within the next four to six months as global liquidity shifts from one of the tightest stretches in years to a full surge, drawing parallels to historical market cycles and liquidity patterns.
100,000 Tech Layoffs This Week: Why Bitcoin Is Your Only Escape | Zuby
Zuby (@ZubyMusic) joins The Last Trade to reveal why bitcoin represents the greatest asymmetric opportunity for millennials and Gen Z - and why the journey from $100K to $1M will be MUCH easier than getting your first $100K. 🚨WHAT WE COVER: - Why 100,000+ tech workers just lost their jobs (and who's next) - The Nigerian hyperinflation story that opened Zuby's eyes to bitcoin - Why bitcoin ISN'T crypto - it's financial survival - The "escape velocity" principle: $0-$100K vs $100K-$1M - How AI will force you to become "ungovernable" or get left behind - Why the status quo is now your enemy (not your friend) 📊 SHOCKING STATS DISCUSSED: - Nigerian Naira: 1:1 with British Pound at independence → 2,000:1 today - 40% of all USD created in 18 months (2020-2021) - Top 5 companies laid off 100,000+ workers THIS WEEK - Bitcoin took 16 years to reach $100K (next 10x will be faster) 🎯 ZUBY'S BITCOIN THESIS: "Why would you choose money that works against you? Some random person can hit a button and drop your savings by 10%, 20%, 50%, 90%. Bitcoin is the only escape." WHO IS ZUBY? - Oxford Computer Science Graduate - Independent Rapper with 1M+ followers - Host of Real Talk with Zuby podcast - Joe Rogan Experience guest - Living proof that breaking from the status quo = freedom FOLLOW ZUBY: Twitter/X: @ZubyMusic Podcast: Real Talk with Zuby All platforms: Search "Zuby" ABOUT THIS EPISODE: Recorded October 30, 2025, this conversation captures a pivotal moment as mass layoffs accelerate and bitcoin crosses historic price levels. If you're under 40 and want financial freedom, this is required viewing. The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make. 00:00 – Intro: Zuby’s Journey & Why Bitcoin 04:38 – First Touch: 2017 Run-Up 07:36 – Through Volatility to Conviction 10:37 – Global Lens: Inflation & Currency Risk 13:57 – Creativity, Communication, Building 16:39 – Pain, Lessons, Financial Clarity 19:51 – Status Quo & Change Aversion 23:01 – Why Bitcoin for the Next Gen 34:10 – Bitcoin vs. Traditional Assets 42:41 – Generational Openings & S-Curves 53:18 – AI, Automation, Jobs Ahead 01:02:42 – Escape Velocity: Zero to Wealth 01:07:07 – Outro & Disclaimer
Liquidity Flood Incoming: Bitcoin’s About to Explode
This episode analyzes how improving liquidity conditions and the potential end of Federal Reserve quantitative tightening could drive Bitcoin prices higher in 2026. The hosts discuss the debasement trade gaining mainstream adoption and explore Bitcoin inheritance planning strategies with guest Gustavo Flores from AO.
Gold Is Pumping, Bitcoin Is Next — Inside the Debasement Trade with James Check
James Check analyzes the current Bitcoin market conditions, discussing the debasement trade and whether traditional four-year cycles are ending. The conversation covers Bitcoin's technical levels, macro liquidity conditions, and the shifting zeitgeist around hard assets like gold and Bitcoin as hedges against currency debasement.
Wall Street Joins the Sound Money Renaissance
Wall Street's biggest players are finally acknowledging the dollar debasement trade as Bitcoin reaches new all-time highs and gold hits $4,000. The episode explores how major investors like Ken Griffin, Paul Tudor Jones, and Ray Dalio are speaking openly about sovereign risk and the shift from fiat currencies to sound assets like Bitcoin and gold. The discussion covers ETF adoption, practical Bitcoin ownership strategies, and the global transition from inside money to outside money.
The Great Wealth Divide: Why Bitcoin & Gold Are Replacing Bonds
Tyler Neville joins to discuss the generational wealth divide caused by monetary policies since 2008 and explains why scarce assets like Bitcoin and gold are replacing traditional bonds in portfolios. The conversation covers the AI productivity shock's potential impact on labor and financial markets, plus growing institutional appetite for Bitcoin treasury companies and direct Bitcoin investment.
The Sovereign Shift: Bitcoin, Gold, & Nation-State Game Theory
This episode features Blake Killian, OnRamp's new Chief Marketing Officer, discussing nation state Bitcoin adoption and the Bitcoin Policy Institute's latest research. The conversation explores the relationship between Bitcoin and gold markets, focusing on education and clear messaging as key drivers for mainstream Bitcoin adoption.
Jeff Booth: Bitcoin Is Repricing the Entire World
Jeff Booth explains how Bitcoin is fundamentally repricing the global economy as we transition from a debt-based fiat system to a deflationary free market driven by technology. He discusses why individuals and businesses need Bitcoin for survival, analyzes the unsustainable $650 trillion global debt burden, and explores how AI and productivity advances are accelerating this monetary paradigm shift. Booth argues that true free markets are naturally deflationary and that Bitcoin represents the only path to economic abundance.
The Last Trade: The Death of Fiat Denominated Venture Capital
Early Riders Venture Fund announces the launch of 'Stables', a Bitcoin-denominated accelerator program providing 2-5 BTC funding and workspace for entrepreneurs. The program aims to attract traditional entrepreneurs to build Bitcoin-focused businesses with sound money principles as the foundation.
Monetary Reset Is Here: Bitcoin, Gold & the End of the Fed?
This episode explores the ongoing monetary reset with Treasury Secretary Scott Bessant criticizing Federal Reserve policies and their impact on Bitcoin and gold markets. The discussion covers how quantitative easing has distorted price signals, favored asset owners, and created regime uncertainty around inflation. The hosts analyze Bitcoin custody security concerns and recommend strategic allocation between Bitcoin and gold as protection against dollar devaluation.
The Sound Money Supercycle: Gold & Bitcoin vs. the Dollar
Corporate lawyer and Bitcoin analyst Jesse Cobberick examines the recent underperformance of Bitcoin treasury companies like MicroStrategy, which have surprisingly lagged behind Bitcoin itself over recent months. The discussion explores the sound money supercycle thesis and analyzes why leveraged Bitcoin corporate strategies have not delivered the expected outperformance that investors anticipated.
The 100-Year Reset with Luke Gromen: Gold, Bitcoin, and Fiat’s Demise
Luke Gromen explains why we are living through a once in a century global monetary reset and how major nations are repositioning themselves. He analyzes why gold and Bitcoin are both leading year to date performers as neutral reserve assets while traditional sovereign bonds lose their risk free status. The discussion covers central bank gold accumulation, the impact of Russian reserve sanctions, and why hard assets are essential for preserving wealth during this historic monetary transition.
The Big Red Button That’s Destroying Your Future
Joe Bryan, creator of What's the Problem and former derivatives trader at Goldman Sachs and Morgan Stanley, discusses the root causes of inflation and societal problems affecting home prices, family formation, and economic stability. He explains his transition from traditional finance to becoming a Bitcoin educator and advocate, emphasizing how Bitcoin addresses the fundamental monetary system issues rather than just treating symptoms.
Trump Opens the Floodgates: 401K Bitcoin Supercycle
Onramp Bitcoin Dynasty Trust Services Full deep dive report from Onramp The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make. 00:00 – Trump’s Executive Order on 401Ks and Bitcoin Access 03:30 – Private Equity, Retirement Plans, and Regulatory Implications 06:45 – ETF Access Constraints Across Major Banks and Wirehouses 09:20 – Impact of Passive Flows on Bitcoin Market Structure 13:30 – Debating the Future of Bitcoin Cycles and Sovereign Adoption 18:10 – Custodial Concentration and Systemic Risk Scenarios 21:45 – Macro Deterioration: Housing, Wages, and Regulatory Burdens 28:30 – Global Institutional Interest and Strategic Reserve Momentum 35:25 – Digital Asset Treasury Companies vs. Bitcoin Fundamentals 45:00 – Tether, Stablecoin Infrastructure, and Regulatory Trajectory 52:00 – Gold Revaluation, Real Yields, and the Cost of Capital 55:30 – Launching Onramp’s Bitcoin Dynasty Trust Services 01:05:45 – Closing Reflections, Outro, and Disclaimer
Bitcoin’s Wall Street Takeover: ETFs, BlackRock & The New Era with Eric Balchunas
Bloomberg's Eric Balchunas shares his 20-year journey covering ETFs and his pivotal role analyzing Bitcoin ETFs from their 2023 filings through their record-breaking 2024 launch. The discussion covers institutional demand, retail adoption, the bridging role of Bitcoin ETFs, and important considerations around counterparty risk versus accessibility for Bitcoin investors.
Former Blackstone Partner: ALL-IN on Bitcoin's Monetary Revolution
Former Blackstone partner David Fyer joins the podcast to discuss Bitcoin's institutional adoption and the ongoing monetary revolution. The conversation covers Bitcoin price action, market catalysts for 2025, and insights into BlackRock's Bitcoin ETF performance. Fyer brings a traditional finance perspective to Bitcoin's role in fiscal and monetary policy shifts while analyzing the balance between long term holders selling and new institutional buyers entering the market.
MetaPlanet, Bond Chaos, and Bitcoin’s Ascent with Mark Yusko
Mark Yusko from Morgan Creek Capital joins to discuss Bitcoin reaching new all time highs on Bitcoin Pizza Day and the macro forces driving adoption. The conversation covers the crisis in Japanese bonds, Bitcoin's role as a neutral reserve asset in a multi-polar world, and how institutional capital is flowing into Bitcoin treasury strategies.
The Bitcoin Arms Race, U.S. Strategic Advantage, and a Changing World Order with Matthew Pines
Matthew Pines from the Bitcoin Policy Institute explores how Bitcoin is evolving from a store of value into a tool of US statecraft amid global geopolitical competition. The discussion covers strategic Bitcoin reserves, bit bonds, and recent US-Saudi deals that signal a broader remonetization of assets like gold and Bitcoin. Pines analyzes how major powers are positioning themselves in an emerging Bitcoin arms race that could reshape the global monetary order.
Back Above $100K: The Great Bitcoin Awakening Has Begun
This episode explores Bitcoin's return above $100,000 and discusses the broader implications of fiat system collapse with guests Robert Breedlove and Brahm Consign. The conversation covers US states adopting strategic Bitcoin reserves, takeaways from the Strategy World Conference, and how Bitcoin serves as a solution to inflation and financial instability. The hosts examine how Bitcoin adoption will shape the future global financial system as awareness grows through price action.
BlackRock, Trump, and the Great Bitcoin Repricing
This episode analyzes BlackRock's historic Bitcoin ETF success and Larry Fink's bullish comments positioning Bitcoin as a store of value rather than a risk asset. The hosts discuss Bitcoin's current $87k price level and examine how institutional adoption through IBIT is reshaping market perception of Bitcoin as digital savings technology.
The Ultimate Savings Tech: How Insurance Fortifies Bitcoin's Promise
This episode analyzes Bitcoin's current price around $85,000 and explores why it remains undervalued despite bullish signals from BlackRock executives and US government Bitcoin acquisition plans. The hosts discuss Federal Reserve policy, global liquidity trends, and how Bitcoin functions as a risk-off asset during economic uncertainty. They examine the disconnect between public information supporting Bitcoin adoption and market pricing, attributing it to widespread misunderstanding of Bitcoin's monetary properties.
The U.S. Just Kicked Off the Bitcoin Gold Rush—Here’s What It Means
This episode analyzes Bitcoin's recent price action around $80,000 and the impact of Trump's executive order on the cryptocurrency market. The hosts discuss $5.2 billion in Bitcoin ETF outflows since February and why Bitcoin is still perceived as a risk asset despite its long term store of value properties. They explore how global market volatility affects Bitcoin pricing and the early stages of institutional adoption.
Everything’s Bigger in Texas: Front Running the U.S. SBR with Lee Bratcher of TBC
Lee Bratcher, founder of the Texas Blockchain Council, discusses the upcoming Texas Strategic Bitcoin Reserve bill expected to pass by March 2025. The conversation covers the rapidly changing landscape of Bitcoin policy at both state and federal levels, institutional adoption following the Trump administration, and the role of stable coins in supporting US treasury purchases.
The Last Trade E002: Gold, bitcoin, and the Fed with Larry Lepard
The Last Trade E004: The Dollar is Losing it's Reserve Status with Parker Lewis
The Last Trade E015: Bitcoin + NOSTR + AI: Utility Beyond Digital Gold with Max Webster
The Last Trade E024: Market Forces & Fed Reactions with Nik Bhatia
The Last Trade E026: Mining for Talent in Bitcoin with Andy Thompson
The Last Trade E044: Bitcoin Mining’s Next Epoch with Bob Burnett
The Last Trade E047: The Dollar Endgame with Peruvian Bull
The Last Trade E050: Bitcoin’s Monetary Realities with Bitstein
The Last Trade E054: Gold, Bitcoin, & Counterparty Risk with Mark Valek
The Last Trade E056: Dollar Uncertainty & the Remedy of Bitcoin with Mark Connors
The Last Trade E067: The Dire Debasement Dilemma with Gary Brode
The Last Trade E068: The Millennial Monetary Migration with Bram Kanstein
The Last Trade E078: Securing Six-Figure Bitcoin with Bram Kanstein
Bram Kanstein, newly appointed head of growth at Onramp and host of Bitcoin for Millennials, discusses his background in traditional finance and digital businesses. He shares insights on Bitcoin custody, the discovery of absolute digital scarcity, and why Bitcoin represents a fundamental monetary innovation. The episode explores strategies for securing significant Bitcoin holdings and the transition from traditional banking to Bitcoin financial services.
Fed Speak, Gold ATHs, DeepSeek, State-Level Adoption, & BTC Dominance
Why the US Government Needs $1M Bitcoin with Larry Lepard
Larry Lepard, author of The Big Print, explains why massive money printing is inevitable and how it could drive Bitcoin to $1 million. The discussion covers Federal Reserve policy conflicts, inflation statistics, and Bitcoin as protection against monetary debasement. Lepard analyzes the clash between Trump's desire for lower rates and Powell's inflation challenges.
Fort Knox Is Empty, Bitcoin Is the Reserve
This episode explores Bitcoin and gold as reserve assets amid speculation about a Fort Knox audit and discussions of physical delivery demand in gold markets. The hosts analyze Bitcoin price consolidation, counterparty risks in ETFs versus self custody, and institutional adoption trends including Paul Tudor Jones' Bitcoin position.
Final Settlement
23 gold-relevant episodes
OpenClaw Takeover & the Agentic AI Revolution
This episode analyzes OpenAI's acquisition of OpenClaw and explores how the agentic AI revolution is creating the technological backdrop for Bitcoin reaching million dollar prices. The hosts discuss the convergence of AI agents and cryptocurrency, examining how open source AI tools like OpenClaw are transforming productivity and automated systems.
Elon Says the Singularity Is Here — Why That Sends Bitcoin to $1M+
This episode explores how Elon Musk's comments about the technological singularity could drive Bitcoin to $1 million, examining the exponential growth potential versus linear thinking. The discussion covers Bitcoin's role as a counterparty risk-free asset amid changing market conditions, the disconnect between mainstream debasement trades choosing gold over Bitcoin, and why long-term holders should maintain conviction despite recent price volatility.
BitGo's $2.1B IPO & Silver's Surge: The Sound Money Reset Is Just Starting
This Final Settlement episode covers BitGo's $2.1 billion IPO announcement and the dramatic surge in precious metals markets, particularly silver which has added multiple Bitcoin market caps in recent months. The hosts analyze these movements as indicators of a broader flight to sound money as traditional currency systems face increasing pressure, while discussing the infrastructure being built during Bitcoin's current quiet period.
Goldman, State Street, NYSE: The TradFi-Crypto Takeover Is Underway
This Final Settlement episode covers the Digital Asset Clarity Act markup period and the contentious debate over stablecoin yield offerings. The hosts analyze Coinbase's decision to withdraw support from the bill and examine how traditional banks are lobbying against crypto regulations that could threaten their deposit monopoly.
Inside Venezuela's Regime Change, Global Asset Seizures, Dollarization & Currency Wars
The Final Settlement hosts analyze major developments including Venezuela's regime change and potential 600,000 Bitcoin seizure, while discussing how the US may force dollarization through stablecoins in occupied territories. The episode covers persistent inflation as 2025's dominant theme, with gold, silver, and Bitcoin all surging as scarce assets, plus institutional adoption trends and regulatory shifts heading into 2026.
The Truth About Tether, Stablecoins & JPMorgan’s Quiet Bitcoin Bet
This episode examines S&P's downgrade of Tether to weak stability rating due to Bitcoin and gold holdings in reserves, analyzing the $180 billion USDT backing structure. The hosts discuss Arthur Hayes' analysis of Tether's overcollateralization and Paulo Ardoino's response to stability concerns. The episode also covers broader stablecoin market dynamics and institutional Bitcoin adoption trends.
The Banks Are Here — JPMorgan Just Made Bitcoin Collateral
This episode discusses JPMorgan's groundbreaking decision to accept Bitcoin and Ethereum as loan collateral by year end, marking a significant shift in traditional banking's approach to cryptocurrency. The hosts analyze how this development represents a new epoch in asset collateral progression, moving from gold pre-1971 to treasuries post-1971, and now to Bitcoin. The episode also covers OnRamp's new business custody product for institutional Bitcoin treasury management and multi-institution governance controls.
Citi, Schwab, Nubank, & Aureo: The Global Bitcoin Race for 21 Million
This episode covers major developments in global Bitcoin regulation including UK retail access to Bitcoin ETPs through FCA approval and Japan's discussions on allowing banks to trade crypto. The hosts interview Gustavo Flores, CEO of Aureo, discussing institutional Bitcoin adoption trends and the international race for cryptocurrency market access as traditional financial institutions recognize the monetary opportunities in digital assets.
Altcoins Implode, Bitcoin Stands Strong: A Masterclass in Signal vs Noise
This Final Settlement episode analyzes recent cryptocurrency market volatility where altcoins crashed while Bitcoin remained relatively stable. The hosts discuss their experience at Texas blockchain conferences and the growing institutional interest in the debasement trade as a hedge against monetary policy.
Debasement Endgame: Bitcoin ATHs, Gold Near $4K, & Bonds Bleeding
This episode covers Bitcoin reaching new all-time highs above $125,000 alongside gold approaching $4,000, exploring the growing debasement trade narrative. The hosts discuss how major institutions like Morgan Stanley are now recommending 2-4% Bitcoin allocations as both assets outperform traditional markets amid dollar weakness. They analyze the shift from traditional 2% disaster hedge allocations to 20-25% recommendations as mainstream finance awakens to digital gold concepts.
Tether's Fedcoin, Thailand Banking Crisis, & The Shifting Monetary Order
This Final Settlement podcast episode examines Thailand's recent banking crisis where authorities froze accounts to target criminal activity but caught honest citizens in the process. The hosts discuss how this highlights the importance of bitcoin self custody and multi-institution custody solutions as alternatives to traditional banking systems that have single points of failure. They explore the risks of bitcoin ETFs and custody products that still rely on counterparties, emphasizing bitcoin's role as outside money without dependencies.
Trump Nationalizes Intel, Fed Turns Dovish & Warms the Money Printer
This episode covers Trump's announcement that the US government now owns 10% of Intel and the implications of increased government intervention in private companies. The hosts also discuss the Federal Reserve's dovish monetary policy stance and introduce new Bitcoin custody security features including withdrawal delays and blockchain-based authentication protocols.
Bitcoin & Gold Are Money, Everything Else is Credit
This episode examines Harvard University's historic $17 million Bitcoin ETF allocation through their $53 billion endowment, representing a market-weight 0.2% position. The hosts discuss how major institutions are treating Bitcoin and gold as similar sound money assets, with Bitcoin often receiving larger allocations than gold. The conversation explores the broader implications for institutional adoption and whether other university endowments will follow Harvard's lead in gaining Bitcoin exposure.
Liquidity Begets Liquidity: $123K Bitcoin and the Incoming Supply Shock
Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology. 00:00 - Bitcoin's All-Time Highs and Market Dynamics 14:53 - The Role of ETFs and Retail Interest in Bitcoin 21:52 - Venture Capital and Strategic Capital Allocation 29:47 - Counterparty Risks and Market Stability 31:38 - The Gambling Nature of Crypto Markets 33:43 - Market Structure and Bitcoin Dominance 36:01 - Retail vs. Institutional Demand in Crypto 40:12 - Privacy and Decentralization in the Age of AI 44:41 - Wages, Inflation, and Bitcoin Accumulation 47:44 - The Evolution of Bitcoin Mining 52:35 - Convergence of AI and Bitcoin 57:57 - Historical Perspectives on Capital and Control
Efficiency Is Alpha: AI Disruption & the Return to Sound-Money Investing
Clay Norris, venture capitalist and Bitcoin maximalist, joins to discuss the intersection of traditional venture capital and sound money investing. The episode covers Robin Hood's major crypto announcements including tokenization of private companies like SpaceX and OpenAI, and explores how Bitcoin principles are influencing broader capital allocation strategies. The discussion examines the growing demand for private market access and the role of efficiency in generating alpha returns.
Texas Goes ALL-IN on Bitcoin: Front Running Federal Accumulation
Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology. 00:00 - Introduction and Overview of Recent Developments 02:48 - Stablecoins and Regulatory Changes 06:43 - Market Dynamics and Institutional Trust 10:56 - Texas Bitcoin Reserve Legislation 14:42 - Custody Solutions and Security Risks 20:57 - Technological Revolutions and Market Perception 32:14 - Navigating Competition in Crypto Markets 33:39 - The Zero-Sum Nature of Bitcoin Trading 36:33 - Counterparty Risks and Market Dynamics 38:34 - The Role of Institutional Adoption in Bitcoin's Future 41:59 - Understanding Bitcoin's Volatility and Market Behavior 45:29 - The Future of Money and Digital Assets 46:39 - The Impact of Capital Constraints on Business Growth 49:36 - Bitcoin as a Conservative Capital Strategy 52:06 - Building Sustainable Businesses in a Bitcoin Economy 56:43 - Counterparty Risk in Gold and Bitcoin Markets
Long Chaos, Short Trust: Bitcoin is the Modern Safe Haven
This Final Settlement episode examines Bitcoin's performance during recent geopolitical events, highlighting its resilience as it quickly recovered from a dip to $103K back over $107K. The hosts discuss how Bitcoin has emerged as a modern safe haven asset, outperforming traditional assets like gold during crisis periods, and explore the bullish impact of stablecoin adoption on Bitcoin's long-term prospects.
Flash Forward: From Monetary Asset to Everyday Money
Flash CEO Pierre Corbin joins to discuss his takeaways from the Bitcoin Vegas conference, focusing on the tension between Bitcoin as a store of value versus its role in payments. The conversation covers Square's Lightning network announcements generating 9.7% yields, the importance of self-custody Bitcoin, and the ongoing development of Bitcoin as a medium of exchange rather than just a treasury asset.
Tariffs, Treasuries & $100K BTC: Decoding the China-US Deal’s Ripple Effects
The hosts discuss Bitcoin's market reaction to the new China-US tariff deal and rising Treasury yields reaching 4.5%. They analyze Bitcoin's unique position as both a risk-on and risk-off asset while examining the latest Bitcoin treasury company developments including Nakamoto's $750 million raise.
The New Ponzi Stack? Solana Treasuries, Stablecoins, & Crypto Exit Games
This Bitcoin podcast episode features Brian Cabllis discussing Bitcoin dominance trends, cryptocurrency market volatility, and regulatory developments including stablecoin legislation. The conversation covers Bitcoin custody evolution, altcoin market dynamics, and investment opportunities in the digital asset space while examining recent developments with major crypto exchanges like Binance.
Beyond Store of Value: Bitcoin and Lightning Are the Real FinTech Opportunity
Pierre Corbin of Flash Payments and Graham Kriezik of Voltage discuss Bitcoin's evolution beyond digital gold to realize its full potential as peer-to-peer electronic cash. The conversation explores how Lightning Network and other Bitcoin protocols enable superior payment systems compared to traditional fintech solutions. They examine whether Bitcoin would fail if it remained only a store of value versus becoming a true medium of exchange as originally envisioned in Satoshi's whitepaper.
Are Bitcoin Treasury Companies the New Altcoin ICOs?
The hosts discuss the rise of Bitcoin treasury companies in 2025, comparing them to the ICO craze and examining whether corporate Bitcoin adoption creates inorganic demand. They analyze the Hut 8 and Eric Trump partnership launching American Bitcoin, debating the effectiveness of Bitcoin treasury strategies versus direct Bitcoin ownership for investors.
Final Settlement E005: Federated Systems with Tony & Ben from Mutiny
Scarce Assets
13 gold-relevant episodes
Gold at $5,000 Is Just the Beginning | Jeroen Blokland
Multi-asset investor Jeroen Blokland explains the massive rally in precious metals and his prediction that gold reaching $5,000 per ounce is just the beginning. He discusses his investment approach combining scarce assets like Bitcoin, physical gold, and quality stocks as a hedge against debt monetization and geopolitical uncertainty.
Bitcoin Is Quietly Replacing Land as a Store of Wealth
This episode explores how Bitcoin is becoming a preferred store of wealth over traditional assets like land, featuring Vance Crowe, founder of Legacy Interviews. The discussion covers Bitcoin's unique properties as a scarce, portable, and durable asset that preserves wealth against currency debasement. Crowe shares his unconventional career journey from deckhand to entrepreneur, highlighting the importance of pursuing meaningful work and building genuine connections with people from diverse backgrounds.
Former Sprott CEO: Gold Has Now Replaced Bonds — A New Monetary Order Is Here
Former Sprott CEO Peter Grosskoff analyzes gold's remarkable 50% performance in 2025, reaching over $4300 per ounce and becoming the best performing asset year to date. The discussion covers central bank gold accumulation, institutional adoption trends, and why gold is increasingly viewed as a defense against currency debasement. Grosskoff also discusses his new venture Argo, a precious metals platform offering direct vault gold ownership.
A Wealth Advisor’s Wake-Up Call: Inflation, Longevity Risk, & Why Bitcoin Fits
Wealth advisor Stu Bradley from High Tower shares his personal Bitcoin awakening story that began at a Smoothie King when he witnessed purchasing power deterioration firsthand. The conversation explores how financial advisors are incorporating Bitcoin into wealth management strategies for high net worth clients, covering topics like inflation hedging, longevity risk, and the evolving economic landscape. Bradley discusses his international finance background and why Bitcoin makes sense as a scarce asset for wealth preservation in today's monetary environment.
Broken Money with Lyn Alden: The Technological Arc of Money and Power
Lyn Alden explores the technological evolution of money from shells and tobacco to Bitcoin, explaining how each advancement in communication and settlement technology has reshaped monetary control and power structures. She argues that Bitcoin represents the completion of digital money technology and could reverse the trend toward excessive financialization that has dominated recent decades.
Veteran Fund Manager: Bitcoin and Gold Will Crush Traditional Portfolios
Veteran fund manager Yurun Bachland, founder of the Blockland Smart Multi-Asset Fund, explains his investment strategy combining Bitcoin, gold, and quality equities to preserve wealth in the current macro environment. The discussion covers global liquidity trends, Bitcoin institutional adoption, and why traditional portfolio construction no longer works in today's market conditions.
The Great Repricing: Gold, Bitcoin, and the End of Easy Money
This episode features Josh Far, founder of Scottsdale Mint and Wyoming Reserve, exploring the convergence between precious metals and Bitcoin as sound money alternatives. The discussion covers institutional adoption of both gold and Bitcoin, the flaws in current monetary policy, and how nation states are reclaiming ownership of strategic scarce assets. Far shares his 20 years of experience in precious metals and his bullish perspective on Bitcoin as a complement to traditional store of value assets.
Multipolar Investing: Geopolitics, Risk, and the End of the 60/40 Portfolio
Rob Larity and Jacob Shapiro from Bespoke Group explain how the unipolar era is ending and regional power blocks are reshaping global trade and investment strategies. They discuss why US treasuries are no longer risk-free assets and how scarce, liquid assets like Bitcoin and gold are becoming essential as trust in sovereign debt erodes. The conversation covers not just what assets to own, but critically how and where to own them in this new multipolar world.
Inside the Monetary Reset: Why Gold and Bitcoin Must Go Higher
David Foley and Larry Leard analyze the ongoing monetary reshuffling that favors sound money assets like gold and Bitcoin over traditional fiat currencies. They discuss rising market volatility, the looming sovereign debt crisis, and how recent tariff announcements are accelerating the move away from a US dollar centric system. The conversation covers why both gold and Bitcoin are positioned for significant repricing as trust in traditional financial systems continues to collapse.
The Next Bretton Woods Is Here: Inflation, Bitcoin, and the Global Reset
Why Institutions Still Don’t Get Bitcoin—And What Will Change That
Bob Griffin, founder of Cactus Peak Digital, discusses the barriers preventing institutional adoption of Bitcoin despite recent ETF launches and regulatory clarity. With over 17 years in traditional finance including pension fund management, Griffin shares insights on what will drive mainstream institutional acceptance. The conversation explores Bitcoin's unique supply dynamics and its role as a wealth preservation asset in an inflationary environment.
The Scarcity Paradigm: Wealth Preservation in an Era of Debasement
Why the Traditional 60/40 Portfolio Is Dead with Argo Chairman Peter Grosskopf
Peter Grosskopf, Chairman of Argo and former CEO of Sprott, discusses why the traditional 60/40 investment portfolio model is no longer viable in today's economic environment. He explores gold's role as a wealth preservation asset as it approaches $3,000 per ounce, driven by mounting US debt and deficits. Grosskopf shares insights from his 35+ years in financial services and explains the importance of physical gold allocation versus paper claims.
The New Frontier
1 gold-relevant episodes
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