The Last Trade E043: Bitcoin Fixes This with Larry Lepard & David Thayer

Larry Lepard and David Thayer join The Last Trade for a wide-ranging conversation on how Bitcoin fixes the deep structural failures of the fiat financial system. Larry draws on his decades of experience in private equity to expose how portfolio companies are fraudulently marked up and why embedded losses in the system are vastly larger than admitted. David brings a liberty-focused perspective, arguing that Bitcoin is the essential tool for anyone serious about protecting property rights and reversing the trend of government overreach. The episode covers self-directed IRAs, the ETF as an on-ramp for new demographics, and how OnRamp's multi-institution custody model represents the next evolution for serious Bitcoin holders. Both guests close with a rallying call: Bitcoin is the rare opportunity to both protect wealth and affect positive social change.