Explorez tous les épisodes du podcast Onramp Bitcoin Media
| Titre | Date | Durée | |
|---|---|---|---|
| Davos Laughs at BTC, Crypto Dies, & Gold Adds $20 Trillion | THE ₿ROADCAST EP. 22 | 24 Jan 2026 | 01:14:27 | |
In Episode 22 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and SPECIAL GUEST Jackson Mikalic break down the most important Bitcoin and macro developments from the past few weeks. 00:00 - Coinbase CEO vs. French Central Banker 06:28 - The Elites Have No Clue 10:22 - Davos 2025: Something Shifted 16:39 - Crypto Is Dead, Bitcoin Wins 37:09 - Gold Added $20 Trillion — Bitcoin Is Next 44:46 - The Most Unfalsifiable Ledger Ever Created 54:01 - Why This Takes Longer Than You Think 1:08:10 - Why Hasn't Michael Burry Figured Out Bitcoin? The ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET. | |||
| Why Gold's $20 Trillion Rally Is Actually Bullish For Bitcoin | 23 Jan 2026 | 00:56:14 | |
The Last Trade: Davos signals a shift in the monetary order as sovereign debt cracks, gold leads, and bitcoin emerges as a neutral alternative. --- 🔸 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 UPCOMING WEBINAR: https://us06web.zoom.us/webinar/register/1517685004120/WN_yC29RjYoQsq6KyjyYH4ouA 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 At the World Economic Forum, bitcoin, sovereign debt, and the durability of the fiat system were debated more directly than ever before. We break down Brian Armstrong’s exchange with the Bank of France, Ken Griffin’s warning on fiscal fragility following Japan’s bond shock, and Ray Dalio’s blunt assessment that “the monetary order is breaking down.” Rather than focusing on short-term price action, the conversation centers on order of operations: why gold absorbs the first wave of sovereign stress, why central banks are quietly repricing reserves, and why bitcoin increasingly earns the bid as a neutral, issuer-less alternative in a world of rising political and monetary risk. We also explore Trump’s push for U.S. leadership in digital assets, the state of market structure legislation, and why regulatory clarity matters more for plumbing than price. From there, we connect the dots between stablecoin proliferation, reserve credibility, and why paper claims versus true ownership will matter more in the next phase of this cycle. The episode closes on AI, fiscal “Hail Mary” thinking, and why technology-driven deflation colliding with policy-driven debasement only raises the premium on sound savings. 🧠 Chapters 00:00 — Bitcoin Price Noise vs Monetary Signal 02:17 — Gold’s Breakout & the Order of Operations 09:12 — Davos Confronts Issuer-Less Money 21:09 — Sovereign Debt & the AI Escape Fantasy 29:55 — Trust Erosion, Taxes, & Counterparty Risk 36:06 — Why This Isn’t a Reflexive Bitcoin Cycle 41:32 — Market Structure, Policy Signals, & Access 45:52 — Quantum Risk Narratives & Allocation Behavior 47:58 — Stablecoins as Rails, Bitcoin as Reserve 51:18 — Practical Frameworks & Closing Thoughts 💡 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 | |||
| Goldman, State Street, NYSE: The TradFi-Crypto Takeover Is Underway | 20 Jan 2026 | 01:05:13 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 02:22 - The Clarity Act Markup + Stablecoin Yield Fight 16:48 - State Street Joins the Crypto Rush 22:01 - Goldman: Tokenization + Prediction Markets 24:04 - Distributions Versus Niches in Bitcoin Infrastructure 32:06 - TradFi Floodgates into Digital Assets 33:21 - Consumer Versus Enterprise Stablecoin Adoption 42:18 - Latest In Digital Asset Infrastructure Fundraises 55:56 - AI Tools Impact on Entrepreneurship If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/research Links discussed: https://fortune.com/2026/01/14/alpaca-fundraise-series-d-brokerage-infrastructure/ https://www.bloomberg.com/news/articles/2026-01-15/state-street-is-joining-crypto-rush-with-digital-asset-rollout https://www.theblock.co/post/385924/belarus-authorizes-cryptobanks https://x.com/TheOneandOmsy/status/2011673735065939979?s=20 https://www.coindesk.com/business/2026/01/14/germany-s-second-largest-lender-dz-bank-secures-retail-crypto-trading-mica-license https://coinpedia.org/crypto-live-news/standard-chartered-to-launch-crypto-prime-brokerage https://bitcoinmagazine.com/news/21shares-launches-bitcoin-and-gold-etp https://decrypt.co/354542/visa-partners-with-bvnk-to-enable-stablecoin-payouts-on-visa-direct https://x.com/BitcoinMagazine/status/2013205830288499021?s=20 https://x.com/Houlgrave/status/2012208491578950089?s=20 https://www.theblock.co/post/386048/anchorage-digital-could-raise-up-to-400-million-as-ipo-rumors-swirl-bloomberg https://www.rain.xyz/resources/rain-raises-250m-series-c-to-scale-stablecoin-powered-payments-infrastructure-for-global-enterprises Keep up with Michael: https://x.com/MTanguma https://www.linkedin.com/in/mtanguma/ Keep up with Brian: https://x.com/BackslashBTC https://www.linkedin.com/in/brian-cubellis-00b1a660/ Keep up with Liam: https://x.com/Lnelson_21 https://www.linkedin.com/in/liam-nelson1/ | |||
| Bitcoin Supercycle: The Last Trade Is Here | Marty Bent | 16 Jan 2026 | 01:11:58 | |
The Last Trade: Marty Bent breaks down bitcoin’s 2026 setup, Fed vs Treasury tension, and why the denominator is breaking. --- 🔸 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 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 Marty Bent (TFTC) joins the show to explain why 2025 looked like a year of consolidation, how tax-loss harvesting and year-end positioning may have created artificial pressure, and why the next leg could be driven by something deeper than a typical cycle narrative. We discuss the “Last Trade” order of operations, where gold and silver absorb the first wave of sovereign and institutional stress, and Bitcoin increasingly earns the bid as the superior digital reserve asset. We also dig into the growing public tension between the Fed and Treasury, why “independence” is starting to look like theater, and how trust erosion is becoming a primary macro driver. From there, we debate the role of stablecoins as rails versus money, the risks of CBDC/digital ID creep, and why sovereignty still has a high bar. Finally, we close on AI: the productivity unlock for high-agency builders, the coming barbell economy, and why sound savings matter more in a world where technology accelerates deflation while policy accelerates debasement. 🧠 Chapters 00:00 — Marty Bent Returns & Bitcoin Starts 2026 Strong 05:52 — Sovereign Stress & Bitcoin as a Neutral Reserve 12:14 — Fed vs Treasury, Monetary Authority, Trust Erosion 17:13 — Fraud, Waste, & the Hard Asset Rotation 27:24 — Stablecoins, CBDCs, Digital ID Risk 34:28 — AI, Privacy, Productivity, Agency Divide 52:07 — Gold & Silver Dislocations, Physical vs Paper 58:03 — Broken Denominator, Supercycle Framing 01:08:53 — Guest Requests & Onramp Update 01:11:27 — Outro & Disclaimer 💡 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 | |||
| RIA Founder: TradFi Can’t Ignore Bitcoin Anymore | 14 Jan 2026 | 00:59:13 | |
Scarce Assets: Alex Pron explains why wealth managers are finally embracing Bitcoin, how Wall Street distribution changes the market, & why long-term conviction matters more than cycles. --- 🔸 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 Jackson Mikalic on X --- https://x.com/macrojack21 Alex Pron on X --- https://x.com/Crossover_Alex 🎙️ About This Episode Alex Pron, Founder and Wealth Strategist at CrossOver Capital Advisors, joins Scarce Assets for a deep conversation on Bitcoin’s maturation inside traditional wealth management, the slow capitulation of Wall Street, and why Bitcoin’s fundamentals are strengthening even when price action lags. Alex shares his journey from EY and Merrill Lynch to launching an independent RIA so he could fully educate clients on Bitcoin as part of a fiduciary portfolio framework. Today, nearly 90% of his clients hold Bitcoin exposure. We discuss why most investors still misunderstand Bitcoin’s supply dynamics, how ETFs created Bitcoin’s “IPO moment,” why 2025 price action frustrated expectations, and how institutional distribution may permanently change market structure. The conversation also explores Bitcoin’s role in divorce settlements, long-term portfolio construction, AI-driven deflation, and why the four-year cycle may be fading. Topics covered include: - Why Alex left Merrill to build a Bitcoin-forward RIA - The simple portfolio math that helps clients understand Bitcoin risk - How ETF liquidity enabled whale distribution without collapsing price - Bitcoin vs crypto: strategic allocation vs speculative exposure - Vanguard, Merrill, Bank of America & Morgan Stanley’s quiet pivot - Why 2025 fundamentals improved while price disappointed - The “Bitcoin IPO moment” and what comes after it - AI, scarcity, and why Bitcoin differs from gold and commodities - Why time horizon matters more than timing the market - How advisors help clients stay committed through volatility Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets. 🧠 Chapters 00:00 — Wealth Management Meets Bitcoin 07:33 — How Bitcoin Changed an RIA’s Market Lens 13:39 — The Supply Story: Scarcity, Issuance, and 21M 19:27 — Bitcoin vs Crypto: Portfolio Roles and Risk 25:23 — Where Bitcoin Demand Comes From Next 30:32 — 2025: Price Action vs Fundamentals (What Happened) 41:31 — AI, Deflation, and Why Bitcoin Differs From Metals 54:46 — Sentiment, Cycles, and the Long-Term Setup 58:42 — Outro and Disclaimer 💡 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 | |||
| Why Morgan Stanley, Walmart, Rumble & Silicon Valley Are Betting BIG on Bitcoin | 13 Jan 2026 | 01:02:02 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:30 - Morgan Stanley's Bitcoin ETF Filing 12:30 - Rumble and Tether's Crypto Wallet Launch 18:07 - Walmart's One Pay Bitcoin Integration 29:49 - Early Riders Team Updates 31:58 - The White Paper: A Manifesto For All Future Capital Allocation 34:26 - Building Bridges: Traditional Finance Meets Bitcoin 36:47 - The Bitcoin Standard: A New Era of Capital Formation 38:46 - Debasement and the Search for Sound Money 43:30 - The Future of Venture Capital: Aligning Incentives 47:03 - AI and the New Age of Entrepreneurship 55:24 - Onramp for Everyone: Expanding Access to Bitcoin If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: https://bitcoin.docsend.com/view/aan9dw6fkd2z746e https://www.bloomberg.com/news/articles/2026-01-09/walmart-backed-super-app-onepay-hits-4-billion-valuation?embedded-checkout=true https://www.msn.com/en-us/money/savingandinvesting/morgan-stanley-is-betting-big-on-digital-assets-workplace-services-and-private-markets-how-they-tie-together/ar-AA1TP8N5 https://x.com/sytaylor/status/2009236033603244517?s=20https://www.bloomberg.com/news/articles/2026-01-12/stanchart-said-to-prepare-crypto-expansion-with-prime-brokerage?embedded-checkout=true https://x.com/faryarshirzad/status/2008898606317687058?s=20 https://x.com/aakashgupta/status/2007666720656511233 https://decrypt.co/353693/morgan-stanley-registers-bitcoin-solana-funds-sec https://corp.rumble.com/blog/rumble-and-tether-launch-crypto-wallet-for-creator-economy/ Keep up with Michael: https://x.com/MTanguma https://www.linkedin.com/in/mtanguma/ Keep up with Brian: https://x.com/BackslashBTC https://www.linkedin.com/in/brian-cubellis-00b1a660/ Keep up with Liam: https://x.com/Lnelson_21 https://www.linkedin.com/in/liam-nelson1/ | |||
| Bitcoin Just Forced Wall Street’s Hand (THE ₿ROADCAST — EP. 21) | 10 Jan 2026 | 01:13:02 | |
In Episode 21 of The ₿roadcast, Bram Kanstein, Michael Tanguma, and Brian Cubellis break down the most important Bitcoin and macro developments from the past few weeks. The conversation centers on Morgan Stanley’s Bitcoin ETF filing, what it really signals about institutional demand, and why the shift from “allowed” to “recommended” marks a new phase of adoption. From AI-driven abundance and information slop to Bitcoin’s role as a verifiable truth anchor, the episode connects Wall Street, custody, regulation, energy, and game theory into a single framework. 00:00 — Bullish on Bitcoin (We’re Back) 03:40 — AI, Vibe Coding, and the Return of the Builder Era 08:10 — Morgan Stanley Files a Bitcoin ETF 12:45 — From Access to Recommendation 17:30 — Financialization, Collateral, and Bitcoin’s Wall Street Endgame 22:20 — “Bear Market” Psychology vs Structural Reality 27:40 — The Supply Problem No One Is Positioned For 32:10 — Gold, Bonds, and the Real Rotation Trade 36:50 — Regulation Signals: The Clarity Act & Political BTC Buys 41:20 — Venezuela, Sovereign Bitcoin, and Strategic Reserves 46:30 — AI, Consciousness, and the Coming Slop Era 52:10 — Bitcoin as a Truth Anchor 57:40 — Prediction Markets, Degeneracy, and Growing Pains 1:01:30 — Hashrate: The Signal That Never Lies 1:06:10 — The Real Adoption Bottleneck: Custody & Physical Risk 1:12:30 — CNBC Panic, Monetary Debasement, and the Inevitable Trend 1:15:40 — Final Thoughts + Where Should We Meet in 2026? The ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET. | |||
| Morgan Stanley & Bank of America Signal a New Bitcoin Era | 09 Jan 2026 | 01:27:38 | |
The Last Trade: Morgan Stanley’s ETF filing and Bank of America’s allocation guidance mark a shift in Bitcoin’s market structure. We discuss institutional flows, the limits of cycle models, and why custody risk is becoming central to adoption. --- 🔸 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 In the first Last Trade of 2026, we unpack why Morgan Stanley’s ETF filing and Bank of America’s advisor rollout are major signals of Bitcoin’s institutional maturation. We discuss how shifting access and solicitation may reshape the cycle debate, why fundamentals can strengthen even when price chops, and what it means that Bitcoin settled roughly $25T in value in 2025. We also explore the rise of “long degeneracy” as a symptom of broken incentives, then close on the part of adoption most people avoid: custody risk. As Bitcoin’s value grows, so does the incentive for attacks and concentration failures, which is why market structure and resilient custody models matter more than ever. 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 — Why This Year Feels Different for Bitcoin 02:05 — Morgan Stanley’s ETF Filing & Institutional Demand 11:30 — Sentiment vs. Fundamentals: 2026 Bitcoin Setup 21:34 — Degeneracy, Nihilism, Work, & Money 34:12 — Agency, AI, & the Future of Wealth Creation 37:14 — Dead Internet, Slop, & the Return to Analog Signal 39:22 — Running It Hot: AI, Growth Narratives, & Asset Inflation 43:09 — Fraud, GDP, & the Trust Breakdown 49:43 — Institutional Trust Erosion & Market Consequences 53:17 — Mimetic Momentum: What Ignites the Next Reflexive Move 01:04:10 — Gold vs. Bitcoin: Wealth Effects & the Broken Denominator 01:07:56 — Custody Risk Comes Into Focus 01:22:16 — Market Structure, Custody, & Bitcoin’s Path Forward 01:27:08 — Outro & Disclaimer 💡 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 | |||
| Inside Venezuela's Regime Change, Global Asset Seizures, Dollarization & Currency Wars | 05 Jan 2026 | 01:05:22 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Welcome Back and Market Overview 02:47 - Inflation and Asset Trends 05:44 - Regulatory Changes and Institutional Adoption 08:53 - Security Risks and Custody Solutions 11:52 - Market Sentiment and Long-Term Thinking 14:57 - The Role of AI and Future Predictions 33:15 - Navigating the Content Proliferation Challenge 35:59 - The Future of Value in Digital Content 40:19 - Stablecoins vs. Bitcoin: The Future of Transactions 42:10 - Tether's Strategic Positioning in Global Markets 48:43 - The Shift of Talent and Capital to Favorable Jurisdictions 56:17 - Understanding the Economic Landscape and Future Opportunities If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| 2025 Recap w/ Matt Odell: Gold's Run, DAT Reckoning, Quantum FUD + 2026 Predictions | 26 Dec 2025 | 01:29:51 | |
The Last Trade: Matt Odell on the 2025 postmortem: why BTC lagged gold, how DATs wrecked sentiment, what the quantum debate gets wrong, and what changes when institutions take the wheel. --- 🔸 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 Matt Odell: https://odell.xyz 🎙️ About This Episode With Matt Odell in the studio, we run a proper 2025 postmortem: why the “OGs are dumping” narrative never dies, what actually changes when Bitcoin’s liquidity deepens, and why it’s healthy (not bearish) for long-term supply to distribute over time. From there, we tackle the elephant in the room: gold and equities ripped while BTC chopped. Matt’s take is simple and brutal, retail is broke, capital is hiding in perceived safe havens, and Bitcoin still gets treated like a high-risk tech trade if you don’t understand self-custody. We also dig into the October break in the crypto casino and how forced sellers can pin price even when long-term fundamentals look strong. Then we get honest about the cultural and structural fallout from “Bitcoin treasury companies” & DATs: how leverage-on-leverage turned into a negative feedback loop, why board seats and influencer incentives distorted the narrative, and why the only benchmark that matters is whether these wrappers can actually beat spot bitcoin over time. Finally, we hit the quantum panic. Matt lays out a sober framework: upgrade carefully, opt-in where possible, don’t rush into untested cryptography, and don’t even flirt with protocol-level seizures or “freezing” coins. If Bitcoin compromises neutral property rights to “save” the market, it’s no longer Bitcoin. We close with what this all implies for 2026: whether cycles are fading, where the next reflexive move could come from, and why the most bearish sentiment is often the best tell. 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 - Christmas Greetings + Why 2025 Felt So Weird 01:42 - “OGs Dumping” Bitcoin: Meme Narrative vs. Reality 03:35 - Liquidity, Distribution, & Engagement Bait 06:24 - Sentiment, Macro, & the “Quiet Depression” View 09:42 - Institutions, ETFs, & How Market Structure Changes the Cycle 12:35 - DATs / Treasury-Co Mania: Why It Took Over 2025 16:27 - Cultural Fragmentation + Incentives 22:36 - Quantum FUD Deep Dive 45:25 - Why the Next Move Will Catch People Offside 48:25 - Centralization Risk, Custodians, & How a Fork Would Play Out 55:28 - Why Quantum Became the “Last Remaining FUD” 59:11 - Stablecoins, Tether, & the Institutional Rails Story 01:02:20 - SBR: Expectations vs. Reality + 2026 Scenarios 01:06:20 - Gold’s Run, the Debasement Trade, & the Bitcoin Setup 01:10:27 - 2026 Outlook: Cycle Theories & What Could Flip the Switch 01:29:21 - Outro & Disclaimer 💡 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 | |||
| 2025 Recap + 2026 Predictions: Real Signals, Fake Noise, & BTC's Path to $250K | 22 Dec 2025 | 01:08:45 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Year-End Reflections and Top Deals 12:45 - Market Signals and ETF Flows 25:13 - Stablecoins and Digital Asset Integration 28:19 - Noise in the Market: DATs and Cycle Theory 35:26 - Reevaluating Bitcoin Cycles 36:01 - The Quantum Debate 37:09 - Predictions for Bitcoin's Future 41:39 - Market Dynamics and Predictions 53:45 - Innovative Banking Solutions for 2026 59:55 - The Future of Multi-Institution Custody If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Why Saving Died, Markets Became Casinos, & Young People Are Trapped | Jeff Deist | 19 Dec 2025 | 01:22:09 | |
The Last Trade: Jeff Deist explains why “saving” died in the fiat era, how markets morphed into a casino, why gold is quietly re-monetizing, and what Bitcoin’s financialization gets dangerously wrong as younger generations face a broken denominator, housing despair, and a culture of Hail Mary bets. --- 🔸 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 Jeff Deist on X: https://x.com/jeffdeist 🎙️ About This Episode With Jeff Deist (General Counsel at Monetary Metals, former President of the Mises Institute, former Chief of Staff to Ron Paul), we go back to first principles: what Austrian economics actually is, why “macro” often becomes storytelling, and how sound money frames human cooperation, scarcity, and long-term civilization building. From there, we diagnose the modern U.S. economy through Deist’s lens: the post-1982 debt era, collapsing savings as a virtue, and the way suppressed rates turned equities and housing into de facto “savings accounts.” Jeff argues this is why under-40s feel trapped, why wealth inequality becomes socially corrosive, and why a culture that can’t save drifts toward speculation, despair, and even prediction markets as financialized entertainment. We then zoom in on gold’s breakout year and what it signals. Jeff makes the case that gold’s premium still reflects “moneyness,” especially outside the West, and explains Monetary Metals’ model for earning yield in ounces through gold leases and bonds. Finally, we close on Bitcoin’s institutional path and the risks of financialization: why Deist dislikes BTC treasury companies, how distorted incentives pull talent into financial engineering over real production, and what it means for capital markets when “numbers go up” becomes the organizing principle. 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 – Welcome + Jeff Deist’s Background 02:17 – Discovering Austrian Economics 04:38 – Libertarianism vs. Economics 08:43 – Bitcoin as a Sound Money On-Ramp 14:13 – Inequality, Housing, & the Under-40 Squeeze 19:17 – Distorted Capital Markets & Malinvestment 23:30 – What Money Is: Rates, Inflation, & Savings 28:11 – Why Savings Died 39:12 – Speculation Culture & “Betting on Everything” 42:03 – Gold’s Breakout & “Moneyness” 46:23 – Gold vs. Bitcoin 51:33 – Preserving Wealth in Uncertainty 56:43 – Government, Fiscal Dominance, & Tech Deflation 01:04:15 – Learning as the Real Edge 01:12:42 – Bitcoin Financialization & Treasury Companies 01:21:38 – Outro & Disclaimer 💡 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 | |||
| Bitcoin Is Quietly Replacing Land as a Store of Wealth | 17 Dec 2025 | 01:01:14 | |
Scarce Assets: Vance Crowe explains why BTC is becoming the superior store of value, how it could reshape farmland economics, & why family legacy may be the most important asset you pass on. --- 🔸 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 Jackson Mikalic on X --- https://x.com/macrojack21 Vance Crowe on X --- https://x.com/VanceCrowe 🎙️ About This Episode Vance Crowe joins Scarce Assets for a wide-ranging conversation on family legacy, farmland economics, inflation, and why Bitcoin is becoming the superior store of value. From his early career at the World Bank and Monsanto to founding Legacy Interviews, Vance brings a unique, real-world perspective on how sound money reshapes behavior across generations, industries, and economies. We explore his thesis that Bitcoin will eventually demonetize farmland, how inflation quietly destabilizes societies, why cycles matter far less than conviction, and why running a node changed his understanding of Bitcoin forever. - The origin story of Legacy Interviews and why family storytelling is an irreplaceable asset - How a World Bank economist accidentally pushed Vance toward Bitcoin - The farmland store-of-value problem and why Bitcoin alters the economics - Inflation, The Mandibles, and the politics of a weakening currency - Hyperbitcoinization vs. stability: why Vance prefers a slow transition - Government adoption, commodities priced in BTC, and the role of hash rate - Stablecoins, dollar geopolitics, and the risk of “financial conflict” - Why most people won’t adopt Bitcoin without guided onboarding - How running a full node changed Vance’s mental model of Bitcoin Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets. 🧠 Chapters 00:00 – Introduction to Vance Crowe & Legacy Interviews 07:05 – How Legacy Interviews Began 13:19 – The Value of Capturing Family Stories 20:13 – Vance Discovers Bitcoin 26:08 – Bitcoin’s Impact on Farmland & Land Values 31:46 – Inflation, Mandibles & Monetary Reality 36:50 – Wealth Bifurcation & Inflation Misunderstandings 42:54 – Bitcoin as a Savings Technology 49:52 – Adoption, Onboarding & Government Dynamics 55:59 – Stablecoins, Geopolitics & Dollar Power 01:00:44 – Closing Thoughts, Outro, & Disclaimer 💡 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 | |||
| The Banks Are Here: OCC Just Opened the Floodgates to Bitcoin | 15 Dec 2025 | 00:59:11 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - The Arrival of Banks in Digital Assets 02:49 - Institutional Adoption and Regulatory Changes 05:46 - The Role of Traditional Banks in Digital Assets 08:43 - Partnerships and Trust in the Digital Asset Space 11:49 - The Impact of PNC's Bitcoin Trading 14:54 - User Behavior and Market Dynamics 17:56 - The Future of Banking and Digital Asset Integration 20:51 - The Centralization Debate in Digital Assets 23:46 - The Evolution of Financial Products 29:26 - Navigating Market Challenges 31:50 - The Rise of Stablecoins in Tech 34:27 - Cultural Shifts in Digital Payments 36:16 - Blurring Lines in Financialization 40:45 - Innovations in Banking and Fintech 44:55 - Around the Horn: Insights and Predictions If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Tad Smith: The Fed Pivot & AI Forces Driving Bitcoin’s New Regime | 12 Dec 2025 | 01:13:45 | |
The Last Trade: Tad Smith unpacks why Bitcoin’s “disappointing” 2025 might be the perfect setup, how gold and sovereign flows are quietly rewriting the sound money playbook, and what AI, labor shocks, and Fed policy mean for younger generations staring at a broken system and a massive opportunity. --- 🔸 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 With returning guest Tad Smith (former public-company CEO and NYU Stern professor), we zoom out on Bitcoin’s “underwhelming” 2025: why sentiment feels terrible at ~91K, how expectations got ahead of reality, and why he likes the current setup precisely because narrative and positioning look so weak. Tad contrasts gold’s structural central-bank bid with Bitcoin’s emerging endowment and sovereign bid, digs into Harvard vs Abu Dhabi’s BTC motives, and explains what it means when elite institutions are willing to take reputational risk just to get exposure. From there, we walk through the Fed’s recent cuts, balance sheet “relief,” and the slow-motion regime shift heading into 2026—arguing that liquidity and policy, not a mystical four-year cycle, drive BTC. Then Tad delivers a blunt generational autopsy on debt, housing, and student loans, lays out how AI really threatens white-collar labor, and sketches the likely path to “soft UBI” through more generous existing programs. We close on optimism: why this is still the best time in history to be young and high-agency, how CEOs are actually using AI to reshape labor and productivity, and how Tad rebuilt his NYU Stern course so AI is a required superpower instead of a banned shortcut. 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 – Introduction, Tad’s Return & Market Overview 02:42 – Bitcoin’s 2025 Performance and “Disappointing” Sentiment 06:53 – Narratives in Non-Yielding Assets: Bitcoin vs. Gold 08:50 – Harvard, Abu Dhabi & Quiet Institutional Bitcoin Allocations 12:18 – Central Banks Buying Gold and the Emerging Sovereign/Endowment BTC Bid 21:39 – Federal Reserve Rate Cuts, Balance Sheet “Relief,” and Liquidity Shift 32:02 – The Treasury–Fed Relationship and the Myth of Full Independence 37:10 – AI’s Impact on the Labor Market and Career Paths for the Young 38:39 – Generational Accountability: Debt, Housing, and a Rigged Starting Line 42:26 – AI, Job Displacement, and the Road to “Soft UBI” 44:47 – Agency, Entrepreneurship, and Opportunity in a Changing Economy 49:56 – Education in the AI Era: Bans, Blue Books, and Missed Opportunities 01:05:25 – Inside Tad’s NYU Course: Requiring AI and Redesigning the Classroom 01:11:55 – Optimism for the Future: Bitcoin, AI, and Personal Responsibility 01:13:14 – Outro and Disclaimer 💡 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 | |||
| Larry Fink & Stanley Druckenmiller Describe the Bitcoin Endgame | 08 Dec 2025 | 00:54:05 | |
Connect with Early Riders // Connect with Onramp // Register for Early Riders & Onramp State of the Bitcoin Industry Roundtable Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Introduction and Market Sentiment 02:00 - Risk Management and Investment Philosophy 04:40 - Bitcoin vs. Traditional Assets 07:31 - Larry Fink's Insights on Bitcoin 10:09 - Sovereign Wealth and Bitcoin Accumulation 13:03 - Global Trends in Crypto Adoption 16:03 - Middle East's Strategic Moves in Crypto 18:52 - Game Theory and Global Crypto Dynamics 22:08 - Emerging Markets and Crypto Services 24:49 - Infrastructure Development in Digital Assets 26:17 - The Importance of Domain Expertise in Cryptocurrency 27:16 - Future of Cryptocurrency and Market Dynamics 29:21 - The Rise of Cybercrime in the Crypto Space 30:20 - Centralization Risks in Cryptocurrency Custody 31:56 - The Gold Standard and Bitcoin's Centralization Problem 34:25 - Navigating Trust and Custody in Bitcoin 37:11 - The Adoption Challenge: From Zero to Bitcoin 40:01 - The Stakes of Digital Asset Custody 44:18 - Emerging Trends in Bitcoin Infrastructure 46:06 - Recent Developments in Crypto Regulation If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: https://x.com/MTanguma/status/1996209093858501012?s=20 https://www.cftc.gov/PressRoom/PressReleases/9145-25 https://www.theblock.co/post/381644/coinbase-resumes-user-onboarding-india https://www.theblock.co/post/381655/robinhood-indonesia-acquisitions https://www.theblock.co/post/381662/argentina-domestic-bank-crypto https://x.com/thisisorlando/status/1996284429455822993?s=20 https://bloomingbit.io/en/feed/news/101972 Keep up with Michael: https://x.com/MTanguma https://www.linkedin.com/in/mtanguma/ Keep up with Brian: https://x.com/BackslashBTC https://www.linkedin.com/in/brian-cubellis-00b1a660/ Keep up with Liam: | |||
| Mark Yusko: Everyone Says the Cycle Is Dead — Here’s Why They’re Wrong | 05 Dec 2025 | 01:27:38 | |
The Last Trade: Mark Yusko breaks down why the bitcoin cycle isn’t dead, how futures and index flows “tame” BTC, why gold and oil remain the real benchmarks, and what this year’s post-peak reset signals about an adversarial, institutional future. --- 🔸 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 With recurring guest Mark W. Yusko, we zoom out on Bitcoin’s 2025 run: why he still sees a 3 years 11 months, block-based cycle, how fair value models frame the recent peak around $126K, and why a smaller overshoot can mean a healthier foundation for the next phase. We unpack how CME futures and “paper BTC” reshaped market structure, what it really means to judge Bitcoin in gold and oil terms, and how prediction markets and casino-ified finance fit into a world of engineered liquidity and index-driven equities. From there, we get into the quiet endowment and institutional bid (via Paradigm, Andreessen, and now ETFs), the structural “rigging” of 401(k) and index flows, and the political/regulatory edge of the Genius Act, Clarity Act, and CBDC ambitions. Mark lays out why Bitcoin and gold remain core stores of purchasing power in a heavily financialized system—and how allocators can navigate an increasingly adversarial environment while keeping the message human, savings-focused, and long-term. 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 – Welcoming Mark Yusko back & Thanksgiving sentiment 02:15 – No blow-off top: did the 2025 cycle peak quietly at $126K? 05:36 – “Taming” Bitcoin: CME futures, paper BTC, and market structure 10:54 – Bitcoin in gold and oil terms: has the real bull market started? 17:46 – Prediction markets, gambling, and separating signal from opinion 25:54 – Post-2020 money printing, MMT, and gold/BTC as liquidity sponges 30:31 – Tech cycles, venture vintages, and where this crypto buildout fits 35:54 – Rigged equities: 401(k)s, index flows, and boomer entitlements 48:42 – Vanguard, JPM, IBIT flows & why “coincidences” cluster on Wall Street 55:22 – Endowments, Paradigm/Andreessen, and quiet institutional BTC adoption 1:08:17 – Genius Act, Clarity Act, CBDCs & the “then they fight you” phase 1:20:15 – Internet vs bitcoin, censorship, and an adversarial next decade 💡 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 | |||
| Former Sprott CEO: Gold Has Now Replaced Bonds — A New Monetary Order Is Here | 03 Dec 2025 | 00:55:11 | |
Peter Grosskopf — former CEO of Sprott and co-founder of Argo — joins Scarce Assets to unpack why gold has been the runaway winner of 2025 and what that says about debt, inflation, and the end of “risk-free” bonds. Connect with Onramp // Onramp Institutional // Jackson Mikalic on X WHAT WE COVER: - How gold became 2025’s top-performing major asset while “nothing was really wrong” - Central bank de-dollarization: SWIFT sanctions, exploding US deficits, and reserve rebalancing - Why gold is quietly replacing Treasuries as the global “safe asset” - The debasement trade: protecting purchasing power when CPI underreports reality - Peter’s personal allocation: ~50% in gold, silver, Argo balances, and miners - Liquidity, QT’s end, and why the Fed’s balance sheet likely has to grow again - Inside Argo: 24/7 direct-to-vault gold, outside the financial system, at ETF-beating costs - Tokenized gold (Tether, Pax) and why custody, vaults, and bankruptcy remoteness matter KEY INSIGHTS: - Gold’s 2025 move isn’t about a single crisis — it’s decades of debasement risk finally being priced in - Central banks aren’t just “adding diversification”; they’re hedging both sanctions and US fiscal decay - For Peter, gold is no longer a hedge against dollars — it’s the base unit of savings - Official inflation at 2–3% doesn’t match lived experience; the real erosion feels closer to 5–7% with violent spikes - Treasuries are losing their status as the default safe haven; gold is stepping into that role - Bitcoin is still digesting leverage and maturing from a speculative tech trade into a long-horizon macro asset - Direct-to-vault and tokenized gold will sit at the core of the next monetary plumbing stack PETER’S THESIS: “Gold isn’t just a crisis hedge anymore. It’s the base case. The real experiment is trying to run this level of debt on fiat and calling it ‘risk-free.’” WHO IS PETER GROSSKOPF? - Co-Founder — Argo, a digital platform for direct-to-vault physical gold - Former CEO — Sprott (2010–2022), leading one of the world’s premier precious metals firms - Managing Partner — SCP Resource Finance, focused on mining and real asset finance - 35+ Years in Financial Services — spanning trading, asset management, and capital markets - Lifelong precious metals investor now bridging vaulted gold with modern digital rails CHAPTERS: 00:00 - Gold’s Shock 2025 Rally & Peter’s Background 07:25 - Why Central Banks Are Rebuilding Gold Reserves 14:20 - From 60/40 to Gold: Institutional Reallocation 20:06 - Gold as the New “Safe Asset” Replacing Treasuries 29:45 - Bitcoin vs Gold in 2025: Cycles, Leverage & Liquidity 41:48 - Inside Argo: Direct-to-Vault Gold in the Digital Era 50:04 - Tokenized Gold vs Direct Vault Ownership & Custody Risks 54:40 - Key Takeaways, Where to Learn More & Outro Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets.Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| The Truth About Tether, Stablecoins & JPMorgan’s Quiet Bitcoin Bet | 01 Dec 2025 | 01:01:49 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Thanksgiving Reflections and Bitcoin Sentiment 02:41 - Tether's Stability Concerns and S&P Rating 10:49 - The Systemic Nature of Tether and Market Dynamics 21:42 - JPMorgan and Klarna: The Future of Stablecoins 28:39 - The Future of Bitcoin and Stablecoins 29:40 - The State of Stablecoin Technology 31:45 - Understanding Multi-Party Computation vs. Multi-Sig 37:02 - The Importance of Bitcoin in Custody Solutions 40:50 - The ETF Landscape and Market Competition 48:53 - Structured Products and Bitcoin's Market Position If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Former Blackstone Partner: The Reset Already Started — And Washington Knows It | 28 Nov 2025 | 01:16:27 | |
The Last Trade: Former Blackstone partner David Thayer explains why liquidity—not cycles—drives BTC, how AI and fiscal dominance are steering policy, why gold is leading, what Texas’ ETF buy signals, and how JPM’s new BTC note underscores spot over wrappers. --- 🔸 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 With David Thayer (ex-Blackstone), we reset after the pullback: the 5-year lens over daily noise; fiscal dominance and valuations in a broken fiat denominator; AI as a national-security project (energy, chips, compute) that backstops spending; and gold + BTC as “liquidity sponges.” We hit SLR tweaks and stablecoin rails as engineered demand for Treasuries, realistic quantum timelines, Texas’ first ETF allocation, JPM’s new IBIT-linked structured note (what it signals), and why “treasury companies” can’t outrun spot. We close on politicization risk—and how to keep bitcoin’s message human, bipartisan, and savings-focused. 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 – Intro to David Thayer, price check, 5-year lens 04:12 – Volatility as opportunity: Thanksgiving playbook 06:07 – AI “bubble” or policy mandate? 11:15 – National security, AI, and quantum risk 17:01 – Fiscal dominance: engineered Treasury demand 26:33 – Gold, China, and the U.S. Bitcoin edge 28:16 – Texas ETF buy & the sound money revival 38:27 – Bitcoin and politics: partisan risk 54:20 – JPM’s BTC note: structure and signal 1:02:28 – Treasury companies vs spot BTC 1:09:29 – Gratitude and the monetary revolution 💡 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 | |||
| A Wealth Advisor’s Wake-Up Call: Inflation, Longevity Risk, & Why Bitcoin Fits | 26 Nov 2025 | 01:06:26 | |
Stu Bradley, CFA, CFP — Wealth Advisor at Hightower St. Louis — joins Scarce Assets to explore how bitcoin fits into modern portfolio design, the illusion of market “cycles,” and why peace of mind matters more than price charts. With decades of experience across HSBC, UBS, Vision Capital, and now Hightower, Stu brings a global investor’s perspective on inflation, fiscal dominance, and the future of wealth management in a K-shaped economy. This episode cuts through the hype to reveal how advisors are quietly rethinking sound money, digital assets, and intergenerational planning — all while clients question the meaning of risk, time, and value in a rapidly changing financial system. Stu Bradley on LinkedIn // Hightower Wealth Advisors // Stu's Presentation, Understanding Bitcoin // Connect with Onramp // Onramp Institutional // Jackson Mikalic on X WHAT WE COVER: - From HSBC and UBS to Hightower: a career across global markets - How a $20 smoothie became the “wake-up call” on inflation - Why Bitcoin represents optionality, not speculation - Fiscal dominance, QT’s end, and the K-shaped economy - The psychological side of wealth: why “peace of mind” beats alpha - How advisors are integrating BTC exposure through ETFs & custodial platforms - The coming wealth transfer and how next-gen clients will reshape the advisory model KEY INSIGHTS DISCUSSED: - Expectations = suffering — and 2025 proved it - Bitcoin is entering its “IPO moment” as long-term holders distribute - Fiscal dominance and policy inertia make inflation a structural feature, not a bug - The top 10 mega-cap stocks now represent 75% of U.S. GDP — a concentration risk hiding in plain sight - Owning a small allocation of the most tamper-resistant asset in history may be the best form of risk management - The future of advice: meeting clients where they are, not where the market says they should be STU’S THESIS: “Bitcoin isn’t about getting rich — it’s about staying solvent. When money itself is changing, optionality becomes the ultimate form of wealth.” WHO IS STU BRADLEY? - Wealth Advisor — Hightower St. Louis (managing $1.6B for 400+ families) - Former Institutional Investor — HSBC, UBS, Vision Capital Advisors - CFA & CFP Charterholder — Bridging traditional finance with digital assets - Career Coach & Educator — Founder, J. Stuart Bradley Consulting - Advocate for sound money, long-term stewardship, and client-first financial planning CHAPTERS: 00:00 - Intro & Stu’s Background 03:00 - From Wall Street to Hightower 06:00 - The $20 Smoothie & the Inflation Epiphany 10:30 - Bitcoin as Stewardship, Not Speculation 15:00 - Longevity Risk & Portfolio Construction 21:00 - Peace of Mind Over Price Action 27:00 - How Advisors Discuss Bitcoin with Clients 33:00 - 2025: No Blow-Off Top, No Problem 38:00 - Fiscal Dominance & QT’s End 44:00 - The K-Shaped Economy Explained 50:00 - Inflation, Inequality, and the Role of Scarce Assets 56:00 - The Great Wealth Transfer 01:00:00 - Preparing for the Future of Advice 01:03:00 - Outro & Resources Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets. Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Kraken’s IPO, Tether’s Power Play, & Why Bitcoin Still Wins | 24 Nov 2025 | 01:00:03 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Latest in Bitcoin price action 01:46 - Kraken’s $20B IPO & Citadel’s investment 10:17 - Tether’s strategic investment in Ledn & Bitcoin-only lending 17:53 - VC money chases perp DEX infrastructure 21:52 - Maker/Sky’s OBEX incubator & the stablecoin yield gray zone 24:46 - Slash: stablecoin-first banking and demand for better money movement 26:01 - Human risk management, AI scams & Doppel’s $70M raise 32:48 - Cardano chain split exploit & “decentralization theater” 42:13 - Rethinking the poverty line, broken stats & the debasement trade 50:12 - Square/Block’s SMB Bitcoin tools & the future of merchant adoption If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Max Fear. Max Opportunity. The Bitcoin Bull Market Starts Now. | 21 Nov 2025 | 01:07:57 | |
The Last Trade: 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 | 14 Nov 2025 | 01:31:40 | |
Writer–investor Mel Mattison joins The Last Trade to break down why sub-$100K BTC could be the launchpad for a +50% move — driven by a liquidity flip, fiscal stimulus, and central banks cornered by debt. Gold, Bitcoin, and the coming debasement trade — explained. Get Onramp’s weekly Research & Analysis → https://onrampbitcoin.com/research --- 🔸 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 Writer–investor Mel Mattison joins The Last Trade with a clear call: sub-$100K is the buy zone. We unpack why liquidity—not sentiment—drives the next leg, how fiscal surpluses and the shutdown drained markets, and why a policy flip could fuel a +25–50% BTC move in the months ahead. We also hit gold vs. bitcoin as twin “liquidity sponges,” the 1950s macro rhyme, AI’s looming labor shock, and why institutions are quietly rebalancing toward sound money. 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 – Intro: Mel Mattison joins The Last Trade 04:46 – Quoz and the rise of financial thrillers 07:42 – Bitcoin under $100K: why Mel is bullish 10:31 – Liquidity drought → fiscal flip: surplus, shutdown, SRF 13:29 – Beyond the halving: ETFs, new buyers, and cycle shifts 16:27 – Gold + Bitcoin: twin anchors in a debt-soaked world 19:30 – China, BRICS, and the gold-backed reset 22:36 – The U.S., debt, and why the fiat era is ending 25:33 – Healthcare, entitlements, and market dependence 28:35 – Lessons from the 1950s: inflation, inequality, and growth 33:00 – The next generation’s financial reality 38:22 – Energy, AI, and the future of global power 51:48 – AI’s labor shock, Social Security, and fiscal strain 57:13 – Social unrest & long-term stability risks 01:03:09 – Bitcoin vs. Gold & the institutional era ahead 01:13:22 – Mel’s $150K Bitcoin call & closing thoughts 💡 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 Follow Mel Mattison on X → https://x.com/MelMattison1 | |||
| The U.S. Shutdown, Stimmies & Bitcoin’s Next Move | 10 Nov 2025 | 01:19:37 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Government Shutdown and Economic Implications 03:03 - Impact of EBT and SNAP on Consumers 05:49 - Ledger IPO and Digital Asset Market Dynamics 08:33 - Ripple's Valuation and Market Positioning 11:52 - FOMO and the Rise of High-Risk Investments 14:42 - Innovations in Payment Systems and Merchant Adoption 37:24 - Coinbase's New Token Launch Platform 44:31 - The Evolution of Custody in Crypto 51:01 - Hedge Funds and the Crypto Conflation 56:25 - DeFi Exploits and the Complexity of Trust 01:01:21 - AI Investments and Public-Private Partnerships If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Bullish Selling: Why Bitcoin is Going Much Higher with Galaxy's Alex Thorn | 07 Nov 2025 | 01:22:10 | |
Galaxy’s Alex Thorn joins TLT to decode “slop,” ETF-driven passive flows, and why bitcoin’s next era belongs to institutions—not hobbyists. We cover Treasury tweets, M&A, stablecoins, the debasement trade & more. Get Onramp’s weekly Research & Analysis → https://onrampbitcoin.com/research --- 🔸 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 EpisodeGalaxy’s Alex Thorn joins The Last Trade to unpack the next era of Bitcoin — from hobbyists to institutions. We cover treasuries and the Treasury, ETF flows, macro malaise, stablecoins, and why the coming years will be defined by passive institutional bids and sound-money scarcity. 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 – Slop Season with Galaxy’s Alex Thorn 08:19 – Bitcoin at 17: From Cypherpunks to Asset Managers 13:55 – The Great Transition: Hobbyists Out, Institutions In 18:54 – Passive Flows & the End of the Four-Year Cycle 26:41 – Wall Street Buys the Plumbing: M&A & Market Maturity 32:54 – Economic Malaise, Inequality, & the Debasement Trade 46:42 – The Unit Bias Problem & the Next Wave of Adoption 52:34 – DATs, Whales, & the Hand-Off to Real Businesses 01:10:38 – Stablecoins, Dollar Rails, & Bitcoin’s Simplicity 01:15:21 – Outlook for 2026, Outro, & Disclaimer 💡 Subscribe & Stay Ahead Get Onramp’s weekly Research & Analysis: The highest signal insights in bitcoin, macro, and custody. 📩 https://onrampbitcoin.com/research Subscribe to Onramp Media for more: 🎧 The Last Trade | Final Settlement | Scarce Assets Follow Alex Thorn (Galaxy Digital) on X → https://x.com/intangiblecoins | |||
| Oil & Gas Veteran: Why Energy and Bitcoin Must Go Higher | 05 Nov 2025 | 01:19:50 | |
Matthew Montgomery, Founder of MAEVLO and veteran of the oil & gas industry, joins Scarce Assets to reveal why energy prices and Bitcoin are destined to rise together — and how his firm is pioneering a fund that turns oil royalties into Bitcoin reserves. This episode connects the dots between America’s energy plateau, AI-driven power demand, and Bitcoin’s fixed supply, offering one of the clearest frameworks yet for understanding the coming era of scarcity. Connect with Onramp // Onramp Institutional // Jackson Mikalic on X // Matthew Montgomery on X // MAEVLO Company WHAT WE COVER: - How the U.S. shale boom turned America into a net energy exporter - Why the era of cheap energy is ending — and what happens next - The surprising parallels between oil extraction and Bitcoin mining - How AI data centers are quietly rewriting global energy demand - Why energy scarcity could be the catalyst for Bitcoin’s next bull run - How MAEVLO's fund bridges real-world energy assets with Bitcoin reserves KEY INSIGHTS DISCUSSED: - 80% of oil well production occurs in the first 24 months - LNG exports projected to triple by 2030 - Data center demand expected to add +10 BCF/day of natural gas consumption - U.S. has already drilled the best shale wells — the easy energy is gone - Every MAEVLO investor fund now allocates a portion of cash flow to Bitcoin reserves MATTHEW’S THESIS: “We’re entering an era where both energy and Bitcoin are getting more scarce. Oil wells deplete, block rewards halve — the same economics drive both. The only rational strategy is to own the hardest assets in the world.” WHO IS MATTHEW MONTGOMERY? - Founder & Managing Director, MAEVLO Company - 20+ year career across shale exploration, mineral rights, and private equity energy funds - Early pioneer integrating Bitcoin into traditional energy investments - Advocates for sound money, hard assets, and family wealth preservation CHAPTERS: 00:00 — Intro & Matthew’s Background 03:00 — The Shale Revolution Explained 10:30 — Lessons from Building in Energy 17:00 — Parallels Between Shale and Bitcoin 20:00 — Inside the Mineral & Royalty Market 27:30 — Why Investors Seek Yield and Inflation Hedges 33:30 — Oil, Gas, and the Inflation Trade 39:00 — Discovering Bitcoin & Sound Money 46:00 — “Scarcity Compounded”: Energy Meets Bitcoin 57:00 — The Coming Energy Supply Crunch 1:03:00 — How MAEVLO Integrates Bitcoin 1:08:00 — Preserving Value & Getting Off Zero 1:16:00 – Outro & Disclaimer Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets. Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. #Bitcoin #Energy #Scarcity #Inflation #AI #OilAndGas #Macro #Onramp #HardAssets #ProofOfWork | |||
| Everyone’s Short Bitcoin — Wall Street Is Buying the Plumbing | 03 Nov 2025 | 01:01:12 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - MasterCard's Acquisition of ZeroHash 02:57 - The Future of Bitcoin and Stablecoins 05:47 - Coinbase's Strategic Moves and Partnerships 12:05 - The Role of Traditional Finance in Crypto 17:46 - Trends in Stablecoins and Tokenization 23:42 - The Hype Cycle in Crypto and Its Implications 28:42 - Navigating the Crypto Spectrum 32:15 - The Evolution of Trust in Financial Products 34:32 - The Role of Institutional Trust in Crypto 38:01 - Understanding Credit Ratings in the Crypto Space 43:21 - AI Layoffs and the Future of Business 51:14 - The Impact of AI on Consulting and Business Models If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| 100,000 Tech Layoffs This Week: Why Bitcoin Is Your Only Escape | Zuby | 31 Oct 2025 | 01:07:38 | |
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.🔥 SUBSCRIBE for weekly bitcoin alpha and conversations with the sharpest minds in the space. Book a consultation to learn about our multi-institution custody solution at onrampbitcoin.com. #Bitcoin #Zuby #Layoffs #AI #Inflation #GenZ #Millennials #FinancialFreedom #Cryptocurrency #TechLayoffs #Economy Connect with Onramp // Onramp Business // Onramp Institutional // Zuby on X 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 Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| The Banks Are Here — JPMorgan Just Made Bitcoin Collateral | 27 Oct 2025 | 01:15:58 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 – Cold open: Friday/Sunday pump banter; “the banks are here” kickoff 02:11 – JPMorgan to accept BTC/ETH as collateral by year-end 11:41 – Fortress/Prime Trust fallout: single-custodian risk and insolvency lessons 16:19 – Notable deals of the week 25:31 – FalconX to buy 21Shares: ETFs as on-ramp; options liquidity migration 26:41 – Crypto M&A surges; Q3 deal value and what 2026 might look like 32:08 – Coinbase buys Echo (and UpOnly) 38:56 – Tether roundup: AI ambitions, USAT, and the Rumble token (RUM) 46:54 – Convergence of AI and digital assets 53:53 – ETH dev flight to Tempo; centralization tradeoffs and incentive-driven pivots 58:15 – The state of the greater digital assets industry 1:08:28 – Macro week preview If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Liquidity Flood Incoming: Bitcoin’s About to Explode | 24 Oct 2025 | 01:15:39 | |
Connect with Onramp // Onramp Business // Onramp Institutional // Gustavo Flores on X // Aureo Bitcoin 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 - Introduction & the debasement trade 05:22 - Liquidity conditions & bitcoin’s resilience 08:38 - Bitcoin cycles: halving vs liquidity 11:43 - U.S. debt explosion & nominal distortion 14:36 - Government signals & gold’s resurgence 17:34 - Shifting incentives & institutional positioning 19:44 - Global adoption: U.S., India, & Asia-Pacific 23:07 - Latin America’s adoption landscape 25:54 - Financial institutions & ETF-driven onboarding 29:00 - Bitcoin management: custody, risk, & MIC 37:18 - Security realities in Latin America 46:29 - Gold & bitcoin as sound money 01:03:34 - Market structure, stablecoins, & centralization 01:11:42 - Closing remarks, outro, & disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Citi, Schwab, Nubank, & Aureo: The Global Bitcoin Race for 21 Million | 21 Oct 2025 | 01:13:33 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 – Intro & welcoming Gustavo Flores 01:17 – UK opens retail BTC/ETH ETPs 04:13 – Japan stablecoins & productization 07:49 – LATAM stablecoin wave; Brazil in focus 11:27 – Coinbase x CoinDCX (India/APAC) 15:47 – Stablecoin plumbing: BlackRock & Stripe 20:27 – BTC credit vs high LATAM rates; Bolivia case 23:31 – Nubank pursues U.S. bank charter 29:11 – 2026 custody (Citi/Schwab) & cycle timing 33:25 – Aureo announced (Swapido → Aureo) 35:03 – Aureo MIC thesis & team 42:21 – Storage-first: MIC + localized service 56:40 – Debasement trade & BTC hurdle rate 1:04:23 – Onramp Business controls; wrap & disclaimer If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 Keep up with Gustavo: https://x.com/gustavojfe | |||
| From Gold Rush to Bitcoin Standard: Inflation’s Coming for Your Balance Sheet | 18 Oct 2025 | 00:40:00 | |
~ BITCOIN FOR BUSINESSES EP. 3~ Connect with Onramp // Connect with Acropolis // Connect with Early Riders Presented by Onramp Media in collaboration with Acropolis & Early Riders... Bitcoin for Businesses is a bi-weekly podcast for operators. We turn headlines into a playbook, covering custody architecture, board approvals, accounting, financing, and real-world implementation. 00:00 - Introduction to Bitcoin for Businesses Podcast 01:24 - Square’s Integration of Bitcoin Payments 05:34 - The Future of Bitcoin in Business 13:11 - Inflation and the Gold-Bitcoin Relationship 19:08 - Counterparty Risk in Bitcoin Holdings 25:11 - Emerging Multinational Banks and Bitcoin 32:07 - Tax Considerations for Bitcoin-accepting Businesses If you found this valuable, please subscribe to Onramp Media. | |||
| Gold Is Pumping, Bitcoin Is Next — Inside the Debasement Trade with James Check | 17 Oct 2025 | 01:25:15 | |
Analyst James Check (Checkmate) joins to unpack the current state of bitcoin and gold markets, the impact of shifting liquidity conditions, the relevance of four-year cycles, the future of bitcoin treasury companies, and why understanding market structure, capital flows, and the debasement trade is key to anticipating bitcoin’s next major move. Connect with Onramp // Onramp Business // Onramp Institutional // James Check on X 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 — Market Overview & Sentiment 03:39 — Are 4-Year Cycles Dead? 06:26 — Liquidity & Macro Regime 09:24 — Gold vs Bitcoin: Signals & Sovereign Bid 11:39 — Institutions vs Retail Demand 13:44 — Onchain: Retail, OG Supply, Smart Money 19:59 — Treasury Companies: MNAV, Risks, Reality 32:15 — Who Buys Next? ETFs, WM, Sovereigns 37:44 — Retail Reflexivity & Hardware Tell 41:42 — Real Inflation & BTC vs Traditional Assets 56:33 — BTC Dominance, Altcoins & Valuation 01:05:40 — Liquidations, Tokenomics & Value Capture 01:13:29 — Barbell: Gold + BTC, Cycles & Leverage 01:24:44 — Outro Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Altcoins Implode, Bitcoin Stands Strong: A Masterclass in Signal vs Noise | 13 Oct 2025 | 00:59:17 | |
Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 - Introduction and Overview of Recent Events 02:53 - Texas Capital Markets and Blockchain Summit Insights 05:59 - Understanding the Debasement Trade and Fiscal Policies 08:40 - Market Reactions to Recent Economic Announcements 12:07 - The Fragility of the Crypto Ecosystem 14:53 - Lessons from Recent Market Volatility 17:44 - The Role of Bitcoin in a Volatile Market 20:55 - The Future of Prediction Markets and Information Discovery 30:35 - The Nuances of Prediction Markets 32:45 - Square's AI Voice Ordering and Bitcoin Integration 37:55 - Traditional Finance Meets Digital Assets 42:17 - Sovereign Adoption of Bitcoin 49:42 - The Risks in Capital Markets and First Brands If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Broken Money with Lyn Alden: The Technological Arc of Money and Power | 10 Oct 2025 | 00:32:38 | |
From the Onramp Media Archives.. Lyn Alden traces the arc of monetary technology—from shells and tobacco to gold and Bitcoin—and how each leap reshaped who controls money. She explains why Bitcoin represents the end of financialization and the first true form of digital settlement, closing a 150-year gap between transactions and finality. Alden unpacks the forces driving fiscal dominance, the coming liquidity cycle, and why sound, scarce assets like Bitcoin are positioned to lead in a macro-heavy decade defined by debt, geopolitics, and technological change. Originally recorded in February 2024. 00:00 – Bitcoin as the Reversal of Financialization 04:20 – Money as a Ledger & the Question of Control 07:10 – Tobacco & Wampum: Lessons in Early American Money 11:40 – Two Technological Paths in the Evolution of Money 15:30 – Telegraph to Bitcoin: Closing the Settlement Gap 21:00 – Technological Determinism & Monetary Centralization 25:10 – Fiscal Dominance, Liquidity Cycles, & Bitcoin’s Tailwinds 29:10 – Hard Assets, Portfolio Strategy, & the Macro-Heavy Decade Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Wall Street Joins the Sound Money Renaissance | 08 Oct 2025 | 01:19:37 | |
Connect with Onramp // Onramp Terminal // Onramp Institutional 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 — The Debasement "Trade" is Here 08:13 — Institutional Voices Join the Chorus 11:21 — The Dollar’s Decline & Asset Inflation 17:06 — The Fastest Horse Returns 20:06 — Store of Value: Bitcoin’s Core Use Case 23:21 — ETFs, Custody, & Counterparty Risk 26:06 — Hard Money in Modern Portfolios 29:10 — The Custody Dilemma 42:59 — Risk, Trust, & Peace of Mind 44:34 — Sovereign Shifts & Monetary Strategy 49:56 — Tether as a Digital Nation-State 58:17 — IBIT Dominance & the Future of BTC Ownership 01:08:49 — Central Banks & Bitcoin’s Next Era 01:19:26 — Closing, Outro, & Disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Debasement Endgame: Bitcoin ATHs, Gold Near $4K, & Bonds Bleeding | 06 Oct 2025 | 01:23:14 | |
Connect with Early Riders // Connect with Onramp 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 - Market Breakthroughs: Gold and Bitcoin Surge 02:55 - The Debasement Trade: Shifting Sentiments in Finance 05:43 - Institutional Adoption: The Role of TradFi in Digital Assets 08:51 - Galaxy One Launch: Bridging TradFi and Crypto 11:43 - Yield Products: Evaluating Risks and Opportunities 14:54 - The Future of Financial Metrics: Nominal vs. Real Returns 17:55 - The Wild West of Finance: Embracing Change 20:39 - Bridging the Gap: Crypto Services for TradFi 23:53 - Incumbents Entering Crypto: Walmart and Stripe's Moves 39:51 - The Future of Stablecoins 43:50 - Interoperability and User Experience in Finance 45:33 - Walmart's Role in Financial Inclusion 48:10 - Risks of Stablecoins and Financial Systems 49:44 - The Evolving Landscape of Stablecoin Competition 53:23 - Credit Market Risks and Financial Distortions 01:03:18 - AI's Impact on Venture Capital and Market Dynamics If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| The Great Wealth Divide: Why Bitcoin & Gold Are Replacing Bonds | 03 Oct 2025 | 01:24:15 | |
Connect with Onramp // Onramp Terminal // Tyler Neville on X // Forward Guidance 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 — Introduction to Tyler Neville 03:56 — Wartime Finance: Acronym Rescue Playbook 12:17 — 60/40’s Sunset: A Generational Shift 21:29 — Saving vs. Investing in a Debasing World 31:45 — Future of Money: Bitcoin vs. Fiat Rails 35:42 — Bitcoin as SoV; Treasury Cos—Bridge or Blowup? 42:35 — ETFs & Access: Gatekeepers, Flows, Plumbing 01:02:20 — Gold & Bitcoin Gain Share in Reserves 01:07:54 — Reserve Flip: Gold vs. U.S. Treasuries 01:13:56 — Sound Assets & Resilience 01:23:44 — Wrap-Up, Disclaimer, & Outro Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| The Hidden Truth About Tether's $500B Valuation: What Wall Street Isn't Telling You | 29 Sep 2025 | 00:58:44 | |
Connect with Early Riders // Connect with Onramp 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 - Market Sentiment and Predictions 02:32 - Tether's Valuation and Market Impact 11:00 - AI and Stablecoin Innovations 25:11 - Capital Discipline in AI Investments 27:32 - The Impact of AI on Capital and Energy 30:49 - Universal Basic Income and AI Tokens 33:01 - AI's Influence on Stock Market Dynamics 34:35 - The Future of Energy and Economic Growth 38:40 - Bitcoin as a Hedge Against Capital Destruction 41:41 - TradFi's Shift Towards Digital Assets 45:45 - Mainstream Adoption of Digital Assets 51:37 - The Future of Bitcoin Companies and Market Dynamics If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Chasing Yield: Bitcoin Is Money, Everything Else Is Credit | 27 Sep 2025 | 00:43:23 | |
~ BITCOIN FOR BUSINESSES EP. 2~ Connect with Onramp // Connect with Acropolis // Connect with Early Riders Presented by Onramp Media in collaboration with Acropolis & Early Riders... Bitcoin for Businesses is a bi-weekly podcast for operators. We turn headlines into a playbook, covering custody architecture, board approvals, accounting, financing, and real-world implementation. 00:00 - Introduction to Bitcoin for Businesses 01:08 - Insights from Recent Bitcoin Events 06:09 - Understanding Custody Solutions 09:00 - Exploring Bitcoin Yield Strategies 18:19 - The State of Credit Risk in Business 23:07 - The Role of Bitcoin in Business Revenue 27:07 - AI and the Future of Value Transfer 32:08 - The Impact of Y Combinator on Startups If you found this valuable, please subscribe to Onramp Media. | |||
| The Sovereign Shift: Bitcoin, Gold, & Nation-State Game Theory | 26 Sep 2025 | 01:22:13 | |
Connect with Onramp // Onramp Terminal // Blake Killian, Onramp CMO // New research from BPI 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 — Introduction & Blake Killian Joins Onramp as CMO 03:20 — Blake’s Background and the Marketing Gap in Bitcoin 06:05 — Clarity, Education, and Overcoming Industry Noise 12:30 — Nation-State Adoption and Political Implications 25:10 — Tether’s $500B Play and Branding Power 36:30 — Treasury Companies, ETFs, and the Custody Conundrum 42:30 — Multi-Institution Custody and Cutting Through the Noise 46:24 — Gold’s Resurgence and Bitcoin as Hard Money 56:50 — China, Global Monetary Shifts, and Sound Money Allies 01:16:20 — Closing Thoughts, Outro, and Disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| America’s Debt Crisis & Bitcoin’s Institutional Era with Avik Roy | 24 Sep 2025 | 01:13:43 | |
Connect with Onramp // Jackson Mikalic on X // Avik Roy on X // FREOPP Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets. 00:00 - Introduction & Avik Roy’s Background 03:20 - America’s Fiscal Reckoning 12:20 - Why the Crisis Takes Longer Than Expected 19:00 - The 10–20 Year Timeline Ahead 21:00 - Bitcoin Strategic Reserve & Government Signals 29:00 - Rails, Custody & 6102 Lessons 39:50 - The Future of Multi-Institution Custody 48:30 - Treasury Companies vs ETFs (Strive & Beyond) 54:20 - Personal Bitcoin Investment Perspectives 1:00:30 - Portfolio Construction & Real Hurdle Rates 1:06:50 - Wall Street Skepticism vs Macro Adoption 1:13:10 - Closing Thoughts, Outro, & Disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Yield Traps, Paper Games, & Bitcoin's Path to $10M | 22 Sep 2025 | 01:04:04 | |
Connect with Early Riders // Connect with Onramp 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 - Nashville Conference Recap 02:23 - Multi-Institution Custody Insights 08:24 - Investment Announcements and Stables Initiative 12:11 - Bitcoin Treasury Company Acquisitions 29:15 - Global Banking Trends and Digital Identity 31:45 - Geopolitical Tensions and Currency Control 34:46 - The Rise of Stablecoins and Global Pushback 39:22 - The Shift Towards Hard Assets 43:53 - The Role of Gold and Bitcoin in Wealth Preservation 46:16 - AI's Impact on Business and Investment Strategies 50:43 - The Future of Bitcoin and Financial Institutions 55:30 - BitGo IPO and the Future of Digital Asset Custody If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Jeff Booth: Bitcoin Is Repricing the Entire World | 19 Sep 2025 | 01:24:28 | |
Connect with Onramp // Onramp Terminal // Jeff Booth 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 - The Evolution of Economic Systems 23:18 - Transitioning to a Free Market Paradigm 37:26 - Nation-State Adoption and Sovereign Game Theory 44:54 - The Future of Bitcoin and Energy Production 48:40 - Gold's Role in the Evolving Financial Landscape 52:46 - The Game Theory of Currency and Power 58:45 - The Impact of AI on Business and Society 01:04:30 - The Necessity of Bitcoin for Businesses 01:09:26 - Venture Capital in the Bitcoin Era 01:13:38 - Looking Ahead: The Next Six Years of Technology 01:23:57 - Outro and Disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| The Last Trade: The Death of Fiat Denominated Venture Capital | 18 Sep 2025 | 00:59:29 | |
Learn more about The Stables // Read the Manifesto // Learn How to Get Involved // Connect with Early Riders // Connect with Onramp 00:00 - Introduction to The Last Trade Podcast 03:45 - Launching EarlyRiders and Stables 07:14 - Building a Base Camp for Entrepreneurs 10:14 - Insights from Silicon Valley and Community Building 13:15 - Navigating the Bitcoin Landscape 16:15 - The Importance of Foundational Business Principles 19:07 - Identifying Viable Business Opportunities 22:08 - Commercializing Bitcoin Ideas 25:07 - The Role of Constraints in Business Success 30:36 - The Future of Private Equity and Bitcoin 32:49 - Commercial Viability of Bitcoin Innovations 35:49 - Navigating the E-Cash Landscape 39:55 - The Role of Bitcoin in Traditional Finance 44:00 - Exploring Bitcoin as a Store of Value 46:52 - The Intersection of Bitcoin and AI 51:14 - Building the Future of Bitcoin Investments If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. | |||
| Tether's Fedcoin, Thailand Banking Crisis, & The Shifting Monetary Order | 15 Sep 2025 | 00:58:20 | |
Connect with Early Riders // Connect with Onramp 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 - Market Movements and Upcoming Events 02:11 - Banking Crisis in Thailand 09:59 - Youth Revolt in Nepal 18:23 - Bitcoin's Role in Financial Portfolios 23:09 - Gemini's Public Offering and Market Trends 28:06 - Exploring Solana's Blockchain Advantages 33:07 - The Future of Bitcoin Dividends 35:25 - Hyper Liquid and the Evolution of Stablecoins 37:42 - Vercel and the Future of Micro Payments 43:51 - The Rise of Bitcoin in Everyday Transactions 49:28 - Navigating the Fragile Economy If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||
| Introducing Bitcoin for Businesses: The Supercycle Catalyst | 13 Sep 2025 | 00:59:15 | |
Connect with Onramp // Connect with Acropolis // Connect with Early Riders Presented by Onramp Media in collaboration with Acropolis & Early Riders... Bitcoin for Businesses is a bi-weekly podcast for operators. We turn headlines into a playbook, covering custody architecture, board approvals, accounting, financing, and real-world implementation. 00:00 – Welcome to Bitcoin for Businesses 02:12 – MIC: the corporate custody unlock 06:42 – Ledn pivots to bitcoin-only lending 10:59 – Bitcoin-only vs multi-asset UX 12:47 – Public treasuries + fair-value accounting catalyst 20:39 – The “yield” mirage: save, don’t reach 25:16 – Macro: inflation squeeze, bankruptcies, rate cuts & MMFs 32:05 – Offense & defense: pricing power, network effects 39:49 – BTC-backed credit lines for working capital 43:52 – Stablecoins as on-ramps; finality vs chargebacks 51:58 – Real-world payments: Namecheap $2M via BTCPay 57:25 – Closing takeaways & CTA If you found this valuable, please subscribe to Onramp Media. | |||
| Monetary Reset Is Here: Bitcoin, Gold & the End of the Fed? | 12 Sep 2025 | 01:06:10 | |
Connect with Onramp // Onramp Terminal // Onramp Institutional 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 & Why Macro Matters Now 04:40 – Bessent’s Op-Ed: Fed “Gain-of-Function” Critique 07:36 – Post-2008 Playbook: Distorted Signals & Debt Monetization 10:38 – Stablecoins as Dollar Statecraft 13:30 – Global Pressures & the Dollar’s Next Act 16:30 – Gold Breakout, BTC Setup: Sound-Money Signals 19:26 – Fed Independence Under Fire 22:18 – Hard Assets as Liquidity Batteries (Gold & BTC) 25:19 – Navigating the Reset: A Playbook for Allocators 37:33 – Corporate BTC, U.S. Advantage & Balance Sheets 41:22 – TradFi Meets Crypto & Policy Greenlights 46:06 – Wallet Warnings & Supply-Chain Exploits 51:19 – Custody Stress Is Real: Fault Tolerance & MIC 56:51 – Onramp Institutional: Bespoke Access for Allocators 01:05:40 – Outro & Disclaimer Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly. | |||
| Walled Garden Wars: Corporate Chains vs Open Money | 08 Sep 2025 | 01:14:10 | |
Connect with Early Riders // Connect with Onramp 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 Market Overview 02:57 - Stripe's Stablecoin Chain and Industry Reactions 05:57 - David Marcus' Perspective on Centralized Control 09:00 - Decentralization vs. Centralization in Crypto 12:03 - The Future of Payments and Corporate Influence 14:57 - World Liberty Financial and the Illusion of Decentralization 17:32 - Hyperliquid: A New Player in the Market 32:47 - The Rise of Prediction Markets and Decentralization 37:06 - Sovereign Accumulation of Bitcoin 43:48 - India's Unexpected Crypto Adoption 47:00 - Tether's Investment in Gold and Bitcoin 55:51 - The Future of Money: Gold vs. Bitcoin 01:01:04 - AI and the Future of Labor If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: Keep up with Michael: https://x.com/MTanguma Keep up with Brian: https://x.com/BackslashBTC Keep up with Liam: https://x.com/Lnelson_21 | |||