What Bitcoin Did
What Bitcoin Did unpacks Bitcoin’s role in reshaping money, freedom, and the future of finance. Host Danny Knowles explores the technical, economic, and philosophical aspects of Bitcoin through interviews and analysis. The podcast aims to educate listeners on how Bitcoin can transform the global financial system.
Episodes
The Bitcoin Bear Market Is a Survival Test | Matt Odell
“Bear markets are actually more about survival.”
Matt Odell is back on the show to explain why Bitcoin bear markets grind people down, why the fundamentals have not changed, and why he has never been more bullish on Bitcoin.
In this episode, we discuss Jack Mallers stepping down from XXI, the risks of Bitcoin treasury companies, and why profitable businesses should save in Bitcoin rather than make
Global Liquidity Has Peaked: What Happens to Bitcoin? | Michael Howell
“Cycles have no respect for trends.”
Michael Howell is on the show to explain why global liquidity, not Bitcoin’s four-year cycle, is the force driving Bitcoin, gold and global markets.
Michael argues that the liquidity cycle has already peaked and may not bottom until the second half of 2027. He warns that tighter liquidity could create further downside before the next major monetary expans
Why MSTR Will Underperform Bitcoin | Parker Lewis
"Bitcoin treasury companies are not the equivalent of altcoins, but there’s a very similar lesson that has to be learned: they’re a great way to get less Bitcoin."
Parker Lewis is back on the show to explain why Bitcoin treasury companies such as Strategy (MSTR) may underperform Bitcoin, and why the digital capital narrative gets Bitcoin wrong.
Parker argues that investors buying treasury co
The Next 10 Years Will Decide Bitcoin’s Future | Brandon Quittem
“In my opinion, not just Bitcoin, but the direction of society for our lifetimes and our kids’ lifetimes will be decided in the next five to ten years.”
Brandon Quittem is back on the show to get into whether Bitcoin can survive its transition from a countercultural movement into a global financial asset without losing the qualities that make it revolutionary.
We discuss the growing concentr
Is The Bitcoin Power Law Broken? | Matthew Mezinskis
“I think in ten years, the financial system and the Bitcoin system are going to collide.”
Matthew Mezinskis is a macroeconomic researcher, host of Crypto Voices and one of the leading voices on Bitcoin's power law and global money supply data.
In this episode, we get into whether the Bitcoin power law has finally broken, why the four-year cycle still appears intact, and what the data suggest
Is The Fed Lying About Inflation? | James Lavish
"They will allow inflation to run hotter than they'll admit to."
James Lavish is co-founder of the Bitcoin Opportunity Fund and author of The Informationist newsletter.
In this episode, we discuss Kevin Warsh's first months as Fed chair and whether the Fed is about to change how it measures inflation. We get into the inflation task force, the trimmed mean PCE, why the 2% target was always a
Has Bitcoin Lost Its Narrative? | Fernando Nikolic
“Maybe it’s time to kill your heroes again, and Saylor is now the hero to slay in this cycle.”
Fernando Nikolic is the founder of Perception. In this episode, we get into whether Bitcoin has lost its narrative, why Michael Saylor’s messaging has changed, and how narratives can move markets. Fernando breaks down the shift from Saylor’s early Bitcoin maximalist language to the more recent focus o
The Final Stage Of The Bitcoin Bear Market | Joe Consorti
“Bitcoin’s value prop remains unchanged and a 50% drawdown isn’t something that should scare you. It should be viewed as an opportunity.”
Joe Consorti is back on the show to break down why he thinks the Bitcoin bottom may be closer than many people expect, why $50k is the key level to watch, and why October or November could mark the final low before Bitcoin begins moving into its next bull mar
The Dollar Changed. Bitcoin Is the Endgame | Matt Dines
“The game has changed, it’s very clear.”
Matt Dines is a fixed-income portfolio manager and host of Mind Print Hash. In this episode, we get into why he believes the dollar system has already changed and why Bitcoin may be the endgame.
For decades, global markets have been built around the offshore dollar system: LIBOR, Fed backstops, QE, ZIRP and the assumption that every crisis ends with
Is Michael Saylor Trapped? STRC Explained | Adam Livingston
“The market is trying to find a villain right now—and Saylor is that guy.”
Adam Livingston explains the pressure building around Michael Saylor, MicroStrategy and STRC as the preferred stock trades at $88, well below its $100 par value.
Is STRC broken, or is the market mispricing Strategy’s credit risk? Adam explains how STRC works, why its yield has climbed above 13%, whether it can recover to pa
The Fed Is Trapped: Why Double-Digit Inflation Is Inevitable | Lawrence Lepard
“The whole goddamn thing is a charade… finger in the air, wild-ass guess, total gaslighting and bullshit.”
In this episode, Lawrence Lepard is back on the show to explain why the Fed is trapped between persistent inflation, an accelerating sovereign debt crisis and a financial system that cannot withstand genuinely tight monetary policy.
Lawrence breaks down the Fed’s retreat from forward gu
The Hidden Battle for Global Power | Simon Dixon
“The real battle is not communism versus capitalism. It’s not the radical left versus the far right… They’re all a different flavour of the same agenda.”
Simon Dixon is an entrepreneur & investor. In this episode we get into the decline of American hegemony, the rise of a multipolar world, the petrodollar, China, BRICS, Iran, Venezuela, energy, AI, surveillance and the institutions that operate
The Dollar Endgame Is Not What You Think | Peruvian Bull
“The dollar endgame is still in play, but it’s going to play out much differently than most people think.”
Peruvian Bull, is a macro analyst and the author of Dollar Endgame.
In this interview, we discuss why the collapse of the dollar is unlikely to play out the way most people expect, why the dollar remains so dominant despite America’s worsening debt problem, and why Japan may be the clea
The Best Bitcoin Buying Opportunity In History | Peter Dunworth
I still believe we've got 100X in front of us in the next 10 years… Bitcoin becomes undeniable."
Peter Dunworth is the co-founder of The Bitcoin Adviser.
Bitcoin is at $62,500, down 50% from the all-time high, and sentiment is the worst it has ever been. So why is the most bullish man in Bitcoin calling this the best buying opportunity in history?
We discuss why the bottom is closer than
How The State Makes Us Poorer | Max Hillebrand
"We are taught that the state builds our economy, but the reality is that every act of intervention is an act of wealth destruction."
Max Hillebrand joins the show to tear down the Keynesian fallacies that keep us in a cycle of manufactured poverty and systemic theft. We go deep into the Austrian framework to explain why privacy isn't just a tech feature, it is the bedrock of a free economy.
Why BIP110 Won’t Change Bitcoin | Mr Hodl & Wicked
“In the end, it’s the economic majority of users who decide what Bitcoin is.”
Wicked and MrHodl join the show to break down why BIP110 won’t change Bitcoin.
We get into the fight over arbitrary data on Bitcoin, why they believe BIP110 fails to solve the problem it claims to address, and why miner signalling alone does not define consensus. The conversation covers Bitcoin Core, Knots, the blo
The Bitcoin Credit Gold Rush | Jeff Walton
“We are in the digital gold rush to acquire as much Bitcoin as humanly possible.”
Jeff Walton joins the show to break down the rise of Bitcoin-backed credit, Strive’s SATA instrument, and why perpetual preferred equity could become one of the most important capital market innovations in Bitcoin.
We discuss why SATA is now paying daily dividends, how Strive thinks about risk, reserves, levera
Who Really Controls Bitcoin? | Bitcoin Mechanic
“Whoever blinks first wins.”
Mechanic joins me to discuss the controversial BIP110 proposal, the fight over spam and inscriptions, and whether Bitcoin users can force a consensus change without support from the major mining pools.
We get into miner power, node enforcement, UASF game theory, soft forks, and whether Bitcoin is drifting away from its original purpose as money. Mechanic argues t
Arthur Hayes: The Bitcoin Liquidity Wave Is Here
“Trust the process. The money will be printed.”
Arthur Hayes returns to the show to explain why he believes the Bitcoin bull market is back on, and why the next move higher will once again be driven by global liquidity.
In this episode, we discuss why war, AI, supply chain fragility, rising bond market stress, and political incentives all point in the same direction: more spending, more deb
Bitcoin’s Bull Market Is Back | Checkmate
“We’re in an era where the monetary system is changing. The world is going to look very different on the other side of this thing.”
Checkmate is back on the show to explain why Bitcoin may already be back in a bull market and why the bigger story is not just the price, but the system beginning to crack.
We get into his case that the bottom is likely in, why the $60k flush looked like a real
Bitcoin’s Parallel Economy Is Starting | Brian De Mint
“The alpha is still in Bitcoin. But it’s just by treating Bitcoin as money.”
Brian De Mint is the head of marketing for Club Orange, a real-world social network for Bitcoiners.
In this episode, we discuss why Bitcoin’s next phase may not just be holding the asset, but building a real economy around it: Bitcoin meetups, IRL community, the case for spending sats, merchant adoption, Lightning p
The Bitcoin Treasury Machine | Harry Sudock & Rory Murray
Harry Sudock and Rory Murray from CleanSpark join the show to explain how Bitcoin miners are building entirely new treasury strategy around Bitcoin.
Instead of simply mining Bitcoin and selling it for cash, companies like CleanSpark are now borrowing against it, generating yield from it, using it as collateral, and turning their Bitcoin balance sheet into a tool for expansion.
We get into w
The Future of Owning Bitcoin | Jonathan Pollock
Jonathan Pollock is Product Lead for Bitkey.
In this episode, we get into wrench attacks, why physical coercion is a structural weakness of private key ownership, why seed phrases may be creating more risk than they solve, and why most self custody setups rely too heavily on users never making a mistake.
We talk about the trade offs between security, privacy, recovery, inheritance, and ease
Jack Mallers | Wall Street Is Rebuilding Around Bitcoin
“Bitcoin can change the world because the world can’t change Bitcoin.”
Jack Mallers is back on the show to break down his vision for 21, Strike, and the next phase of Bitcoin’s monetisation.
Jack explains why he doesn’t want to build another pure Bitcoin treasury company or another crypto casino, but a full-stack Bitcoin business: financial services, lending, custody, infrastructure, mining,
The Biggest Lie in Economics | Allen Farrington & Sacha Meyers
“If your system can’t survive without inflation, the problem isn’t deflation.”
Allen Farrington and Sacha Meyers return to the show to break down one of the most misunderstood ideas in economics: deflation.
Allen & Sacha are the authors of Bitcoin is Venice, in this episode they get into their latest essay, Number Go Down, where they challenge the core assumptions behind modern macroeconomic
The Financial System Is Moving to Bitcoin | David Marcus
“Money on the internet is still broken.”
David Marcus returns to the show to break down why moving money globally is still slow, fragmented, and expensive and how Bitcoin could fix it.
David explains how the current system is built on disconnected networks that extract fees, delay payments, and capture data. His solution is a new kind of global account built on Bitcoin infrastructure that un
Can Bitcoin Save The West? | American HODL & Peter McCormack
“There’s a reality here that you guys are all asleep to… we are the only alternative path.”
American HODL & Peter McCormack join the show to break down the growing divide across the West, the collapse of trust in institutions, and whether the current political system is already failing.
We’re moving from a high trust to a low trust society, where incentives are broken, democracy is increasi
AI Is Coming for Bitcoin’s Energy | Michael Dunworth
“Bitcoin has a chance of losing the energy conversation.”
Michael Dunworth joins the show to break down what happens when AI and Bitcoin collide over the world’s most important resource: energy.
Michael argues that as AI demand explodes, governments and corporations will prioritise data centres over Bitcoin mining, potentially rationing energy and pushing Bitcoin to the margins. At the same
Should Satoshi’s Coins Be Frozen? | Rob Hamilton
“Bitcoin’s values are easy to defend until they become inconvenient.”
Rob Hamilton returns to the show to get into Bitcoin as a hero’s journey, and why its next great test may already be here.
Rob explains how Bitcoin evolved from a cypherpunk rebellion into an institutional asset, and why that shift is creating a new fault line inside the network. As more Bitcoin moves into ETFs and corpora
This Is The End Of The Dollar System | Jeff Ross
"The days of imperial America as the global hegemon will be drawing to a close."
Dr. Jeff Ross returns to the show to break down why the dollar system is ending and what comes next.
Jeff argues we're already living through the collapse of the post-war financial order, the petrodollar is dying, oil is being traded in yuan, gold, and Bitcoin for the first time since the 1970s, and the US is en
Why Everyone Is Wrong About Inflation | Ansel Lindner
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Is the Quantum Threat to Bitcoin Actually Real? | Alex Pruden
“There's a 50% chance that by 2033, quantum computers can break Bitcoin.”
Alex Pruden joins me to explain why the threat may be much closer than most Bitcoiners think, what a real quantum attack on Bitcoin would actually look like, and whether bitcoin developers are doing enough to prepare.
We get into the real risk to self custody, exposed public keys, whether Satoshi’s coins could become a
Jeff Booth: Everything They Told You About Money Is Wrong
“You’ve been deceived your entire life.”
Jeff Booth returns to the show to break down Bitcoin, AI, inflation, debt, deflation, and the kind of systemic chaos that could reshape everything people think they know about money. If Jeff is right, we are heading into a period of supply chain shocks, inflation spikes, mass money printing, job destruction from AI, and a brutal repricing of the global e
The Debt Crisis Is Already Here | Lyn Alden
“This is like DEFCON 5. This is a catastrophe.”
The debt crisis is already here. Governments are spending far beyond their means, inflation is quietly eating away at living standards, and the only real escape route is more debasement dressed up as growth. Add in an energy shock, AI driven job losses, and rising social unrest, and the question stops being whether the system is breaking. It becom
Who Controls Your Mind and Your Money? | Bradley Rettler
“We’re subject to monetary domination. We can’t do without money because the vast majority of people have absolutely no say over how money works. That’s an injustice.”
In this episode, I sit down with philosopher Bradley Rettler in Bedford to explore two questions that are going to define the future: what AI is doing to human thought, and whether our monetary system is fundamentally unjust.
The AI Future Is Overhyped. Why Bitcoin Still Matters | Junseth
"No innovation will ever change the world more than 2%. Even Bitcoin." Junseth is a Bitcoin OG who's been here since a week after pizza day. He returns to challenge every narrative the tech world is selling you, from AI replacing all jobs to the metaverse that never existed.
Junseth makes the case that the future is being imagined by people who think the best state of the world is living in you
The Commodity Shift, Credit Crisis & Bitcoin | Eric Yakes
"If there's going to be printing, it's going to be the hardest printing they've ever done. There isn't another option." Eric Yakes returns to break down the macro landscape as global debt hits historic levels, private credit shows real cracks, and the commodity shift accelerates under geopolitical fracture.
Eric explains why the gold rally isn't about one event but a structural inflection point
5 Years In Prison For Building A Bitcoin Wallet | Lauren Rodriguez
At 5am, Lauren Rodriguez woke to laser sights, a drone flying through her house, and 40 armed federal agents raiding their cottage, all because her husband built a Bitcoin wallet.
Keonne Rodriguez co-founded Samurai Wallet in 2015, a non-custodial Bitcoin wallet with privacy features including Whirlpool, their CoinJoin implementation. For nearly a decade, the wallet operated openly on the Googl
This Is The Macro Reset | Nik Bhatia
"5 to 10% is going to cause immense damage. When cash flows stop at the margin, everything collapses because of leverage."
Nik Bhatia returns to break down the macro landscape as war in Iran sends oil to $100, the dollar surges, and volatility clouds the outlook.
Nik explains why he's wiped the slate clean on his macro thesis, why the US economy may still avoid recession despite the chaos,
Bitcoin is Undervalued, But the Bottom Isn't In Yet | Rational Root
Is Bitcoin's four-year cycle still intact, and what does that mean for the next six months?
In this episode, I sit down with The Rational Root to break down where we are in Bitcoin's cycle, why on-chain data is flashing bear market signals despite Bitcoin holding up through the Iran war, and what the bottom formation could look like from here.
We discuss the shift from retail hype to institu
Iran, Oil and the Next Financial Crisis | Luke Gromen
"Our entire financial system will blow up without their factories, without their oil. And they know that. So they can wait."
Luke Gromen is a macroeconomic analyst, investor and founder of FFTT.
In this episode, we get into whether the Iran war exposed a far bigger geopolitical shift than most people realise, why Luke thinks missiles and drones may have changed global power forever, and what
The Four Year Cycle Is Not Broken | Matthew Mezinskis
"Statistically, right now, we are basically at the bottom. This is as cheap as Bitcoin gets."
Matthew Mezinskis is a macroeconomic researcher, host of Crypto Voices and one of the leading voices on Bitcoin's power law and global money supply data.
In this episode, we dig into why Bitcoin's quantile regression is showing we're scraping the absolute floor, why the four-year cycle is completely
Is This The Start Of A Financial Crisis? | Jeff Snider
Is this the start of a financial crisis?
Jeff Snider is the founder of Eurodollar University and the go-to voice on how the global financial system really works.
In this episode, we discuss why the shadow banking and private credit bubble is bursting right now, the cockroaches emerging across the credit markets that reveal nobody did any due diligence during the bubble years, and Jeff's thr
Was Bitcoin’s Price Suppressed? | Alex Thorn
Is Bitcoin's worst sentiment ever actually the biggest buying opportunity?
Alex Thorn is Head of Firmwide Research at Galaxy Digital. In this episode, we discuss why Bitcoin has dropped nearly 50% from its all-time high, the reality behind the Jane Street manipulation allegations, why sentiment is among the worst it's ever been, and whether the four-year cycle played out after all. We also get int
Trump's Secret Plan for a US Economic Renaissance | Brent Johnson
Is the US government preparing to weaponise the dollar like never before?
In this episode, Brent Johnson, creator of the Dollar Milkshake Theory, returns to discuss his $5,000 gold call and why the traditional rules of global macro are currently being rewritten.
We get into the Imperial Circle, the exact strategy Soros, Druckenmiller and Scott Besant used to break the Bank of England, and why
The Breakdown of the Fiat World Order | Parker Lewis
Has the world order actually broken down?
In this episode, I sit down with Parker Lewis to break down Ray Dalio's warning that the global order is collapsing. Parker explains why Dalio is right that things are breaking down, but completely misses the root cause, the currency system.
We get into why the weaponisation of the dollar, from cutting Russia off SWIFT to endless money printing, is wha
Nobody Is Safe From AI Anymore | Mark Suman
Is AI about to replace your job? And should you be terrified?
In this episode, I sit down with Mark Suman to talk about the rapid acceleration of AI, what OpenClaw and agentic AI actually means for the average person, and why the lower rungs of the corporate ladder are about to get sawed off.
We get into the privacy nightmare unfolding as people hand over their most personal data to LLMs, whet
Everyone Was Wrong About This Cycle | Andy Edstrom
"Bear markets are about both price and time. We've had quite a bit of pain on price, we haven't had that much time yet."
Andy Edstrom, author of Why Buy Bitcoin, joins the show to discuss capital preservation and portfolio allocation during a downturn. We analyze the structural health of the market, why the "This Time is Different" narrative failed, and why institutional treasury strategies migh
The Epstein Files: What They Reveal About Bitcoin & The Dollar System | Mark Goodwin
Mark Goodwin is a journalist and author at Unlimited Hangout. In this episode, he breaks down what the Epstein files reveal about Bitcoin's origins and the connections between the Epstein network, the PayPal mafia, and the creation of Tether. We get into whether Bitcoin has been co-opted, the role of stablecoins in extending dollar hegemony, and why the Bitcoin community needs to refocus on buildi
Is The Bitcoin Bottom In? | Checkmate
Checkmate is a Bitcoin analyst known for his on-chain & macro research. In this episode, he breaks down the Bitcoin crash to $60k and why it may have marked a critical inflection point. We get into on-chain data, mean reversion models, and if the bottom is in for this bear market, or we go lower.
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Bitcoin Crashed. What Comes Next? | Joe Consorti
Joe Consorti is a Market Analyst & Head of Growth at Horizon. In this episode, he breaks down one of Bitcoin’s most volatile days since the 2022 bear market. We unpack what’s really driving the selloff, why this isn’t a Bitcoin-native event, and how risk appetite, credit spreads, and Fed policy are shaping the move and the future. We also look at ETF behaviour, the dollar, and why Bitcoin may be d
The System Is Broken, the Fed Is Trapped | James Lavish
James Lavish is a macro investor, former hedge fund manager, and managing partner at the Bitcoin Opportunity Fund. We discuss the emerging debt spiral, why the bond market no longer trusts policymakers, and why rate cuts don’t mean what they used to. James breaks down why the Fed is backed into a corner on money printing, monetary mechanics and the math behind the headlines, and how gold, silver,
The Truth About Quantum Computing & Bitcoin | Brandon Black
Brandon Black is a Bitcoin software engineer. In this episode we discuss why quantum computing is unlikely to threaten Bitcoin in the foreseeable future, how exaggerated claims around qubit scaling and Shor’s algorithm distort the real risk, what concrete evidence would actually force Bitcoin to act, and how questions around soft forks, post quantum cryptography, property rights, and confiscation
Gold Is Being Repriced & Bitcoin Is Next | Caitlin Long
Caitlin Long is the founder and CEO of Custodia Bank, and in this episode we discuss the repricing of gold and its implications for Bitcoin, how derivatives and ETFs suppress price signals, why Wall Street cannot control Bitcoin the way it controlled gold, the strategic role of stablecoins in sustaining dollar demand, and how recent shifts in Treasury and Fed power matter for Bitcoin.
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The Tyranny of Permissionlessness in Bitcoin | Amiti Uttarwar
Amiti Uttarwar is a Bitcoin protocol developer and founder of Waye. In this episode we discuss her path from Bitcoin Core to building support structures for long term open source contributors, the limits of permissionless work, funding and sustainability tradeoffs in Bitcoin development, and why social and human layers now matter as much as technical ones.
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The Fed Pivot, Bitcoin vs Gold & The Return Of QE | Lawrence Lepard
Lawrence Lepard is an investment manager and author of The Big Print. In this episode, he explains why the Federal Reserve has already pivoted back to money printing and why inflation is now structurally embedded in the system. We discuss the growing inevitability of yield curve control, what gold and silver are signaling and why Bitcoin is the most asymmetric response to policy failure and moneta
Bitcoin Is Still Winning | Cory Klippsten
Cory Klippsten joins the show for a conversation on Bitcoin, power, and what is actually happening beneath the surface of the crypto industry. We break down why offshore exchanges are tolerated by governments, how surveillance and enforcement shape market structure, and why much of the crypto economy exists to extract rather than create long term wealth. Cory explains why Bitcoin adoption advanced
The Bitcoin Cheat Code | Mark Moss
Mark Moss joins the show to talk about why Bitcoin is not just an asset, but a financial cheat code that exposes how broken the modern system really is. Mark explains why wages can never outrun inflation, why saving harder is a losing strategy, and why wealth has always been built through assets, leverage, and system design rather than hustle culture. We unpack Bitcoin treasury companies, MSTR, le
Michael Saylor | The Bitcoin Treasury Debate Gets Heated
Michael Saylor joins the show for a conversation on Bitcoin, power, and the treasury company playbook. We recap 2025 and look forward at 2026 with Michael arguing that Bitcoin’s real progress shows up in institutions, credit markets, accounting rules, and bank adoption, not short term price action.
We then get into a confrontational debate on Bitcoin treasury companies, mNAV, and corporate adop
Only Bitcoin Can Stop Government Corruption | Peter McCormack
Peter McCormack is back on the show for a conversation on power, the state of the UK, and why the system is broken. We get into how debt, inflation, and centralised government incentives have hollowed out public services, destroyed the middle class, and turned politics into a fight over power rather than outcomes. Peter explains why inflation is the real tax, why asset inflation benefits elites at
How The Financial System Controls Governments | Simon Dixon
Simon Dixon joins the show for a conversation on money, power, and why Bitcoin exists at all. Drawing on decades inside investment banking and monetary reform, Simon explains why modern capitalism is not capitalism at all, how debt based money guarantees systemic collapse, and why governments are not the real locus of power. We trace the origins of central banking, fractional reserve lending, and
2025: BITCOIN IN REVIEW | HODL & ODELL
American HODL & Matt Odell join the show for a review of a year that left most Bitcoin narratives exposed. We unpack why expectations ran ahead of reality, why the super cycle never materialised, and how ETFs, treasury companies, and institutional capital quietly changed how this market actually operates. We get into Bitcoin’s underperformance versus gold and equities, the absence of meaningful re
2026 Macro Outlook and What It Means for Bitcoin | Joe Carlasare
Joe Carlasare joins the show for a breakdown of why Bitcoin’s sideways year has been so widely misread, and why sentiment today is the worst it's been. We get into why 2025 fell below expectations, why Bitcoin’s lack of volatility pushed capital toward AI stocks and gold, and the fall out from the October 10th liquidation event.
We get into why the four year cycle narrative no longer fits a market
The Global Financial System Is Structurally Broken | David Dredge
David Dredge joins the show for a deep dive into why risk is being dangerously misunderstood across global markets, and why Bitcoin’s recent underperformance may actually be a symptom of structural stress, not failure. David explains why volatility itself isn’t the risk, why leverage is the real accelerant, and how TradFi risk models quietly manufacture systemic blow-ups.
We unpack how suppressed
Bitcoin, Liquidity, And The Coming Inflection Point | Jeff Ross
Jeff Ross joins the show for a breakdown of why the global financial system is cracking and why Bitcoin’s recent weakness may be the setup.
We discuss why governments are trapped into monetising debt, why inflation is no longer a policy choice, and how deflation could ultimately kill fiat currencies altogether. Jeff also explains why the four year Bitcoin cycle is effectively dead, how a multi-ye
Liquidity, Deficits & the Real Bitcoin Signal | Sam Callahan
Sam Callahan is the Director of Strategy & Research at OranjeBTC.
In this episode we discuss why Bitcoin’s fundamentals have never been stronger, why Bitcoin periodically decouples from global liquidity, how internal market dynamics can override macro conditions, and why today’s divergence between improving fundamentals and weak price action may actually be one of the most misunderstood moments in
Fiat Money, Inflation & the Collapse of Civilization | Saifedean Ammous
Saifedean Ammous joins the show to explain why the real collapse didn’t begin in 1971, but in 1914, and how fiat money quietly rewired civilisation itself. We break down how governments escaped monetary discipline through war finance, why inflation destroys savings, culture, and long-term thinking, and how central banks learned to fund wars, empires, and endless deficits without public consent. Sa
The Bitcoin Bull Market Hasn’t Started Yet | Eric Yakes
Eric Yakes joins the show to discuss what’s really driving Bitcoin right now and why price is determined by fundamentals, not cycles or models. We break down how marginal supply and marginal demand actually work in Bitcoin, why the four-year cycle may never have been real, and how years of behind-the-scenes work inside institutions and regulators lead to the sudden headlines that reprice the marke
The Future of Bitcoin Treasuries | Jeff Walton
Jeff Walton joins the show for a deep dive into the state of Bitcoin treasury companies, the rise of digital credit, and why we may be entering the most aggressive phase of institutional Bitcoin adoption yet.
We get into Paper Bitcoin Winter, why so many treasury companies are trading below 1× MNAV, and whether the original playbook of issuing equity, & buying Bitcoin may be running out of road.
How Bitcoin Is Changing the World | Erik Hersman, Phillip Walton, Eric Yakes & Mark Kamau
Erik Hersman, Phillip Walton, Eric Yakes & Mark Kamau join the show for a deep dive into energy, mining, and the reality of electrifying Africa — and why Bitcoin is quietly unlocking possibilities no NGO or government has ever managed to achieve.
We get into the wild journey across northern Kenya to the forgotten village of Saru where communities live without electricity, refrigeration, or basic
How Broken Money Distorts Reality | Seb Bunney
Seb Bunney joins the show for a conversation about broken money, distorted reality maps, and why Bitcoin might be the only force capable of realigning society.
We get into his personal journey from mountain-bike coaching in Whistler and realising hard work no longer pays, to discovering how central banks, misaligned incentives, and financialisation quietly shape everything from housing and family
Bitcoin, AI & The Fourth Turning | George Bodine
George Bodine joins the show for a wild conversation about the fourth turning, AI, quantum, and why he believes the next 3–5 years will be the most volatile period in Bitcoin history.
We get into his insane life story — from trailer parks to flying F-18s at Top Gun, ejecting from a crashing jet, working underground as a miner, becoming a pro artist, and eventually going all-in on Bitcoin.
Ge
The $60 Billion Bitcoin Bet | Strategy CEO Phong Le
Phong Le, CEO of Strategy, joins the show to break down exactly how the world’s biggest Bitcoin treasury company works. The Bitcoin-backed credit markets, the preferreds, the leverage, and how Strategy keeps buying Bitcoin in bull and bear markets.
We dig into how MicroStrategy pivoted during 2020, how Phong and Michael Saylor built the Bitcoin treasury model from scratch, and why Strategy belie
Bitcoin Adoption Is Going Mainstream | Max Guise
Max Guise from Block joins the show to break down one of the biggest leaps forward for Bitcoin self-custody: BitKey’s new privacy upgrade, why it matters, and how it removes one of the last major trade-offs between safety and privacy.
We get into how BitKey’s new chaincode-delegation system prevents Block from seeing balances or transactions, and why this BIP unlocks a new era for private, user-
Did the Bitcoin Bull Market Just End? | Checkmate & Alec Dejanovic
Checkmate and Alec Dejanovic from Checkonchain break down what’s really happening with Bitcoin’s price. The unprecedented long-term holder sell-off, the spot buyers absorbing billions, and why this cycle looks less like a normal bull market and more like a Great Rotation.
We get into old coins coming back to life, sovereign accumulation, stalled ETF flows, and why the real story isn’t who is selli
Bitcoin, AI & the Coming Surveillance State | Mark Suman
Mark Suman is the co-founder of Maple, a fully private, open-source AI.
Mark breaks down how Big Tech and governments are using AI to harvest data, profile behaviour, and build the foundations of a coming surveillance system. We get into closed-source models tracking your thoughts and emotions, AGI hype vs reality and the rise of Chinese open-source AI and why private, verifiable AI is the only
Bitcoin, Gold & the Coming Liquidity Pivot | Lyn Alden
Lyn Alden is a macroeconomist, investor, and the author of Broken Money, known for her deep analysis of liquidity cycles, fiscal dominance, and long-term market structure.
In this episode, Lyn breaks down the major macro shift happening right now, the end of quantitative tightening, the turning point in global liquidity, and what this means for Bitcoin, gold, interest rates, and risk assets. She e
Is BIP444 An Attack on Bitcoin? | Rob Hamilton
Rob Hamilton is the co-founder and CEO of Anchor Watch, a Bitcoin custody and insurance provider.
In this episode, Rob breaks down BIP-444, the proposed soft fork aimed at stopping spam. He explains why it represents the most contentious governance moment since the block-size wars, what the proposal actually changes, how it could trigger chain splits and reorgs, and why he believes the effort has
What It Really Means to Be Sovereign | SeedSigner
SeedSigner is an open-source Bitcoin signing device.
In this episode, SeedSigner breaks down why trustless hardware matters and why Bitcoin security is a journey, not a destination. He explains how hardware wallets have become a “cat-and-mouse” game of exploits and firmware trust, why he chooses to trust math over manufacturers, and how SeedSigner gives users a verifiable, DIY alternative to com
Bitcoin Power Law: The End of Exponential Growth | Matthew Mezinskis
Matthew Mezinskis is a macroeconomic researcher, host of Crypto Voices and creator of Porkopolis Economics.
In this episode, Matthew breaks down why Bitcoin doesn’t grow exponentially like traditional finance, it grows on a power curve. He explains why this difference matters for sustainability, how it challenges credit-based systems, and what it means for the long-term coexistence of Bitcoin an
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