Onramp Bitcoin Media

Scarce Assets: Jeroen Blokland explains why bonds have destroyed wealth for 20 years, how $124 trillion in generational wealth will reshape portfolios, & why gold at $5,000 is just the beginning.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

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👉 Institutional: https://onrampbitcoin.com/products/institutional
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Jackson Mikalic on X // Jeroen Blokland on X // Jeroen Blokland on LinkedIn // Jeroen's new book

🎙️ About This Episode
Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund and author of The Great Rebalancing, joins Scarce Assets to explain why the traditional 60/40 portfolio is broken—and what replaces it. With 20+ years building multi-asset portfolios, Jeroen left traditional finance to launch a fund focused on scarce assets: quality stocks, physical gold, and directly-held Bitcoin. We discuss why bonds have delivered negative real returns for two decades, how gold at $5,000 still isn't enough to rebalance the system, the mechanics of financial repression, why owning assets outside the system matters more than ever, and how $124 trillion in generational wealth transfer will reshape portfolios. The conversation also covers Bitcoin's coming catalyst and the AI investment bubble Jeroen sees forming.

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 — Gold's Historic Rally to $5,000
03:08 — What's Driving the Gold Breakout
08:43 — How Long Will the Rally Last?
16:20 — The Myth of Central Bank Independence
21:54 — Trussonomics: When Bond Markets Strike Back
29:58 — The Great Rebalancing Defined
38:40 — Financial Repression & Forced Bond Buying
47:44 — Owning Assets Outside the System
53:23 — The $124 Trillion Wealth Transfer
59:16 — AI Productivity Gains vs. Investment Bubble
1:06:58 — Bitcoin's Catalyst & 2026 Outlook
1:10:41 — Where to Find Jeroen's Book, 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

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 - Market Dynamics of Precious Metals and Bitcoin
06:02 - Infrastructure Developments in Digital Assets
12:01 - IPO Trends in the Digital Assets Space
17:44 - The Future of Digital Assets and Banking
23:47 - AI's Impact on Financial Services
29:44 - The Evolution of Bitcoin and Silver
35:39 - The Centralization of Bitcoin Ownership
41:43 - Navigating the Challenges of Physical Precious Metals

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://finance.yahoo.com/news/bitgo-debuts-york-stock-exchange-132125936.html
https://x.com/pitdesi/status/2014466502016061456
https://x.com/jasonlk/status/2014745189794144420
https://www.theblock.co/post/386066/steak-n-shake-adds-10-million-to-btc-treasury-eight-months-after-lightning-network-rollout
https://www.theblock.co/post/386810/ledger-mulls-new-york-ipo
https://archive.ph/RpgdO
https://x.com/lopp/status/2015411078214340763?s=20
https://x.com/StoicTA/status/2014701409682555064?s=20
https://www.reuters.com/world/fdic-clears-way-ford-general-motors-set-up-industrial-banks-2026-01-22/
https://crypto-fundraising.info/blog/2025-crypto-fundraising-report/
https://www.techinasia.com/news/sg-crypto-startup-veera-raises-10m
https://x.com/MTanguma/status/2015857475606429922?s=20
https://www.wsj.com/finance/banking/jpmorgan-cuts-all-ties-with-proxy-advisers-in-industry-first-78c43d5f

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/

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.

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

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/