Are Bitcoin Treasuries the Next Big Thing or the Next Blowup? with Richard Byworth
Connect with Onramp // Onramp Terminal // Richard Byworth on X // Syz Capital // Bram Kanstein on XThe 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 - Welcoming Back Richard Byworth01:15 – Bitcoin as the Hurdle Rate07:37 – Rise of Bitcoin Treasury Companies09:34 – Strategy’s “21-21 Plan” & Market Reaction16:25 – Retail Participation & Counterparty Risk22:14 – Cultural Rift: Bitcoin Maxis vs TradFi Infiltration27:46 – Custody, Governance, and Hidden Risks30:10 – Geographic Arbitrage: Why the UK & Japan Are Hotbeds39:54 – Bitcoin as Mortgage Collateral: FHFA Policy Shift47:17 – Bitcoin’s Role in Recapitalizing Debt Markets50:02 – Why Bitcoin Isn’t $250K (Yet)54:31 – Patience, Conviction, and the Fiat Mind Virus58:10 – Are BTC Treasury Companies Just ICOs in Disguise?01:06:07 – ICO PTSD & the Need for Disciplined Diligence01:10:43 – Final Thoughts & BPI Summit Recap01:14:26 – Outro & DisclaimerPlease subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.
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1:19:14
Texas Goes ALL-IN on Bitcoin: Front Running Federal Accumulation
Connect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Introduction and Overview of Recent Developments02:48 - Stablecoins and Regulatory Changes06:43 - Market Dynamics and Institutional Trust10:56 - Texas Bitcoin Reserve Legislation14:42 - Custody Solutions and Security Risks20:57 - Technological Revolutions and Market Perception32:14 - Navigating Competition in Crypto Markets33:39 - The Zero-Sum Nature of Bitcoin Trading36:33 - Counterparty Risks and Market Dynamics38:34 - The Role of Institutional Adoption in Bitcoin's Future41:59 - Understanding Bitcoin's Volatility and Market Behavior45:29 - The Future of Money and Digital Assets46:39 - The Impact of Capital Constraints on Business Growth49:36 - Bitcoin as a Conservative Capital Strategy52:06 - Building Sustainable Businesses in a Bitcoin Economy56:43 - Counterparty Risk in Gold and Bitcoin MarketsIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.earlyriders.com/open-range/open-range-reserves-rise-hackers-strike-and-futures-coolhttps://www.cnbc.com/2025/06/18/pro-israel-hackers-iran-crypto.htmlhttps://www.reuters.com/world/middle-east/suspected-israeli-hackers-claim-destroy-data-irans-bank-sepah-2025-06-17https://cryptobriefing.com/texas-bitcoin-reserve-lawhttps://www.cnbc.com/2025/06/17/genius-stablecoin-bill-crypto.htmlKeep up with Michael: X and LinkedInKeep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn
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57:42
Stablecoin Supercycle: The GENIUS Catalyst for Bitcoin’s Next Surge
Connect with Onramp // Onramp Terminal // Bitcoin Policy Summit // Stephen Pollock on XThe 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 Stephen Pollock from BPI01:09 - Market Resilience Amid Geopolitical Tensions07:04 - The Genius Act and Its Implications for Stablecoins14:57 - The Future of Stablecoins and Financial Services20:52 - Digital Threat Landscape and Bitcoin Custody28:11 - Bipartisan Support for Bitcoin Policy33:51 - The Economic Weight of Bitcoin in Politics37:35 - The Current State of Bitcoin Adoption44:01 - Comparing Bitcoin to Historical Technological Shifts50:43 - Bitcoin's Relationship with Government and Policy57:34 - The Future of Bitcoin in America01:03:44 - Bitcoin Policy Summit Sneak PreviewPlease subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.
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1:26:44
Long Chaos, Short Trust: Bitcoin is the Modern Safe Haven
Connect with Early Riders // Connect with OnrampPresented 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 Volatility and Bitcoin's Resilience03:52 - Geopolitical Events and Bitcoin's Reaction06:40 - The Role of Stablecoins in the Crypto Ecosystem09:46 - Innovations in Crypto Products and Market Strategies12:47 - Corporate Adoption of Bitcoin Treasury Strategies15:45 - The Shift Towards Stablecoins and Bitcoin Integration18:44 - Cardano's Move Towards Bitcoin22:02 - Bitcoin Dominance and Market Dynamics29:23 - The Evolving Landscape of Crypto Firms32:07 - Consolidation in Bitcoin Treasury Strategies33:10 - The Value of Bitcoin as a Treasury Asset34:36 - The Race for Bitcoin Accumulation36:27 - Market Dynamics and Concentration Risks38:30 - Public Market Trends in Crypto40:29 - The Future of Bitcoin and Corporate Strategies43:14 - Innovations in Crypto Custody Solutions45:58 - Macro Trends and Employment Dynamics48:57 - The Intersection of AI and Bitcoin51:48 - Tether's Strategic Investments in Scarce Assets55:22 - CPI Methodology and Inflation InsightsIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.earlyriders.com/open-range/global-heavyweights-back-bitcoin-as-collateral-w6xa6https://finance.yahoo.com/news/stripe-buy-crypto-wallet-provider-085421625.htmlhttps://www.gemini.com/strategic-bitcoin-reservehttps://www.coinbase.com/blog/earn-up-to-4-percent-bitcoin-back-on-every-purchase-with-the-new-coinbase-one-cardhttps://coincentral.com/coinbase-to-roll-out-crypto-perpetual-futures-for-u-s-traders/https://finance.yahoo.com/news/growing-number-fortune-500-companies-180249961.htmlhttps://x.com/coinbureau/status/1934181586985013412?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweethttps://finance.yahoo.com/news/financial-markets-giant-dtcc-explores-151007216.htmlhttps://x.com/i3_invest/status/1932890582713840042?s=46&t=PV2x02cG_nl7mRDNaKNUMAhttps://x.com/themaverickws/status/1932793962760445998?s=46&t=PV2x02cG_nl7mRDNaKNUMAhttps://x.com/globalmktobserv/status/1932807578792177913?s=46&t=PV2x02cG_nl7mRDNaKNUMAKeep up with Michael: X and LinkedIn Keep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn
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1:00:25
Nothing Stops This Train: Bitcoin’s New Era of Demand & Danger
Connect with Onramp // Onramp Terminal // Gerry O'Shea on X // HashdexThe 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, & Tim Kotzman. 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 - Bitcoin's Bullish Momentum in 202504:35 - Market Sentiment and Price Analysis07:24 - ETF Impact on Bitcoin's Market Structure10:24 - Institutional Adoption and Investor Behavior13:27 - State Policies and Bitcoin Investments16:51 - The Role of Bitcoin in Fiscal Responsibility19:39 - Political Dynamics and Bitcoin's Future44:14 - The Debt Train: A Silver Lining45:34 - Policy Shifts and Bitcoin's Role50:46 - Legislative Landscape: Stablecoins and Market Structure58:17 - Stablecoins: Integration into Traditional Finance01:02:17 - Physical Security and Bitcoin Ownership01:12:22 - The Future of Bitcoin and Market Dynamics01:19:42 - Outro and DisclaimerPlease subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.
Onramp Media
Bitcoin-native insights on markets, investing, and the future of finance.
https://onrampbitcoin.com/
The Last Trade
Bitcoin meets macro.
Onramp Media’s flagship show covering markets, monetary policy, tech, and the shifting tides of global finance.
Final Settlement
Building on Bitcoin.
A biweekly dive into Bitcoin applications, protocol development, and early-stage venture—brought to you by Early Riders.
Scarce Assets
Bitcoin for professionals.
Conversations with allocators and finance pros on portfolio strategy, hard money, and the rise of digital scarcity.
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