What Bitcoin Did

"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 arbitrary, and how the balance sheet...

“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 on cre...

“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 market.

We dis...

“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 more liquidity. B...

“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 par, and what...

“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 guidance, wh...

“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 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 clearest warnin...

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 you think, why the next cycl...

"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.

We discuss:\

• The Theft Tr...

“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 blocksize war,...

“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, leverage, and Bitcoin c...

“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 that Bitcoin’s str...

“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 debt, and more money print...

“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 capitulation even...

“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 payments, Bi...

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 why Bitcoin may become the best coll...

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 of use, alongside BitKey’s ne...

“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, capi...