Onramp Bitcoin Media

Connect with Early Riders // Connect with OnrampPresented 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 Context Setting02:13 - Market Sentiment and Price Action07:12 - Tether's Position and Strategic Moves13:12 - Erebor's National Banking Charter and Industry Implications27:39 - The Future of Banking and Digital Assets30:16 - APIs and the Evolution of Financial Services33:15 - Stablecoins and the Acceleration of Crypto Adoption35:23 - The Transformation of Financial Services through Digital Assets39:00 - Tokenized Cash and the Role of CME Coin43:59 - The Rise of AI Bots in Financial Transactions47:58 - Bitcoin vs. Stablecoins: The Future of Digital Currency51:02 - Decentralized Infrastructure and the Future of TokenomicsIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.theblock.co/post/388540/cme-group-tokenized-cash-coin-developed-google-use-crypto-collateral-roll-out-this-yearhttps://au.finance.yahoo.com/news/exclusive-escape-velocity-raises-62-130000621.htmlhttps://x.com/intangiblecoins/status/2019056067930477043?s=20https://x.com/tether/status/2019520461302804919?s=20https://x.com/TFTC21/status/2019826399641846125?s=20https://finance.yahoo.com/news/pave-bank-secures-39m-funding-163111664.htmlhttps://finance.yahoo.com/news/palmer-luckey-backed-erebor-receives-225304165.htmlhttps://www.anchorage.com/insights/anchorage-digital-tether-introduce-usathttps://tether.io/news/tether-announces-100-million-strategic-equity-investment-in-anchorage-digital/https://archive.ph/odfMv#selection-1577.0-1577.68Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

In Episode 23 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and Michael Tanguma break down the most important Bitcoin and macro developments from the past few weeks.00:00 - The Believers Are Being Tested06:28 - A Silent Clock Ticking in the Background17:25 - 90% of ETF Capital Hasn't Moved28:44 - The DAT Reckoning41:18 - Why Hasn't Burry Figured It Out?53:24 - Bitcoin Is a 10x Over Gold58:42 - Volatility Is Not Tail Risk1:05:51 - Paper Bitcoin Has Less Wiggle Room1:13:52 - Crypto Is Unraveling1:22:56 - Fundamentals Up, Price DownThe ₿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: Eric Balchunas of Bloomberg breaks down bitcoin's brutal drawdown, why 94% of ETF investors aren't selling, the "silent IPO" of OG holders, and the macro case for what comes next.--- 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.⁠UPCOMING WEBINAR⁠👉 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/contactEric Balchunas on X: https://x.com/EricBalchunasThe 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 EpisodeEric Balchunas returns to The Last Trade to put bitcoin's 45% drawdown in perspective. Drawing on his deep expertise in ETF flows and investor behavior, Eric makes the case that this correction — while painful — is completely normal. With 94% of bitcoin ETF assets still intact and the fundamental debasement thesis unchanged, the real story may be less about what's going wrong and more about the price investors pay for outsized long-term returns.The conversation covers the "silent IPO" of OG holders taking profits, why ETF investors are the smart money in this cycle, the Kevin Warsh Fed chair implications, and why short-term narratives drawn from a year of data are "so dumb." Eric also shares what's exciting him in the broader ETF space — including the race to get SpaceX and other private companies into exchange-traded wrappers.🧠 Chapters02:07 — Intro & Welcome Back Eric Balchunas04:16 — "Bitcoin Is Rocky Balboa" & Contextualizing Drawdowns10:18 — Volatility Is the Cost of Admission13:30 — The Silent IPO: OGs Selling & Why That's OK23:41 — Kevin Warsh, the Fed & the Trump Put34:58 — Understanding the Problem to Understand Bitcoin38:59 — Why 94% of ETF Investors Aren't Selling45:41 — Value Investing Wisdom & Human Psychology49:51 — Crypto Contagion, Tokenization & Bitcoin's Separate Lane55:35 — Vanguard vs. BlackRock & the Race for Private Markets1:06:00 — Closing Thoughts, Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.02:10 - The Bitcoin Paradox: Everything We Wanted Except Price11:32 - The Stablecoin Legislation Battle21:05 - Elon Musk & The Singularity Prediction27:16 - Why Washington Only Wants to Talk Stablecoins36:42 - "SaaS Is Dead" - The AI Disruption of Software44:43 - The Purpose Economy: Finding Fulfillment Beyond Work52:49 - Compressing Innovation Cycles57:48 - The Ticking Clock on Monetizing Ones and Zeros1:09:12 - Bitcoin as the "Leash" on AI: The Yin and Yang Thesis1:12:29 - SpatialGen & The Future of Virtual ExperiencesIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Keep up with Cam Doody:https://x.com/camdoodyhttps://www.linkedin.com/in/cam-doody-b489a124/https://www.justlaybrick.com/Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

The Last Trade: Gold and silver surge while bitcoin stalls — Mel Mattison unpacks the macro divergence, the Clarity Act's failure, and why the fundamental case for non-USD assets is only getting stronger.--- 🔸 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/contactUPCOMING WEBINAR: https://us06web.zoom.us/webinar/register/1517685004120/WN_yC29RjYoQsq6KyjyYH4ouAThe 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 EpisodeMel Mattison returns to explain why bitcoin hasn't participated in the broader rally in non-USD assets — even as gold hits all-time highs and emerging markets outperform. Rather than abandoning his thesis, Mel frames bitcoin as being in its "puberty stage," with uneven growth before reaching adult stability.The conversation unpacks the real reason the Clarity Act failed: stablecoins with yield threaten the banking system's core business model. We explore the sovereign debt picture, why Europe may be the real powder keg, and how the Fed will eventually be forced to expand its balance sheet as traditional treasury buyers exit.We close on potential upside surprises — including Trump's possible use of Defense Department vehicles to buy bitcoin — and why deflationary forces from AI and demographics may thread the needle between debasement and collapse.🧠 Chapters00:00 — 2026 Market Recap & Why Bitcoin Is Stalling09:29 — Bitcoin's "Puberty Stage" & Investor Base Turnover24:55 — Emerging Markets, Gold & Non-USD Assets Winning35:00 — The Clarity Act, Banks & the Inflation Tax50:23 — Europe as the Powder Keg & Sovereign Debt Risks58:06 — AI, Demographics & the Permanent Underclass💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

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.--- 🔸 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/contactJackson Mikalic on X // Jeroen Blokland on X // Jeroen Blokland on LinkedIn // Jeroen's new book🎙️ About This EpisodeJeroen 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.🧠 Chapters00:00 — Gold's Historic Rally to $5,00003:08 — What's Driving the Gold Breakout08:43 — How Long Will the Rally Last?16:20 — The Myth of Central Bank Independence21:54 — Trussonomics: When Bond Markets Strike Back29:58 — The Great Rebalancing Defined38:40 — Financial Repression & Forced Bond Buying47:44 — Owning Assets Outside the System53:23 — The $124 Trillion Wealth Transfer59:16 — AI Productivity Gains vs. Investment Bubble1:06:58 — Bitcoin's Catalyst & 2026 Outlook1:10:41 — Where to Find Jeroen's Book, Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented 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 Bitcoin06:02 - Infrastructure Developments in Digital Assets12:01 - IPO Trends in the Digital Assets Space17:44 - The Future of Digital Assets and Banking23:47 - AI's Impact on Financial Services29:44 - The Evolution of Bitcoin and Silver35:39 - The Centralization of Bitcoin Ownership41:43 - Navigating the Challenges of Physical Precious MetalsIf 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.htmlhttps://x.com/pitdesi/status/2014466502016061456https://x.com/jasonlk/status/2014745189794144420https://www.theblock.co/post/386066/steak-n-shake-adds-10-million-to-btc-treasury-eight-months-after-lightning-network-rollouthttps://www.theblock.co/post/386810/ledger-mulls-new-york-ipohttps://archive.ph/RpgdOhttps://x.com/lopp/status/2015411078214340763?s=20https://x.com/StoicTA/status/2014701409682555064?s=20https://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-10mhttps://x.com/MTanguma/status/2015857475606429922?s=20https://www.wsj.com/finance/banking/jpmorgan-cuts-all-ties-with-proxy-advisers-in-industry-first-78c43d5fKeep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://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 Banker06:28 - The Elites Have No Clue10:22 - Davos 2025: Something Shifted16:39 - Crypto Is Dead, Bitcoin Wins37:09 - Gold Added $20 Trillion — Bitcoin Is Next44:46 - The Most Unfalsifiable Ledger Ever Created54:01 - Why This Takes Longer Than You Think1:08:10 - 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/contactUPCOMING WEBINAR: https://us06web.zoom.us/webinar/register/1517685004120/WN_yC29RjYoQsq6KyjyYH4ouAThe 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 EpisodeAt 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.🧠 Chapters00:00 — Bitcoin Price Noise vs Monetary Signal02:17 — Gold’s Breakout & the Order of Operations09:12 — Davos Confronts Issuer-Less Money21:09 — Sovereign Debt & the AI Escape Fantasy29:55 — Trust Erosion, Taxes, & Counterparty Risk36:06 — Why This Isn’t a Reflexive Bitcoin Cycle41:32 — Market Structure, Policy Signals, & Access45:52 — Quantum Risk Narratives & Allocation Behavior47:58 — Stablecoins as Rails, Bitcoin as Reserve51:18 — Practical Frameworks & Closing Thoughts💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented 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 Fight16:48 - State Street Joins the Crypto Rush22:01 - Goldman: Tokenization + Prediction Markets24:04 - Distributions Versus Niches in Bitcoin Infrastructure32:06 - TradFi Floodgates into Digital Assets33:21 - Consumer Versus Enterprise Stablecoin Adoption42:18 - Latest In Digital Asset Infrastructure Fundraises55:56 - AI Tools Impact on EntrepreneurshipIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly: https://www.earlyriders.com/researchLinks 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-rollouthttps://www.theblock.co/post/385924/belarus-authorizes-cryptobankshttps://x.com/TheOneandOmsy/status/2011673735065939979?s=20https://www.coindesk.com/business/2026/01/14/germany-s-second-largest-lender-dz-bank-secures-retail-crypto-trading-mica-licensehttps://coinpedia.org/crypto-live-news/standard-chartered-to-launch-crypto-prime-brokeragehttps://bitcoinmagazine.com/news/21shares-launches-bitcoin-and-gold-etphttps://decrypt.co/354542/visa-partners-with-bvnk-to-enable-stablecoin-payouts-on-visa-directhttps://x.com/BitcoinMagazine/status/2013205830288499021?s=20https://x.com/Houlgrave/status/2012208491578950089?s=20https://www.theblock.co/post/386048/anchorage-digital-could-raise-up-to-400-million-as-ipo-rumors-swirl-bloomberghttps://www.rain.xyz/resources/rain-raises-250m-series-c-to-scale-stablecoin-powered-payments-infrastructure-for-global-enterprisesKeep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

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/contactThe 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 EpisodeMarty 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.🧠 Chapters00:00 — Marty Bent Returns & Bitcoin Starts 2026 Strong05:52 — Sovereign Stress & Bitcoin as a Neutral Reserve12:14 — Fed vs Treasury, Monetary Authority, Trust Erosion17:13 — Fraud, Waste, & the Hard Asset Rotation27:24 — Stablecoins, CBDCs, Digital ID Risk34:28 — AI, Privacy, Productivity, Agency Divide52:07 — Gold & Silver Dislocations, Physical vs Paper58:03 — Broken Denominator, Supercycle Framing01:08:53 — Guest Requests & Onramp Update01:11:27 — Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

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/contactJackson Mikalic on X --- https://x.com/macrojack21Alex Pron on X --- https://x.com/Crossover_Alex🎙️ About This EpisodeAlex 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 volatilityScarce 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.🧠 Chapters00:00 — Wealth Management Meets Bitcoin07:33 — How Bitcoin Changed an RIA’s Market Lens13:39 — The Supply Story: Scarcity, Issuance, and 21M19:27 — Bitcoin vs Crypto: Portfolio Roles and Risk25:23 — Where Bitcoin Demand Comes From Next30:32 — 2025: Price Action vs Fundamentals (What Happened)41:31 — AI, Deflation, and Why Bitcoin Differs From Metals54:46 — Sentiment, Cycles, and the Long-Term Setup58:42 — Outro and Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented 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 Filing12:30 - Rumble and Tether's Crypto Wallet Launch18:07 - Walmart's One Pay Bitcoin Integration29:49 - Early Riders Team Updates31:58 - The White Paper: A Manifesto For All Future Capital Allocation34:26 - Building Bridges: Traditional Finance Meets Bitcoin36:47 - The Bitcoin Standard: A New Era of Capital Formation38:46 - Debasement and the Search for Sound Money43:30 - The Future of Venture Capital: Aligning Incentives47:03 - AI and the New Age of Entrepreneurship55:24 - Onramp for Everyone: Expanding Access to BitcoinIf 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/aan9dw6fkd2z746ehttps://www.bloomberg.com/news/articles/2026-01-09/walmart-backed-super-app-onepay-hits-4-billion-valuation?embedded-checkout=truehttps://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-AA1TP8N5https://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=truehttps://x.com/faryarshirzad/status/2008898606317687058?s=20https://x.com/aakashgupta/status/2007666720656511233https://decrypt.co/353693/morgan-stanley-registers-bitcoin-solana-funds-sechttps://corp.rumble.com/blog/rumble-and-tether-launch-crypto-wallet-for-creator-economy/Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

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 Era08:10 — Morgan Stanley Files a Bitcoin ETF12:45 — From Access to Recommendation17:30 — Financialization, Collateral, and Bitcoin’s Wall Street Endgame22:20 — “Bear Market” Psychology vs Structural Reality27:40 — The Supply Problem No One Is Positioned For32:10 — Gold, Bonds, and the Real Rotation Trade36:50 — Regulation Signals: The Clarity Act & Political BTC Buys41:20 — Venezuela, Sovereign Bitcoin, and Strategic Reserves46:30 — AI, Consciousness, and the Coming Slop Era52:10 — Bitcoin as a Truth Anchor57:40 — Prediction Markets, Degeneracy, and Growing Pains1:01:30 — Hashrate: The Signal That Never Lies1:06:10 — The Real Adoption Bottleneck: Custody & Physical Risk1:12:30 — CNBC Panic, Monetary Debasement, and the Inevitable Trend1:15:40 — 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.

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 EpisodeIn 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.🧠 Chapters00:00 — Why This Year Feels Different for Bitcoin02:05 — Morgan Stanley’s ETF Filing & Institutional Demand11:30 — Sentiment vs. Fundamentals: 2026 Bitcoin Setup21:34 — Degeneracy, Nihilism, Work, & Money34:12 — Agency, AI, & the Future of Wealth Creation37:14 — Dead Internet, Slop, & the Return to Analog Signal39:22 — Running It Hot: AI, Growth Narratives, & Asset Inflation43:09 — Fraud, GDP, & the Trust Breakdown49:43 — Institutional Trust Erosion & Market Consequences53:17 — Mimetic Momentum: What Ignites the Next Reflexive Move01:04:10 — Gold vs. Bitcoin: Wealth Effects & the Broken Denominator01:07:56 — Custody Risk Comes Into Focus01:22:16 — Market Structure, Custody, & Bitcoin’s Path Forward01:27:08 — Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented 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 Overview02:47 - Inflation and Asset Trends05:44 - Regulatory Changes and Institutional Adoption08:53 - Security Risks and Custody Solutions11:52 - Market Sentiment and Long-Term Thinking14:57 - The Role of AI and Future Predictions33:15 - Navigating the Content Proliferation Challenge35:59 - The Future of Value in Digital Content40:19 - Stablecoins vs. Bitcoin: The Future of Transactions42:10 - Tether's Strategic Positioning in Global Markets48:43 - The Shift of Talent and Capital to Favorable Jurisdictions56:17 - Understanding the Economic Landscape and Future OpportunitiesIf 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/exec_sum/status/2005751198725640395?s=20https://x.com/bearlyai/status/2006474217206985085?s=20https://x.com/paoloardoino/status/2002414704753586398?s=20Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

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/contactMatt Odell: https://odell.xyz🎙️ About This EpisodeWith 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.🧠 Chapters00:00 - Christmas Greetings + Why 2025 Felt So Weird01:42 - “OGs Dumping” Bitcoin: Meme Narrative vs. Reality03:35 - Liquidity, Distribution, & Engagement Bait06:24 - Sentiment, Macro, & the “Quiet Depression” View09:42 - Institutions, ETFs, & How Market Structure Changes the Cycle12:35 - DATs / Treasury-Co Mania: Why It Took Over 202516:27 - Cultural Fragmentation + Incentives22:36 - Quantum FUD Deep Dive45:25 - Why the Next Move Will Catch People Offside48:25 - Centralization Risk, Custodians, & How a Fork Would Play Out55:28 - Why Quantum Became the “Last Remaining FUD” 59:11 - Stablecoins, Tether, & the Institutional Rails Story01:02:20 - SBR: Expectations vs. Reality + 2026 Scenarios01:06:20 - Gold’s Run, the Debasement Trade, & the Bitcoin Setup01:10:27 - 2026 Outlook: Cycle Theories & What Could Flip the Switch01:29:21 - Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

Connect with Early Riders // Connect with OnrampPresented 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 Deals12:45 - Market Signals and ETF Flows25:13 - Stablecoins and Digital Asset Integration28:19 - Noise in the Market: DATs and Cycle Theory35:26 - Reevaluating Bitcoin Cycles36:01 - The Quantum Debate37:09 - Predictions for Bitcoin's Future41:39 - Market Dynamics and Predictions53:45 - Innovative Banking Solutions for 202659:55 - The Future of Multi-Institution CustodyIf 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/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/

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/contactJeff Deist on X: https://x.com/jeffdeist🎙️ About This EpisodeWith 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.🧠 Chapters00:00 – Welcome + Jeff Deist’s Background02:17 – Discovering Austrian Economics04:38 – Libertarianism vs. Economics08:43 – Bitcoin as a Sound Money On-Ramp14:13 – Inequality, Housing, & the Under-40 Squeeze19:17 – Distorted Capital Markets & Malinvestment23:30 – What Money Is: Rates, Inflation, & Savings28:11 – Why Savings Died39:12 – Speculation Culture & “Betting on Everything”42:03 – Gold’s Breakout & “Moneyness”46:23 – Gold vs. Bitcoin51:33 – Preserving Wealth in Uncertainty56:43 – Government, Fiscal Dominance, & Tech Deflation01:04:15 – Learning as the Real Edge01:12:42 – Bitcoin Financialization & Treasury Companies01:21:38 – Outro & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets

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/contactJackson Mikalic on X --- https://x.com/macrojack21Vance Crowe on X --- https://x.com/VanceCrowe🎙️ About This EpisodeVance 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 BitcoinScarce 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.🧠 Chapters00:00 – Introduction to Vance Crowe & Legacy Interviews07:05 – How Legacy Interviews Began13:19 – The Value of Capturing Family Stories20:13 – Vance Discovers Bitcoin26:08 – Bitcoin’s Impact on Farmland & Land Values31:46 – Inflation, Mandibles & Monetary Reality36:50 – Wealth Bifurcation & Inflation Misunderstandings42:54 – Bitcoin as a Savings Technology49:52 – Adoption, Onboarding & Government Dynamics55:59 – Stablecoins, Geopolitics & Dollar Power01:00:44 – Closing Thoughts, Outro, & Disclaimer💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets