Episodios

  • The Great Repricing: Gold, Bitcoin, and the End of Easy Money

    The Great Repricing: Gold, Bitcoin, and the End of Easy Money
    Jul 23 2025

    Connect with Onramp // Jackson Mikalic on X // Josh Phair on LinkedIn


    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.


    00:00 - Intro to Josh Phair, CEO of Scottsdale Mint

    09:18 - Josh's Journey in Precious Metals

    19:40 - The Current State of Gold and Bitcoin

    21:52 - Revaluation of Gold and Strategic Advantages

    31:41 - The Future of Stablecoins and Digital Assets

    37:05 - The Control of Capital in Financial Systems

    40:13 - Historical Context of Monetary Systems

    42:49 - Gold and Bitcoin: The Future of Hard Assets

    52:01 - Jurisdictional Risks and Asset Security

    58:45 - The Evolution of Investment Strategies

    01:03:48 - The Future of State-Level Financial Systems

    01:11:14 - Outro and Disclaimer


    Please 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 h y 12 m
  • Animal Spirits, A Very Stable GENIUS, & Mispriced Execution Risk: Why Bitcoin Wins

    Animal Spirits, A Very Stable GENIUS, & Mispriced Execution Risk: Why Bitcoin Wins
    Jul 21 2025
    Connect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media...Final Settlement is a weekly podcast covering bitcoin applications, protocol development, broader capital markets and early-stage venture.00:00 - Introduction and Current Events in Crypto02:56 - Regulatory Developments and Their Impact05:50 - Stablecoins and The Shift in Market Structure08:49 - The Role of Banks in the Crypto Ecosystem11:46 - Disintermediation and the Future of Banking14:54 - Insurance and Security in Crypto Assets18:02 - The Rise of Custodians and Market Dynamics20:42 - Public Market Interest in Crypto Firms23:41 - Future Trends and Predictions in Crypto36:21 - The Rise of Crypto Custody and Public Awareness37:25 - Market Dynamics: Bitcoin's Role and Institutional Interest39:12 - Navigating Risks in Digital Asset Management40:10 - The Future of Financial Services: Bitcoin as a Hurdle Rate43:45 - Conflation of Crypto Assets and Regulatory Impacts45:56 - Investment Strategies: Smart Money vs. Speculation50:37 - Yield Generation: Risks and Opportunities in Bitcoin Investments55:28 - Emerging Trends: Bitcoin Treasury Companies and Market Structure01:00:18 - Innovative Banking Solutions for the Digital Age01:05:17 - The Importance of Multi-Institutional Control in CryptoIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weeklyLinks discussed:https://www.newsweek.com/donald-trump-changing-401-k-what-know-2100628https://www.businesswire.com/news/home/20250715691388/en/MARA-Leads-%2420-Million-Investment-in-Two-Prime-to-Advance-Institutional-Bitcoin-Yield-Strategies-and-Expands-SMA-to-2000-BTChttps://www.youtube.com/watch?v=OWhrlHO_1Vchttps://www.coindesk.com/business/2025/07/15/function-raises-10m-to-bring-yield-to-bitcoin-gets-backing-from-galaxy-digital-antalpha-and-mantlehttps://www.bloomberg.com/news/articles/2025-07-18/crypto-market-cap-tops-4-trillion-as-us-stablecoin-bill-passes?cmpid=071825_marketsdaily&utm_medium=email&utm_source=newsletter&utm_term=250718&utm_campaign=marketsdailyhttps://fortune.com/2025/07/16/jpmorgan-chase-fees-fintechs-plaid-finicity-crypto-wall-street-citigroup-bank-of-america-wells-fargo/https://x.com/MTanguma/status/1946636253249851478Keep up with Michael: X and LinkedIn Keep up with Brian: X and LinkedIn Keep up with Liam: X and LinkedIn
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    1 h y 13 m
  • Path to $1M Bitcoin with Vijay: The Bullish Case Revisited

    Path to $1M Bitcoin with Vijay: The Bullish Case Revisited
    Jul 18 2025

    Connect with Onramp // Onramp Terminal // Vijay Boyapati on X // The Bullish Case for Bitcoin


    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.


    00:00 - Introduction to Vijay Boyapati

    03:32 - Revisiting the Bullish Case for Bitcoin

    04:22 - Understanding the Gartner Hype Cycle

    07:13 - Nation State Adoption of Bitcoin

    10:33 - Political Capture and Bitcoin's Future

    14:12 - Institutional Interest and Bitcoin ETFs

    18:22 - Market Structure Changes and Future Cycles

    27:59 - Bitcoin Treasury Companies and Market Bubbles

    36:43 - The Importance of Risk Management

    40:16 - Concerns Over Asset Accumulation in ETFs

    43:38 - Understanding Bitcoin's Adoption Curve

    47:04 - The Macro Environment's Impact on Bitcoin

    51:04 - Bitcoin as a De Facto Savings Account

    54:25 - The Future of Stablecoins and Bitcoin

    58:29 - The Evolving Risk Profile of Bitcoin

    01:04:18 - Quantum Computing Considerations

    01:05:52 - Outro and Disclaimer


    Please 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 h y 6 m
  • Liquidity Begets Liquidity: $123K Bitcoin and the Incoming Supply Shock

    Liquidity Begets Liquidity: $123K Bitcoin and the Incoming Supply Shock
    Jul 14 2025
    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 - Bitcoin's All-Time Highs and Market Dynamics14:53 - The Role of ETFs and Retail Interest in Bitcoin21:52 - Venture Capital and Strategic Capital Allocation29:47 - Counterparty Risks and Market Stability31:38 - The Gambling Nature of Crypto Markets33:43 - Market Structure and Bitcoin Dominance36:01 - Retail vs. Institutional Demand in Crypto40:12 - Privacy and Decentralization in the Age of AI44:41 - Wages, Inflation, and Bitcoin Accumulation47:44 - The Evolution of Bitcoin Mining52:35 - Convergence of AI and Bitcoin57:57 - Historical Perspectives on Capital and ControlIf 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/MTanguma/status/1944718183509664170https://x.com/matthew_pines/status/1944465838448525806https://x.com/anilsaidso/status/1943662915745350084https://www.theblock.co/post/362357/next-crypto-ipos-vcs?utm_source=twitter&utm_medium=socialhttps://x.com/EricBalchunas/status/1943664470032576876https://thedefiant.io/news/markets/pump-fun-raises-500-million-minutes-pump-token-sale-fc226b29https://www.nbcboston.com/news/business/money-report/trump-certainly-can-fire-fed-chair-powell-if-theres-cause-hassett/3765586/https://blockworks.co/news/coreweave-pending-buy-aihttps://www.nbcboston.com/news/business/money-report/trump-certainly-can-fire-fed-chair-powell-if-theres-cause-hassett/3765586/Keep up with Michael: X and LinkedInKeep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn
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    1 h y 4 m
  • Michael Saylor: The $100 Trillion Idea, Bitcoin is Digital Capital

    Michael Saylor: The $100 Trillion Idea, Bitcoin is Digital Capital
    Jul 11 2025

    From the Onramp Media archives: Michael Saylor on bitcoin as digital capital, the $100 trillion idea reshaping markets, and why bitcoin sets the true hurdle rate for capital allocation. Originally recorded in October 2024.


    00:00 – Viral Adoption & Exponential Growth

    02:25 – Bitcoin as Digital Capital

    04:30 – 24/7 Global Markets & Capital Efficiency

    11:30 – Bitcoin as the True Hurdle Rate

    16:15 – Institutional Yield & Counterparty Risk

    25:25 – Strategic Leverage & Capital Allocation

    29:55 – The Three Planks of Institutional Adoption

    34:30 – Custody, Competition & Market Dynamics

    43:50 – BTC Yield as a Corporate KPI

    50:55 – Operating Companies vs. Trusts & ETFs

    53:20 – There Is No Second Best

    58:05 – Focus, Execution & the Bitcoin Era


    Please 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 h y 11 m
  • The Strategic Bitcoin Reserve Playbook: Inside BPI’s Toolkit for Sovereign Adoption

    The Strategic Bitcoin Reserve Playbook: Inside BPI’s Toolkit for Sovereign Adoption
    Jul 9 2025

    Connect with Onramp // Onramp Terminal // Bitcoin Policy Institute // Zack Shapiro on X // Zack Cohen on X // State-Level SBR Toolkit


    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.


    00:00:00 – Intro + Why This Episode Matters

    00:02:42 – BPI’s Strategic Reserve Toolkit: Origin Story

    00:05:05 – Toolkit Design Philosophy: Modular, Open Source, Comprehensive

    00:07:05 – Why States (Not Just Feds) Should Lead

    00:09:14 – Execution Challenges: Buying, Custody, and Governance

    00:16:15 – The Case for Multi-Institution Custody

    00:19:05 – Custody Standards, QCs, and Onramp’s Role

    00:25:30 – How States Can Actually Buy Bitcoin

    00:29:15 – Funding Sources: Taxes, Pensions, Bit Bonds

    00:35:15 – Toolkit as an Educational Resource

    00:54:15 – Bitcoin Opportunity Zones & Energy Development

    00:57:45 – Property Rights & Custody Protections

    01:01:45 – Why Self-Custody Is Non-Negotiable

    01:05:45 – Toolkit Implementation & State-Level Game Theory

    01:10:15 – Federal Landscape: Clarity Act, Bitcoin Act, Executive Path

    01:14:15 – Macro Backdrop: Debt Spiral & Fiscal Dominance

    01:21:37 – Outro + Where to Find the Toolkit


    Please 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 h y 24 m
  • Fiat Is Hopeless: Musk’s America Party Makes Its Bitcoin Pitch

    Fiat Is Hopeless: Musk’s America Party Makes Its Bitcoin Pitch
    Jul 7 2025
    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 - Elon Musk's America Party and Bitcoin06:49 - The Future of AI and Capital Flow11:35 - Disruption in Technology: Uber vs. Airbnb16:18 - Stable Coins and International Remittance22:29 - JP Morgan's Outlook on Bitcoin and Gold29:51 - The Future of Hard Assets: Bitcoin and Gold34:22 - Revolutionizing Company Building with AI36:11 - AI Adoption in the Workforce: A Slow Transition38:20 - The Cognitive Impact of AI on Human Thinking41:32 - Balancing AI and Human Creativity48:24 - California's Startup Landscape: Trends and Insights50:26 - The Rise of Crypto-Focused BankingIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.ben-evans.com/presentationshttps://techcrunch.com/2025/06/26/this-ai-powered-startup-studio-plans-to-launch-100000-companies-a-year-really/https://www.craincurrency.com/family-office-management/family-offices-quietly-using-venture-studios-build-companieshttps://news.crunchbase.com/venture/california-startup-funding-share-rising-unicorns-openai-spacex/?utm_source=Iterable&utm_medium=email&utm_campaign=newsletter-20250703https://finance.yahoo.com/news/tech-billionaires-led-palmer-luckey-124008946.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIGaZKOVKtrpqCRAE8epUWbgt2Y3NclOOU5no8ADjupJu2O2DFHH6pnOkv9Qz5BvSo_zqE3s3lfLBvX391N4y01VySicBK594A4CsjzSFUMZq3lpuOVHsbGlTAyHzRAVhEe_6Ova_Fw6AwwRfqPC404rPlpKHZLA_Og5PkpxJXc7https://x.com/stable/status/1940048398595547289?s=46&t=PV2x02cG_nl7mRDNaKNUMAhttps://x.com/BitcoinNewsCom/status/1939987595020140708https://www.privatebank.citibank.com/insights/managing-risk-amid-geopolitical-tensionhttps://privatebank.jpmorgan.com/content/dam/jpm-pb-aem/global/en/documents/insights/outlook/2025-Mid-Year-Outlook-Comfortably-Uncomfortable.pdf?page=27https://www.gallup.com/workplace/691643/work-nearly-doubled-two-years.aspxhttps://seekingalpha.com/news/4464052-elon-musks-xai-raises-5b-each-in-new-debt-and-equity-morgan-stanleyKeep up with Michael: X and LinkedInKeep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn
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    59 m
  • Former Blackstone Partner: ALL-IN on Bitcoin's Monetary Revolution

    Former Blackstone Partner: ALL-IN on Bitcoin's Monetary Revolution
    Jul 4 2025

    Connect with Onramp // Onramp Terminal // David Thayer


    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.


    00:00 - Welcoming Back David Thayer

    09:30 - Bitcoin ETF and Institutional Adoption

    17:15 - Portfolio Allocation and Wealth Transfer

    24:14 - Market Dynamics and Economic Indicators

    29:13 - Concentration in Equity Markets

    34:30 - Liquidity and Monetary Policy Effects

    42:12 - Taxation and Economic Implications

    45:08 - Robinhood and Tokenization of Assets

    49:56 - Bitcoin as a Store of Value

    54:39 - The Future of Bitcoin Treasuries

    01:13:48 - Independence Day Reflections and Bitcoin's Role

    01:20:08 - Outro and Disclaimer


    Please 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 h y 21 m