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.

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Jackson Mikalic on X --- https://x.com/macrojack21

Vance Crowe on X --- https://x.com/VanceCrowe

🎙️ About This Episode

Vance 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 Bitcoin

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 – Introduction to Vance Crowe & Legacy Interviews

07:05 – How Legacy Interviews Began

13:19 – The Value of Capturing Family Stories

20:13 – Vance Discovers Bitcoin

26:08 – Bitcoin’s Impact on Farmland & Land Values

31:46 – Inflation, Mandibles & Monetary Reality

36:50 – Wealth Bifurcation & Inflation Misunderstandings

42:54 – Bitcoin as a Savings Technology

49:52 – Adoption, Onboarding & Government Dynamics

55:59 – Stablecoins, Geopolitics & Dollar Power

01:00:44 – Closing Thoughts, Outro, & Disclaimer

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High-signal insights in bitcoin, macro, and custody.

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🎧 The Last Trade | Final Settlement | Scarce Assets

The Last Trade: Tad Smith unpacks why Bitcoin’s “disappointing” 2025 might be the perfect setup, how gold and sovereign flows are quietly rewriting the sound money playbook, and what AI, labor shocks, and Fed policy mean for younger generations staring at a broken system and a massive opportunity.

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🔸 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 Episode

With returning guest Tad Smith (former public-company CEO and NYU Stern professor), we zoom out on Bitcoin’s “underwhelming” 2025: why sentiment feels terrible at ~91K, how expectations got ahead of reality, and why he likes the current setup precisely because narrative and positioning look so weak. Tad contrasts gold’s structural central-bank bid with Bitcoin’s emerging endowment and sovereign bid, digs into Harvard vs Abu Dhabi’s BTC motives, and explains what it means when elite institutions are willing to take reputational risk just to get exposure.

From there, we walk through the Fed’s recent cuts, balance sheet “relief,” and the slow-motion regime shift heading into 2026—arguing that liquidity and policy, not a mystical four-year cycle, drive BTC. Then Tad delivers a blunt generational autopsy on debt, housing, and student loans, lays out how AI really threatens white-collar labor, and sketches the likely path to “soft UBI” through more generous existing programs. We close on optimism: why this is still the best time in history to be young and high-agency, how CEOs are actually using AI to reshape labor and productivity, and how Tad rebuilt his NYU Stern course so AI is a required superpower instead of a banned shortcut.

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.

🧠 Chapters

00:00 – Introduction, Tad’s Return & Market Overview

02:42 – Bitcoin’s 2025 Performance and “Disappointing” Sentiment

06:53 – Narratives in Non-Yielding Assets: Bitcoin vs. Gold

08:50 – Harvard, Abu Dhabi & Quiet Institutional Bitcoin Allocations

12:18 – Central Banks Buying Gold and the Emerging Sovereign/Endowment BTC Bid

21:39 – Federal Reserve Rate Cuts, Balance Sheet “Relief,” and Liquidity Shift

32:02 – The Treasury–Fed Relationship and the Myth of Full Independence

37:10 – AI’s Impact on the Labor Market and Career Paths for the Young

38:39 – Generational Accountability: Debt, Housing, and a Rigged Starting Line

42:26 – AI, Job Displacement, and the Road to “Soft UBI”

44:47 – Agency, Entrepreneurship, and Opportunity in a Changing Economy

49:56 – Education in the AI Era: Bans, Blue Books, and Missed Opportunities

01:05:25 – Inside Tad’s NYU Course: Requiring AI and Redesigning the Classroom

01:11:55 – Optimism for the Future: Bitcoin, AI, and Personal Responsibility

01:13:14 – Outro and 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