Two great podcasts for navigating the path forward. Must listens 👇

Asking the Right Questions in a Changing World

Stablecoins, industrial policy, and the danger of using yesterday’s playbook

With recent rumors of a major bullion bank/metals player under stress, and this week’s Bitcoin waterfall moment hinting a crypto fund or exchange was liquidated; it felt like the right time to revisit of an old piece on the behavior of a crisis moment.

Repost: Time, Money, and People Change. Liquidity Crises Don't.

With rumors swirling of a bullion dealer and major crypto entity in trouble due to leverage, a timely revisit of the past is necessary. Originally ...

The human urge is to corral collateral and then print. We saw it with gold We saw it with oil We see it with Treasuries We’re seeing it with Bitcoin, but we’ll call it Digital Credit for the sake of making it feel different. A new generation of gold bugs is born.

How to Make a Bitcoin 𝖳̶𝗋̶𝖾̶𝖺̶𝗌̶𝗎̶𝗋̶𝗒̶ Mint: Print Equity

How Wall Street Turned Scarcity into Credit Again

The tariff comments seem to be misplaced. It’s not about Tariffs. They are secondary to the important point. It’s about access. China has effectively threatened to do what the US did when cutting Russia off from SWIFT. Except there are other ways to make money transfers and there aren’t many other ways to ship goods. The power is in the supply chains, as I noted in 2021 when kicking off my SubStack:

Current Personal Thesis and Reflections

Our choices are dollars or not dollars...

Enjoyed sitting down with @Pierre Rochard for EP64 to explore the rise of Bitcoin-backed notes. We discuss what happens when Bitcoin becomes collateral, SPVs, private credit, and why declining volatility helps set the stage for a true Bitcoin yield curve. 🔗 🎧 to listen👇 Apple Podcasts:

Apple Podcasts

Navigating Bitcoin

Investing Podcast · Updated Daily · Navigating Bitcoin

YouTube:

In 1913, bankers promised “decentralization.” What we got was the Fed and the death of gold as sound money. Today, Bitcoin faces the same ghost in Core vs. Knots. First principles are non-negotiable. New essay 👉Bitcoin Faces Its 1913 Moment.

Bitcoin Faces Its 1913 Moment

Is the Core vs. Knots battle a replay of two ideological Federal Reserve Plans that ultimately centralized gold, the original sound money?

The Yuan peg and allowance of floating gold prices through a global network of exchanges is the 4D chess move. It allows for control of global liquidity without facing Triffin’s Dilemma. Options: checkmate or come to the bargaining table.

The Network Wars Are Here… Railroads won the Civil War. The cloud and the arrival of Monetary Tech Stacks will decide the next one. History has proven, the empire that controls noise will control the future. Network Power: How Networks Build Empires, Break Nations, and Shape Order 👉

Network Power: How Networks Build Empires, Break Nations, and Shape Order

Noise, Narratives, and the Battle for Global Influence

Last week, the White House cited @Matthew Pines & @Bitcoin Policy Institute / @Bitcoin Policy Institute / @btcpolicyorg (RSS Feed). 🎙️ I enjoyed chatting with Matthew shortly after on: ⚔️ The battle for global monetary power 💥 Bitcoin/Stablecoins - America’s new Monetary Tech Stack 🕸️ Narrative warfare 🎙️

Apple Podcasts

Navigating Bitcoin

Investing Podcast · Updated Daily · Navigating Bitcoin

📺

Fiat-🧠 & high time preference are back in play. The Bitcoin Treasury 🫧: ✅Equity-funded BTC flywheels. 🏁Securitized hype. 💸mNAV mania. BTC is sound money. BTC-TCs are a risk wrapper, a speculative attack. The Bitcoin Treasury Bubble: Reflexivity, Metrics, & the Coming Unwind 👇 Read + Download: 🔗

The Bitcoin Treasury Bubble: Reflexivity, Metrics, and the Unwind

How valuation distortions, metrics, and Wall Street engineering built a new kind of speculative bubble on top of sound money.

🚨 unpopular opinion 🚨 We are still early in Bitcoin not bc of the technological innovation around currency. But more bc of the low levels of credit relative to the underlying collateral asset. The early shift to credit & lending in bitcoin is what is in the early innings.

I missed this one, but the entire idea of The 4th Turning cycle is laid out in Isaiah 23:15-18.

Tariffs are back in the headlines. There are loud opinions on both sides. While not a silver bullet, they shaped America’s when used wisely and hurt when used poorly. There are two sides to every coin: the truth usually lies in the middle. Substack: Tariffs Built America - Can They Save it? 🔗 👇

Tariffs Built America—Can They Save It?

Hamilton and McKinley used tariffs to build a productive America, not crash it.

I enjoyed talking Bitcoin and liquidity with Matthew Mežinskis. In this episode, we dig into: 📈Power law vs. exponential growth ⏳Why time is Bitcoin’s biggest edge 🪙How Bitcoin could solve what SDRs couldn’t 📺: 🎙️:

Apple Podcasts

Navigating Bitcoin

Investing Podcast · Updated Daily · Navigating Bitcoin

If Amazon and JP Morgan had a baby it would look like Coinbase. Core infrastructure being rebuilt in real time. 🧡Bitcoin = TCP/IP 🪙COIN = AMZN + JPM 🚆Stables/USDT/CRCL = JSON

The #Bitcoin Conference was good as usual, but different this year. Welcome to The Monetary Tech Stack. Notes and takeaways 👇

Debt, Leverage and Fiat Come to Bitcoin

Bitcoin 2025 Conference Takeaways

Enjoyed chatting #Bitcoin and financial warfare with @Nik Bhatia / @TheBitcoinLayer

X (formerly Twitter)

BitKane (@kanemcgukin) on X

Great time chatting about Bitcoin, Eurodollars and financial warfare with @timevalueofbtc / @TheBitcoinLayer

🎙️EP 60 of Navigating Bitcoin’s Noise What if the price of Bitcoin didn’t come from an exchange? I sit down with Simple Steve - the artist of Bitcoin information - to discuss the true free market price of Bitcoin in graphical form, straight from the node. 📺: 🎙️:

Apple Podcasts

Navigating Bitcoin

Investing Podcast · Updated Daily · Navigating Bitcoin

Chart prices set the table for narratives and stories to be sold to market participants. Humans are wired for storytelling. It’s in our nature and why markets have worked this way for thousands of years. The Art of The Sale is inseparable from The Art of The Story.

Fiat: “What’s the key lesson about money?” Bitcoin: “It’s tough to shift beliefs when people don’t question how it works.”