What Bitcoin Did

Latest Episodes:

Why Bitcoin’s Bull Market Isn’t Over | Rational Root Nov 06, 2025

Show notes

The Rational Root is an on-chain analyst and the creator of the Bitcoin Strategy platform.

In this episode, Root breaks down whether Bitcoin’s four-year cycle is truly over. He explains why the recent correction “broke the structure” of the bull market, why early Bitcoiners are taking profits at $100K, and how this institutional “IPO moment” could define Bitcoin’s next decade.

We discuss what the data says about long-term holder sell pressure, diminishing returns, and the lengthening of business cycles — and why Bitcoin may now be entering a phase of slower, more stable growth led by institutions and nation-states.

Root also shares why he believes Bitcoin is still massively undervalued compared to other assets, why the current distribution phase is healthy, and why patience will be rewarded for those thinking in years, not weeks.

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Don’t Lose Your Bitcoin Generational Wealth | BTC Sessions Nov 04, 2025

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Ben Perrin is the creator and host of BTC Sessions, one of Bitcoin’s longest-running educational channels.

In this episode, Ben breaks down what true Bitcoin self-custody looks like — from beginner-friendly wallets to advanced multi-sig setups — and explains how to protect your family’s Bitcoin if something happens to you. We discuss the trade-offs between wallets like BitKey, Coldcard, Trezor and Ledger, how inheritance planning really works, and why too much complexity can be your biggest risk.

We also explore what it means to live entirely on Bitcoin, how Ben helped build a thriving circular economy in Calgary, and why teaching the next generation to value freedom over convenience might be the most important inheritance of all.

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The Spiritual War for Bitcoin | American HODL, Erik Cason & Marty Bent Oct 31, 2025

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Marty Bent is the Founder of TFTC and Managing Partner at Ten31, Erik Cason is the Co-Founder of Vora, and American HODL is… American HODL.

In this Bitcoin Whitepaper Day special, marking 17 years since Satoshi published the paper that changed the world, the three reflect on Bitcoin’s wild evolution from a fringe internet experiment to a $2 trillion, geopolitically relevant asset. We discuss how Bitcoin can free society from financial decay, why the future risks sliding into either communism or fascism, and why Bitcoiners must walk the narrow middle path to preserve individual sovereignty.

We get into the Trojan horse of institutional adoption, the spiritual war at the heart of money, and what it means to build in an age of surveillance.

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Marty Bent: https://x.com/MartyBent or https://primal.net/marty

Rebuilding the World’s Financial System with Bitcoin | Obi Nwosu Oct 29, 2025

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Obi Nwosu is the CEO and co-founder of Fedi.

In this episode, Obi explains how Bitcoin can uplift billions by creating new forms of community-based finance, why privacy is the dividing line between freedom and surveillance, and how tools like Fedimint and Fedi are re-engineering what custody means for the world.

Obi also warns that if Bitcoin drifts toward convenience at the cost of freedom, it could become the surveillance system it was designed to escape. The only way to protect financial liberty is to build systems that are decentralized and private.

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Bitcoin and the End of Financial Repression | Alex Gladstein Oct 27, 2025

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Alex Gladstein is the Chief Strategy Officer at the Human Rights Foundation and author of Check Your Financial Privilege and Hidden Repression.

In this episode, Alex explains why Bitcoin is the most powerful tool for human rights in the 21st century, freedom money that protects people from surveillance, censorship, and financial control.

Alex breaks down how money evolved from an instrument of freedom to a weapon of control, how governments now use financial repression as their first tool of censorship, and why Bitcoin is the only technology capable of reversing that trend. He discusses his new essay for The Journal of Democracy, how it reframes Bitcoin as a human rights revolution rather than a financial asset, and why even stablecoins ultimately strengthen state power instead of limiting it.

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Bitcoin & The Coming Liquidity Boom | Nik Bhatia Oct 24, 2025

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Nik Bhatia is a financial researcher and the author of Layered Money and The Bitcoin Age.

In this episode, Nik explains why last week’s repo market spike was a potential warning shot that liquidity in the system is drying up. He breaks down how the Fed’s plumbing actually works, why banks are hoarding reserves instead of lending them, and what it means when the “floor and ceiling” of the system stop holding.

Nik argues that quantitative tightening is reaching its limits and that a new era of liquidity is coming, not necessarily from the Fed, but from a massive private credit boom. He lays out why this will supercharge U.S. industrial growth, fuel long-term inflation, and make Bitcoin one of the most valuable forms of collateral in the world.

We also discuss the run in the price of gold, what it could signal geopolitically, and why Bitcoin’s volatility compression might mean the end of traditional market cycles.

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Jailed by a Dictator, Fighting Back with Bitcoin | Leopoldo López Oct 22, 2025

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Leopoldo López is a Venezuelan opposition leader, former political prisoner, and founder of the World Liberty Congress, a global alliance of democracy defenders and freedom fighters.

In this episode, Leopoldo tells the story of how he went from mayor of Caracas to being hunted, imprisoned, and sentenced for “sending subliminal messages” through his speeches. He reveals what four years in solitary confinement does to the human mind, how he led a prison uprising from inside his cell, and the insane escape that finally got him out of Venezuela.

Now living in exile, Leopoldo explains how he’s using Bitcoin to fight back. Funding resistance movements, paying doctors and activists when banks are weaponised by dictators, and building a new freedom network through the World Liberty Congress.

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Bitcoin Is Rebuilding the Financial System | Andrew Hohns Oct 20, 2025

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Andrew Hohns is founder and CEO of Battery Finance and CEO of Newmarket Capital. In this episode, we get into how Bitcoin-backed credit can rebuild trust in the global financial system — and why integrating Bitcoin into institutional finance could change everything from mortgages to sovereign debt.

We explore why Bitcoin is the ideal form of collateral and how it can transform credit markets distorted by inflation and fiat mismanagement. We also get into Andrew's idea for BitBonds, and how a Bitcoin-infused U.S. Treasury bonds could revolutionise sovereign debt issuance.

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Why Bitcoin Must Win | Matt Odell Oct 17, 2025

Show notes

Matt Odell is host of Citadel Dispatch, co-host of Rabbit Hole Recap, managing partner at Ten31 and co-founder of OpenSats & Bitcoin Park. In this episode, we dive into the rise of surveillance capitalism, why freedom tech is the only path forward, and what a truly sovereign digital society could look like.

We explore how Nostr and Bitcoin together create an open foundation for speech, identity, and money. A new digital commons built on permissionless code, not corporate control.

Odell also gives his take on the wave of Bitcoin treasury companies and why some have drifted from Bitcoin’s core ethics, and why real, profitable businesses saving in Bitcoin will thrive.

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Has the Debt Spiral Started? | Luke Gromen Oct 15, 2025

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Luke Gromen is the founder of Forest for the Trees. In this episode, we discuss why the U.S. debt cycle is reaching a breaking point, how AI and geopolitics are accelerating structural change, and why we could be witnessing the endgame of the fiat era.

We get into why stablecoins may represent the next phase of the petrodollar system, the rise of financial repression, the return of inflation as a political tool, and why gold and Bitcoin are the only real safe havens this decade.

He also lays out how AI threatens the debt-based monetary system itself, why autonomous labor could cause mass unemployment, and why meaning, not money, might become society’s scarcest resource.

In this episode:

- Why the Fed has to cut rates and inflate away debt

- The new “petrodollar” built on stablecoins

- The coming wave of financial repression

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