Onramp Bitcoin Media

Latest Episodes:

The Sound Money Supercycle: Gold & Bitcoin vs. the Dollar Sep 06, 2025

Show notes

Connect with Onramp // Onramp Terminal // Jesse Kobernick on X

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 - Intro to Jesse Kobernick

05:10 - Bitcoin Treasury Companies: Promises vs Reality

23:55 - Retail Flows and Reflexivity

32:35 - Outlook and Risks for Bitcoin Equity Proxies

38:38 - Gold vs Bitcoin: A Century in One Chart

43:17 - Long Bonds, Fiscal Dominance, and the Risk-Free Myth

49:00 - Global Reserves Shift: Central Banks Buy Gold

51:57 - Self-Custody at Scale: Real Risks

01:22:11 - Multi-Institution Custody Explained

01:24:46 - ETFs and Single-Custodian Risk

01:28:44 - Market Structure and Cycle Paths

01:34:19 - Supercycle on the Table?

01:37:53 - Guardian Controls for Real-World Threats

01:49:40 - 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.

Fidelity’s Chris Kuiper: Bonds Are Broken & Bitcoin’s 4-Year Cycle Is Dead Sep 05, 2025

Show notes

Connect with Onramp // Jackson Mikalic on X // Chris Kuiper on X // Fidelity Digital Assets

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 Chris Kuiper & Onramp Institutional

05:27 - ETF era takeaways: record flows & advisor demand

11:17 - Ancient bitcoin supply selling into strength

14:12 - RIAs wake up: education & compliance hurdles

17:19 - Positioning bitcoin: non-sovereign monetary asset

23:27 - Bonds are impaired: rethinking the 60/40

29:28 - Institutional inertia: committees & career risk

37:25 - Structures over spot: custody & risk shifting

48:37 - Macro drivers: liquidity, stagflation, & expectations

55:57 - Volatility that pays: upside skew, gold baton

01:02:05 - Bitcoin’s bucket: risk-off vs risk-on; crypto baskets

01:07:14 - Outro & 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.

Altcoin Confusion, Political Tokens, and the Hard-Money Answer Sep 03, 2025

Show notes

Connect with Early Riders // Connect with Onramp

Presented 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 - Introduction and Market Overview

01:52 - Blockchain and Government Data Confusion

05:52 - The Rise of Prediction Markets

10:01 - Trump Media and Digital Assets

13:23 - Fed Policy and the Dollar's Reserve Status

19:36 - The Shift Towards Hard Assets

25:17 - The Future of Investment Strategies

32:14 - Career Risk and Market Dynamics

34:45 - The Mortgage Crisis and Real Estate Liquidity

36:15 - The Rise of ETFs and Financialization

39:41 - The Challenge of Outperforming Benchmarks

42:40 - The Importance of Small Allocations in Crypto

46:01 - The Role of Incentives in Financial Products

48:43 - CFTC's New Advisory on Offshore Exchanges

54:38 - Institutional Investors and the Crypto Dilemma

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://archive.ph/XFfSe
https://www.theblock.co/post/368295/trump-media-crypto-com-cro-token-treasury-funding
https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launchEktBp6GuTDvqhf3MZXIVFYfFFqAJd0Ov4pUL42sn7RDX-1hGRmECPS8DlqSLw%3D%3D
https://x.com/KobeissiLetter/status/1962235795622035767
https://x.com/elerianm/status/1962275798619914297
https://x.com/KobeissiLetter/status/1962532572015001630
https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138
https://www.bloomberg.com/news/articles/2025-08-25/us-etfs-eclipse-total-number-of-stocks-in-paradox-of-choice-for-investors?utm_source=substack&utm_medium=email
https://x.com/LukeGromen/status/1958522779331961319
https://cryptobriefing.com/offshore-crypto-trading-cftc-guidance/
https://x.com/LukeGromen/status/1959631878547259400
https://stanfordreview.org/uchicago-lost-money-on-crypto-then-froze-research-when-federal-funding-was-cut/

Keep up with Michael: https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

The 100-Year Reset with Luke Gromen: Gold, Bitcoin, and Fiat’s Demise Aug 29, 2025

Show notes

Connect with Onramp // Onramp Terminal // Luke Gromen on X // Luke's Research (FFTT)

00:00 – Introduction & macro setup

03:41 – Gold & bitcoin lead the cycle

07:07 – Bretton Woods III & neutral reserves

11:56 – Gold’s role in global economics

17:13 – China, Russia & the gold paradox

21:53 – Bitcoin in the macro landscape

28:08 – Luke’s bitcoin & gold journey

36:34 – Institutional blind spots & adoption

44:13 – ETFs, stablecoins & purchasing power

47:28 – Trump era policy & course corrections

55:23 – Nationalization & U.S. industry

59:48 – AI, debt & the future of labor

01:04:18 – Gold & bitcoin as the future of money

01:18:23 – Outro & 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.

Trump Nationalizes Intel, Fed Turns Dovish & Warms the Money Printer Aug 25, 2025

Show notes

Connect with Early Riders // Connect with Onramp

Presented 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 - Government Intervention in Private Sector

12:47 - Private Equity Liquidity Crisis

20:52 - Bitcoin Lightning and Traditional Finance

29:33 - The Rise of Altcoins and Market Dynamics

34:26 - The Risks of the Current Crypto Market

38:10 - Shifting Focus: Inflation and Labor Markets

42:10 - Global Adoption of Bitcoin as a Reserve Asset

44:07 - Innovations in Stablecoins and CBDCs

48:11 - The Future of Bitcoin Custody

01:00:01 - Custody Risks and Corporate Bitcoin Treasuries

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://www.reuters.com/business/media-telecom/us-examines-equity-stake-chip-makers-chips-act-cash-grants-sources-say-2025-08-20
https://truthsocial.com/@realDonaldTrump/posts/115074444617901812
https://docs.congress.hrep.online/legisdocs/basic_20/HB00421.pdf
https://bitcoin.docsend.com/view/5d9i69p3b78w7wqn
https://blockchaintechnology-news.com/news/sofi-becomes-first-us-bank-to-use-bitcoin-lightning-for-remittances
https://x.com/SpencerHakimian/status/1958906585948069890
https://x.com/KobeissiLetter/status/1959279096292053363
https://x.com/MacroScope17/status/1959628044580073818
https://x.com/AyyouEm/status/1958879078410592741
https://x.com/BoringBiz_/status/1959688259015180728
https://www.linkedin.com/feed/update/urn:li:activity:7363548191142658049/
https://www.coindesk.com/markets/2025/08/21/corporate-bitcoin-treasuries-could-raise-credit-risks-morningstar-dbrs-says
https://x.com/strack_ben/status/1958525507655335937
https://www.theblock.co/post/367914/bitcoin-og-sell-bitcoin-buy-ether

Keep up with Michael: X and LinkedIn

Keep up with Brian: X and LinkedIn

Keep up with Liam: X and LinkedIn

The Big Red Button That’s Destroying Your Future Aug 22, 2025

Show notes

Connect with Onramp // Onramp Terminal // Joe Bryan on X // What's The Problem

00:00 - Framing the Problem of Broken Money

13:13 - From TradFi to Bitcoin: Joe Bryan’s Path

23:20 - Inflation Explained: Mechanism & Fallout

34:14 - Inflation’s Toll on Families & Small Businesses

43:25 - Forced Speculation: The Fiat Burden

49:16 - Today’s Playbook: Bonds, Equities, Bitcoin

58:18 - The “Risk-Free” Mirage: Seizure & Real Returns

01:04:44 - Money’s Arc: Gold → Paper → Code

01:11:15 - Bitcoin vs. Altcoins: Fixed Rules vs. Red Buttons

01:16:52 - Outro & 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.

Trust Experts Reveal the Strategy to Protect Your Bitcoin Fortune Aug 20, 2025

Show notes

Connect with Onramp // Jackson Mikalic on X // First Covenant Trust & Advisors

Onramp Bitcoin Dynasty Trusts

Download deep dive report from Onramp

00:00 – Onramp Bitcoin Dynasty Trusts

03:53 – First Covenant & David Greene’s Background

08:26 – Why Estate Planning Matters for Bitcoin

12:41 – Bitcoin as the “Acorn” Asset

17:41 – Trust Structures & Directed Trusts

25:21 – Multi-Institution Custody (MIC)

32:31 – Trusts as Protocols

38:56 – Setting Up a South Dakota Trust

44:46 – Costs & Accessibility

49:36 – Gifting, Sales & Borrowing Against BTC

57:26 – Implementation & Closing Thoughts

01:02:47 – Outro & 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.

Bitcoin Eats All Markets: IPO Hype, Treasury Grifts & Buffett Lessons Aug 18, 2025

Show notes

Connect with Early Riders // Connect with Onramp

Presented 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 - Introduction and Market Overview

05:27 - Trends of Digital Asset Company IPOs

09:57 - Mining Hardware Innovations

15:32 - AI and Bitcoin Mining Synergies

18:13 - Challenges Facing Crypto Exchanges

26:02 - Long-Term Perspectives on Bitcoin Investment

32:54 - Timeless Wisdom from Value Investing

37:47 - Competitive Forces in Bitcoin vs. Altcoins

41:39 - Value and Quality Assets

44:25 - Institutional Adoption of Bitcoin

48:10 - Custody and Risk Management in Bitcoin Investment

50:46 - Monetary Policy and Bitcoin's Role

52:46 - Regulatory Challenges Facing Bitcoin

56:51 - The Future of AI and Bitcoin Mining

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:
https://www.sec.gov/Archives/edgar/data/1872195/000110465925069070/tm2421409-15_f1.htm
https://proto.xyz/blog/posts/proto-rig-and-proto-fleet-a-paradigm-shift
https://x.com/Tradermayne/status/1956543965064548592
https://www.ledgerinsights.com/bis-proposes-grading-wallets-for-permissionless-blockchain-aml/
https://blog.bitmex.com/treasury-company-advisory-agreements/
https://finance.yahoo.com/news/ai-arms-race-heats-startups-230146272.html
https://x.com/MartyBent/status/1957108340137627648
https://x.com/LukeGromen/status/1957093601818694000

Keep up with Michael: X and LinkedIn

Keep up with Brian: X and LinkedIn

Keep up with Liam: X and LinkedIn

$150 Billion Later: The Truth About Bitcoin ETFs and Who’s Buying Aug 15, 2025

Show notes

Connect with Onramp // Onramp Terminal // James Seyffart on X

00:00 – Introduction to James Seyffart of Bloomberg

04:23 – Background & Path to Covering Bitcoin

11:19 – Inside Bloomberg’s Crypto Coverage

15:26 – Spot Bitcoin ETF Launch & Record-Breaking Success

21:01 – Why TradFi Still Struggles with Bitcoin

28:09 – BlackRock’s Pivotal Role

34:44 – Sound Money Renaissance: Bitcoin & Gold

42:43 – Macro Context: Debt, Inflation & Asset Valuations

51:48 – Custody Concentration & Coinbase Risks

56:53 – Digital Asset Treasury Companies (DATs)

1:03:41 – 13F Filings & Institutional Ownership Trends

1:11:51 – Vanguard’s Anti-Bitcoin Stance

1:16:38 – Looking Ahead: Flows, Custody, and Market Integration

1:20:45 – Closing Thoughts, Outro and Disclaimers

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Bitcoin & Gold Are Money, Everything Else is Credit Aug 11, 2025

Show notes

Connect with Early Riders // Connect with Onramp

Presented 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 - Introduction and Market Overview

02:44 - Harvard's Endowment and Bitcoin Investment

05:51 - The Sound Money Narrative: Bitcoin and Gold

08:50 - Institutional Adoption and Career Risk

11:33 - The Future of Asset Allocation

14:43 - Tether and Reserve Assets

17:57 - Tariffs on Gold and Market Reactions

20:28 - Digitization of Gold and Commodities Trading

27:32 - The Impact of Leadership Changes in Crypto Policy

29:31 - National Security and Economic Growth through Bitcoin

32:45 - The Role of Private Sector in Bitcoin Adoption

35:32 - Bitcoin Treasury Strategies and Market Dynamics