In this deeply personal episode, Sahil Bloom joins Ryan Sean Adams to explore what it truly means to be wealthy and why so many high achievers get it wrong. After hitting burnout, Ryan stepped away from the grind to reassess his definition of success. What he found was a framework that reframed his entire life: the Five Types of Wealth.

Together, they unpack why net worth alone is a poor scoreboard, how to avoid the trap of “never enough,” and what it means to build time, social, mental, physical, and financial wealth in harmony. This conversation is both a blueprint and a reboot, for anyone chasing more, and wondering why it still doesn’t feel like enough.

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------
TIMESTAMPS

0:00 Intro
3:22 Measuring Wealth
6:10 Beyond Net Worth
13:29 Burnout Moment
15:47 The Cost of Misaligned Effort
25:47 The Five Types of Wealth
27:47 Wealth Isn’t Swappable
34:05 Freedom Starts With Defining “Enough”
43:09 The “Enough” Excuse
47:31 Why We Feel Time-Starved
50:09 Digital Distractions and Overcommitment
55:46 The Two-List Exercise
57:38 The Morning ‘Boot Up’ Sequence
1:03:30 Reinvesting in Your Closest People
1:10:19 Too Busy to Connect
1:12:23 The Mental Wealth
1:14:11 The Life Razor
1:18:26 The Physical Wealth
1:24:40 Staying on Plan
1:25:56 Grounded Success
1:27:56 High Agency People
1:29:03 Closing

------
RESOURCES

Sahil
https://x.com/SahilBloom

Sahil’s Blog
https://sahilbloom.substack.com/

The 5 Types of Wealth
https://www.the5typesofwealth.com/

RSA Reboot
https://x.com/RyanSAdams/status/1915115437505049055

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

This week, Ryan and David unpack Circle’s stunning IPO debut, soaring to a $25B market cap and triggering Wall Street’s stablecoin frenzy. They break down the landmark Genius Act vote, bringing unprecedented regulatory clarity to stablecoins, and dive into Stripe’s latest crypto bet, acquiring wallet innovator Privy. Polymarket goes mainstream in an official integration with Twitter, while SEC Chair Paul Atkins embraces DeFi as fundamentally American. Plus, Gemini quietly files for IPO, Plasma’s billion-dollar Tether chain ignites, and Trump unexpectedly endorses crypto at Coinbase.

------
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🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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------
TIMESTAMPS & RESOURCES

0:00 Intro

3:59 Markets
https://x.com/KobeissiLetter/status/1932526577897595233
https://x.com/rovercrc/status/1930951805191778369
https://x.com/hosseeb/status/1931457548760334723
https://x.com/elonmusk/status/1932695486684950962
https://x.com/DavidShapiro98/status/1932696393937785058
https://x.com/blknoiz06/status/1932072994731647435
https://x.com/nypost/status/1933109968510550430

15:02 US Senate is about to pass the GENIUS Act
https://x.com/Cointelegraph/status/1932988965037978084
https://x.com/intangiblecoins/status/1932868994165354703
https://x.com/SenatorBennet/status/1932864987208249597
https://x.com/SenWarren/status/1932858887482507604
https://www.banking.senate.gov/imo/media/doc/20250611_warren_blumenthal_letter_to_meta_re_stablecoin.pdf
https://x.com/RyanSAdams/status/1932877097623588922

27:35 Did Circle kickoff Stablecoin Summer?
https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL
https://x.com/MikeIppolito_/status/1932070226939810164
https://x.com/TaikiMaeda2/status/1929538665560031641
https://x.com/RyanSAdams/status/1932424510738673711
https://x.com/PlasmaFDN/status/1932072359080415702
https://www.barrons.com/articles/circle-ipo-crypto-retail-frenzy-06659b30?
https://x.com/perkinscr97/status/1931032964349276313

39:54 Stripe acquired Privy
https://x.com/privy_io/status/1932816495719166167
https://x.com/patrickc/status/1932817864450584939

42:41 Polymarket became official prediction market of X!
https://x.com/xai/status/1932481207180406923
https://x.com/shayne_coplan/status/1931008087688614155

44:50 Morpho Labs will be soon fully owned by MORPHO token holders
https://x.com/PaulFrambot/status/1930971485142761909
https://youtu.be/IJN_pgkKPjA?si=963i8GioANnNoVAR
https://x.com/MorphoLabs/status/1933162070465208423

49:17 Paul Atkins defended DEFI as the foundation American values
https://x.com/SECGov/status/1932137708068970924
https://x.com/SECGov/status/1932137708068970924

53:15 World Liberty Financial will acquire TRUMP for its treasury
https://x.com/EricTrump/status/1931089248926490772
https://x.com/coinbase/status/1932836009034617183

54:38 Closing & Disclaimers

55:13 Moment of Zen
https://x.com/BitcoinMagazine/status/1933172630099837134

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Etherealize is back with a bold new thesis: ETH is digital oil. In this episode, Vivek and Danny Ryan unpack their freshly released report, The Bull Case for ETH, which positions ether as the next great store of value—and a future global reserve asset for the digital economy.

We explore ETH’s misunderstood monetary design, its strategic role for institutions, and why Wall Street is waking up to Ethereum not just as a network, but as an investable asset. This is the case for ETH as the asymmetric opportunity of this generation.

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🌐SELF | PROVE YOUR SELF
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------
TIMESTAMPS

0:00 Intro
0:52 The Bull Case for ETH
3:18 Why ETH?
6:35 Pitching to Wall Street
10:59 ETH is Digital Oil
21:29 ETH’s Monetary Policy
37:37 Why Hold ETH?
43:42 ETH/BTC Ratio
47:20 ETH is a Store of Value
53:55 Ethereum’s Scaling Path
1:03:08 Ethereum’s Renaissance
1:07:06 Ethereum Competitors
1:10:14 The Report
1:12:29 Vivek in Congress
1:13:33 Closing & Disclaimers

------
RESOURCES

The Bull Case for ETH Report
http://ethdigitaloil.com/

VIvek Raman
https://x.com/VivekVentures

Danny Ryan
https://x.com/dannyryan

Etherealize
https://x.com/Etherealize_io

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Crypto markets are buzzing and institutional appetite is peaking. With Circle’s IPO wildly oversubscribed and a new wave of companies racing to go public, we unpack what this means for the industry.

Jon and Bread join us to break down the hype around crypto IPOs, why TradFi wants stablecoin exposure, and what it signals for projects like Solana, Ethereum, and Hyperliquid. We also debate value accrual, ETH vs BTC narratives, and whether apps or platforms will dominate the next phase of crypto. This is the IPO Era of crypto—let's dissect the winners and the delusions.

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🌐SELF | PROVE YOUR SELF
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🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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------
TIMESTAMPS & RESOURCES

0:00 Intro

0:32 Vibe Check
https://x.com/intern/status/1932238240880222270
https://x.com/blknoiz06/status/1932072994731647435

10:13 Crypto’s IPO Era
https://www.tradingview.com/chart/?symbol=NYSE%3ACRCL
https://x.com/HadickM/status/1931323504525279522

18:11 Ethereum Valuation Debate
https://x.com/DeeZe/status/1932475461348835800

29:29 Hype vs SOL vs PUMP
https://www.tradingview.com/chart/?symbol=KUCOIN%3AHYPEUSDT

40:44 Hyperliquid vs Centralized Exchanges
https://dune.com/uwusanauwu/perps

50:35 PumpFun’s Token Sale

58:16 Closing & Disclaimers

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Jon Charbonneau and Ryan Berckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken?

We unpack whether Ethereum can rival Bitcoin as a store of value, if L2s will drive real value back to ETH, and whether Solana’s momentum signals deeper trouble for Ethereum. Jon argues ETH has lost its lead and may never reclaim it. Ryan contends Ethereum’s neutrality and institutional traction make it the inevitable hub for the onchain economy.

This is the definitive conversation on where ETH stands—and where it’s heading.

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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

------
TIMESTAMPS

0:00 Intro
0:32 Is ETH special?
32:55 How ETH should be valued
51:42 ETH over or undervalued?
1:09:59 Being wrong on ETH
1:13:00 Closing & Disclaimers

------
RESOURCES

Ryan Berckmans
https://x.com/ryanberckmans

Jon Charbonneau
https://x.com/jon_charb

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Joe Lubin returns to Bankless to break down his latest bold move—launching SBET, a publicly traded vehicle designed to accumulate and deploy Ether as a strategic treasury asset.

We unpack whether Lubin is stepping into the Michael Saylor role for Ethereum, how SBET might outperform Bitcoin-backed models, and why ETH is poised for a monetary renaissance. From regulatory wins to Ethereum’s evolving narrative on Wall Street, this episode explores how ETH can become a multi-trillion-dollar asset and a dominant store of value in the next economic supercycle.

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🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

------
TIMESTAMPS

0:00 Intro
0:38 Getting Sued by The SEC
7:55 $SBET
16:32 The Michael Saylor of ETH
23:25 $SBET (ETH) vs $MSTR (BTC)
27:16 Valuing ETH
28:30 Wall Street Narratives
30:52 ETH’s Performance
36:53 ETH as Collateral
40:07 Onboarding Others
46:52 ETH as SoV
49:18 What ETH Needs
50:52 Joining Forces
53:08 ETH’s Sentiment Shift
56:53 Genius Act
58:44 Closing & Disclaimers

------
RESOURCES

Joe Lubin
https://x.com/ethereumJoseph

SharpLink Gaming ($SBET)
https://www.sharplink.com/

Consensys
https://consensys.io/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

This week, Ryan and David unpack Circle’s explosive $20B IPO—crypto’s second biggest—and what it signals about Wall Street’s newfound love for stablecoins. They break down the confusing Trump wallet drama, where even Trump’s own sons deny involvement, and explore why Pump.fun’s rumored $4B token raise has the industry split. Ethereum enters “wartime mode” as the Foundation lays off staff and spins up a lean new R&D force called Protocol. Plus, Ray Dalio says “a bit of Bitcoin,” Trump’s Big Beautiful Bill adds $2.4T to the deficit, and SBF is headed to Netflix.

------
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

------
TIMESTAMPS & RESOURCES

0:00 Intro

0:41 Circle IPO
https://x.com/circle/status/1930624298760143333
https://www.theblock.co/post/356602/circle-seeks-7-2-billion-valuation-in-upsized-ipo
https://x.com/ruiixyz/status/1930386144216396176
https://x.com/EconomyApp/status/1930657679418241238
https://x.com/jerallaire/status/1930595978215637360
https://x.com/EffortCapital/status/1930621939279679542

9:34 Markets

12:23 Trump BBB
https://x.com/alifarhat79/status/1930265604105150647
https://x.com/alifarhat79/status/1930256218108383338
https://x.com/elonmusk/status/1930452348234805665
https://x.com/WatcherGuru/status/1930659468536144062
https://www.congress.gov/bill/119th-congress/house-bill/1/text
https://x.com/elonmusk/status/1929954109689606359
https://x.com/RyanSAdams/status/1929993372586152364

23:53 Pump.fun is getting ready for a token
https://blockworks.co/news/pumpdotfun-token-sale
https://x.com/nextfckingthing/status/1929871539018576257
https://dune.com/tiagocryptonary/pump-fun-analytics
https://x.com/lmrankhan/status/1928163796691845133
https://x.com/VannaCharmer/status/1930318687333986639

32:00 Ethereum Foundation announced another big change!
https://x.com/TimBeiko/status/1929620145984753843
https://x.com/econoar/status/1930361688047661495
https://blog.ethereum.org/2025/06/04/ef-treasury-policy
https://x.com/centauridoteth/status/1929896351447372191
https://x.com/ViktorBunin/status/1929945974316662804

44:43 Strategy found a new way how to raise more money for Bitcoin
https://x.com/saylor/status/1929635975367475403
https://x.com/DylanLeClair_/status/1929661889963086170

49:01 Trump team launched a crypto wallet - or did they?
https://x.com/BitcoinMagazine/status/1929943367892283828
https://x.com/EricTrump/status/1929966635445576103
https://x.com/0xLeoInRio/status/1929955682037731340
https://x.com/molly0xFFF/status/1930351820288741708
https://x.com/Ronxyz00/status/1929884476328276036
https://x.com/EricBalchunas/status/1930015280094429381

57:50 SBF is heading to Netflix!
https://x.com/netflix/status/1928153876475097117

1:00:26 Bankless is looking for talent!
https://x.com/i/jobs/1929890683927638133
https://x.com/i/jobs/1929889475783520481

1:01:38 Closing & Disclaimer

1:02:01 Moment of Zen
https://x.com/l3olanza/status/1930320045139173881

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Two visions for the future of AI clash in this debate between Daniel Kokotajlo and Arvind Narayanan.

Is AI a revolutionary new species destined for runaway superintelligence, or just another step in humanity’s technological evolution—like electricity or the internet?

Daniel, a former OpenAI researcher and author of AI 2027, argues for a fast-approaching intelligence explosion. Arvind, a Princeton professor and co-author of AI Snake Oil, contends that AI is powerful but ultimately controllable and slow to reshape society. Moderated by Ryan and David, this conversation dives into the crux of capability vs. power, economic transformation, and the future of democratic agency in an AI-driven world.

------
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🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
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------
TIMESTAMPS

0:00 Intro
4:44 Is AI Normal Tech?
30:20 Capability & Power
44:52 Manageable or Existential?
52:36 AGI Milestone
1:00:31 AI by 2030
1:12:07 Making Sense
1:16:08 Closing & Disclaimers

------
RESOURCES

Daniel Kokotajlo
https://x.com/dkokotajlo

Arvind Narayanan
https://x.com/random_walker

Two Paths For AI - Daniel
https://www.newyorker.com/culture/open-questions/two-paths-for-ai

AI as Normal Technology - Arvind
https://knightcolumbia.org/content/ai-as-normal-technology

AI 2027 - Daniel
https://ai-2027.com/

AI Snake Oil - Arvind
https://www.aisnakeoil.com/
https://www.amazon.com/Snake-Oil-Artificial-Intelligence-Difference/dp/069124913X

Pause AI
https://pauseai.info/pdoom

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Austin Adams, founder of Whetstone and creator of Doppler, joins to discuss the next evolution in token launches.

We explore why the world needs more tokens—not fewer—and how Doppler enables creators, apps, and DAOs to build highly customized launchpads using modular tooling. We cover token market design, dynamic bonding curves to prevent sniping, and how this infrastructure could unlock more meaningful, value-connected tokens—from meme coins with DAOs to public market IPOs on-chain.

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🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

------
TIMESTAMPS

0:00 Intro
4:08 Excess Tokens And Pushbacks
10:02 Doppler Explained
17:05 The Solution
25:37 Conserving Liquidity
32:58 Maximizing IPOs Using Doppler
42:32 Token to Real Value
50:31 Closing & Disclaimers

------
RESOURCES

Austin Adams
https://x.com/AustinAdams10

Whetstone Research
https://x.com/whetstonedotcc

Doppler
https://www.doppler.lol/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Mike Novogratz returns to Bankless to unpack Bitcoin’s surge to new all-time highs and what it means in a world grappling with fiscal uncertainty.

We dive into the unfolding bond market crisis, why the Genius Act marks a new chapter for stablecoins, the tokenization of traditional finance, and how Galaxy is uniquely positioned at the crossroads of crypto and AI. This is a front-row seat to the changing macro tides and crypto’s place in the new financial order.

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https://bankless.cc/Mantle

🌐SELF | PROVE YOUR SELF
https://bankless.cc/Self

🟠BINANCE | THE WORLDS #1 CRYPTO EXCHANGE
https://bankless.cc/binance

------
TIMESTAMPS

0:00 Intro
0:18 Bitcoin Hitting All-Time High
1:57 Trump’s Tariffs' Effect on Bitcoin
5:56 Liz Truss Moment 2.0?
7:33 US Liz Truss’s Effect
8:49 Bitcoin, Gold, and the US Dollar
12:11 BTC as a New World Asset
15:29 Treasuries in Decline
18:05 Galaxy Going Public
21:26 The Genius Act
24:32 Anti-Crypto Army Gone?
27:03 US Consumer Crypto Market
31:22 Tokenizing Galaxy Assets on ETH
34:08 A Roadmap From SEC in the Future?
36:53 Year of Crypto IPOs?
38:30 TradFi Fades, Crypto Rises
39:46 The Terra Luna Case
44:05 Future of Galaxy and Crypto
50:48 Building and Scaling Data Centers
55:18 Closing & Disclaimers

------
RESOURCES

Mike Novogratz
https://x.com/novogratz

Galaxy Digital
https://www.galaxy.com/

Tokenization & RWAs (Galaxy Report)
https://www.galaxy.com/research/insights/tokenization-and-the-future-of-finance/

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠