In this episode of On the Delo, David DeLorenzo welcomes investor and operator Stephen Cole back for a no-BS, practical conversation on Bitcoin for real businesses—especially restaurants. They hit family buy-in, what “21M cap” actually means, instant vs. final settlement, and how owners can allocate a small, repeatable % of revenue into BTC without wrecking their books.

Stephen also breaks down why fractions (0.01 BTC) aren’t “small,” how AI will demand internet-native money, and what his company Castle is building so small and medium sized businesses can automate buys and plug into tools they already use (Stripe, PayPal, Square, Clover, Shopify, QuickBooks). They cover tax basics (buy/hold vs. sell), loans against BTC, and why “high-yield” dollar accounts rarely beat inflation in the real world.

Chapter Guide (Timestamps):

(00:13 – 01:02) Cold open & why Stephen’s back on the show

(01:58 – 03:29) Getting spouse buy-in; teaching money to kids

(04:22 – 06:20) Money 101 & the Lynn Alden primer to understand fiat

(06:27 – 08:19) From Silicon Valley engineer to Bitcoin (since 2013)

(08:55 – 12:33) Scarcity (21M / ~19M mined), settlement vs. instant layers

(13:44 – 17:51) Unit-bias myth; why AI will use internet-native money

(18:24 – 23:23) Corporate treasuries → Castle for SMBs; set-and-forget allocations

(23:37 – 24:25) Taxes: buy/hold ≠ taxable; borrowing against BTC (responsibly)

(25:27 – 30:22) Restaurants: accept vs. hold; accounting realities today

(31:14 – 36:19) Inflation math for owners; “high yield” vs. real purchasing power

(37:04 – 38:34) DCA mindset & the early “faucet” story

(39:01 – 40:52) Mortgages, lenders, and regulators starting to acknowledge BTC

(40:53 – 43:18) “No second best”: BTC vs. altcoins; how to reach Stephen

(47:14 – 50:26) Rapid-fire and close

🔥 This isn’t theory — it’s what smart operators are doing now. If you’re a restaurant or small business owner, subscribe, like, and share this episode to start future-proofing your business today.

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