Bitcoin Magazine Podcast

Grace Remington and Sean Hagan launch #Bitcoin Magazine TV (BMTV) with a look at bitcoin, the #macro picture, and the road ahead for the #ClarityAct. To learn more and get the latest news on BMTV, visit: www.watchbmtv.comThank you to our BMTV Founding Sponsors! 🎺 Cash App: For a limited time, new customers can get $21 added to their balance. Just use the code BMTV21 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast.
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SALT loans are originated by SALT Lending LLC (f/k/a SALT Master Fund II, LLC), NMLS 1711910. Borrowing against collateral involves risk. Not available in all jurisdictions. Digital currency is not legal tender and is not FDIC or SIPC insured. Terms: https://saltlending.com/terms-of-use/
SALT loans are originated by SALT Lending LLC (f/k/a SALT Master Fund II, LLC), NMLS 1711910. Borrowing against collateral involves risk. Not available in all jurisdictions. Digital currency is not legal tender and is not FDIC or SIPC insured. Terms: https://saltlending.com/terms-of-use/DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Morgan Stanley became the first global systemically important bank to launch a spot Bitcoin ETP and it crossed $600 million within months of its April debut. Amy Oldenburg, Head of Digital Assets at Morgan Stanley, joins host Spencer Nichols to explain how that product came together, why it was priced below competing spot Bitcoin ETFs, and what still stands between clients and their first Bitcoin allocation. She also details the firm's 0–4% allocation framework across three investor risk profiles and why Morgan Stanley has no equivalent gold allocation. Plus: whether Bitcoin could land on Morgan Stanley's own balance sheet.🔶 Host: Spencer Nichols — Bitcoin Magazine🔶 Amy Oldenburg, Head of Digital Assets at Morgan StanleyChapters: 0:00 — Morgan Stanley on Putting Bitcoin on Its Own Balance Sheet1:14 — 26 Years at Morgan Stanley: Emerging Markets to Head of Digital Assets2:10 — First Major Bank to Launch a Spot Bitcoin ETP Tops $600 Million3:14 — Education, E-Trade Spot Crypto, and What Clients Actually Own4:49 — Why Morgan Stanley Priced Its Bitcoin ETP So Low6:40 — The 0–4% Allocation Framework and the Digital Gold Thesis8:52 — Correlation Regimes: Digital Gold, High Beta Tech, and Volatility11:41 — Gold 2.0, Market Cap, and Bitcoin on the Balance Sheet14:37 — Institutional Market Structure, Quantum Risk, and Client Trust18:02 — Global Off-Ramps, Tokenization, Stablecoins, and Morgan Stanley Research#Bitcoin #MorganStanley #BitcoinETF #SpotBitcoinETF #BitcoinETP #DigitalAssets #DigitalGold #InstitutionalBitcoin #BitcoinAdoption #AmyOldenburg #WealthManagement #AssetAllocation #Tokenization #Stablecoins #BitcoinRegulation #TradFi #BitcoinNews #BitcoinInvesting #PortfolioManagement #BitcoinMacro #ETrade #BitcoinConference #BitcoinMagazine #QuantumComputing #SelfCustody #BitcoinVsGold #FinancialMarkets #BitcoinStrategyDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

When the Treasury doubled its bond buyback out of the blue, the market read it as one thing: yield curve control by another name. Arthur Hayes joins host Spencer Nichols to walk through the mechanics, short-end issuance funding long-end buybacks, and what that implies for central bank balance sheets. His conclusion is simple. If the balance sheet expands, you want the asset most responsive to money printing, and he argues that asset is Bitcoin.

Arthur Hayes:

X - https://x.com/cryptohayes

Web - https://www.cryptohayes.com

Substack - https://cryptohayes.substack.com/

LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/

Instagram - https://www.instagram.com/cryptohayes/

Maelstrom Fund:

LinkedIn: https://www.linkedin.com/company/maelstromfund

Web - https://www.maelstrom.fundX - https://x.com/maelstromfund

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Arthur Hayes - CEO of FLOP Labs Quantum is coming.

Bitcoin isn't panicking.Neither should you.Get the latest issue of Bitcoin Magazine here:https://store.bitcoinmagazine.com

Chapters:

0:00 — The Fastest Horse: Why Money Printing Points to Bitcoin

1:18 — What Bessent's Bond Buyback Actually Was

3:04 — The Yen Intervention and the FIMA Repo Request

4:25 — Doubling the Buyback: Yield Curve Control in All But Name

8:19 — Buy Bitcoin, Not Bonds

9:20 — AI Absorbed the World's Credit, and Now Come the Questions

12:14 — How Steep Bitcoin's Path Looks From Here

14:43 — The Nuclear Option: Revaluing Gold on the Balance Sheet

22:12 — EUR/JPY and the Case for a Euro Breakup

29:04 — Why Strategy No Longer Moves Bitcoin's Price

#Bitcoin #ArthurHayes #Macro #MoneyPrinting #YieldCurveControl #Bonds #Treasuries #TenYearYield #FederalReserve #QE #Bessent #YenIntervention #BankOfJapan #GPIF #DollarYen #EURJPY #Euro #Gold #GoldRevaluation #GoldStandard #China #AIBubble #Nasdaq #Strategy #MicroStrategy #Metaplanet #BitcoinETF #Crypto #Substack #BitcoinMagazine #BitcoinPodcast

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Bitwise Chief Investment Officer Matt Hougan joins host Spencer Nichols on the Bitcoin Magazine Podcast to analyze why market apathy and "boring" price action often signal a major Bitcoin bottom. The pair dive into Bitcoin's role as a call option on a changing global monetary order, unpacking how macroeconomic uncertainty, fiscal debt, and real-world asset tokenization drive long-term value. Plus, Hougan shares key insights into institutional adoption, detailing how wealth managers and financial advisors are positioning themselves to lead the next major crypto cycle.

Use code BM10 to get 10% off Bitcoin 2027 Conference in Nashville: https://2027.b.tc

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Matt Hougan, CIO - Bitwise Asset Management

Chapters:

00:00 Is Bitcoin Near a Bottom?

01:21 The Four-Year Cycle: Where Bitcoin Stands Today

03:09 Bitcoin as a Call Option on Reserve Asset Status

05:35 Timeline to Bitcoin Becoming a Global Reserve Asset

08:09 Institutional Adoption & Bitcoin's Social Value

10:40 Where Will the Next Wave of Buyers Come From?

12:56 Institutional vs. Retail Flows: The ETF Data

14:44 Rates, the Fed & Macro Outlook18:08 Japan, the Yen & Global Bond Markets

19:49 Strategy (MSTR), Stretch & Bitcoin Treasury Companies

23:43 Which Companies Could Add Bitcoin

25:25 The Tokenization of Equities Explained

27:34 Tokenized Equities vs. the Stablecoin Boom

29:20 Impact on Global Equity Markets & Valuations

34:34 What Else Matt Is Watching in Bitcoin Markets

36:18 Bitcoin's Terminal State: 20 Years From Now

38:11 Sovereign Adoption: Bit Bonds & Bitcoin Mining

#Bitcoin #MattHougan #Bitwise #BitcoinMagazine #BitcoinPodcast #BitcoinETF #BitcoinPrice #FourYearCycle #BitcoinBottom #StoreOfValue #Macro #FederalReserve #InterestRates #FederalDebt #YieldCurveControl #Japan #YenIntervention #Strategy #MSTR #MichaelSaylor #BitcoinTreasury #Tokenization #RWA #TokenizedAssets #WealthManagement #FinancialAdvisors #SovereignAdoption #Gold #MonetaryPolicy #BitcoinAdoption #BTC

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Over $120 million in Bitcoin has been drained from Coldcard hardware wallets and the attack is still ongoing. Alex Thorn, Head of Firmwide Research at Galaxy, joins Spencer Nichols to break down exactly how the critical entropy bug in Coldcard's 2021 firmware was exploited, how he's tracing stolen funds on-chain, and what victims must do right now to have any chance of recovery. Thorn also explains why multisig and collaborative custody may be the only responsible path forward for Bitcoin self-custody.

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Alex Thorn — Head of Firmwide Research, Galaxy

Chapters:

09:26 – Which Coldcard Devices Are Vulnerable

15:18 – Tracking the Attackers: Waves, Footprints & 1,600 Stolen BTC

23:46 – White Hats, Victim Reports & How to Prove Ownership

27:57 – Is Coinkite Liable? Negligence vs. Malice in the Firmware Bug

32:24 – Bitcoin's Soul-Searching Moment: Trust & Self-Custody Culture

37:56 – Multisig & Collaborative Custody Explained

43:09 – AI-Powered Attackers: The First Salvo of the Clanker Wars

50:46 – Open-Source AI, Encryption Battles & Internet Freedom

58:03 – Quantum Threats, Market Impact & Final Advice for Victims

#Bitcoin #Coldcard #ColdcardHack #BitcoinSecurity #SelfCustody #HardwareWallet #AlexThorn #Galaxy #BitcoinMagazine #BitcoinPodcast #Multisig #ColdStorage #BitcoinNews #OnChainAnalysis #Cybersecurity #BTC #Coinkite #SeedPhrase #BitcoinHack #DigitalSecurity #AIcybersecurity #QuantumComputing #BitcoinCulture #CryptoHack #WalletSecurity

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

The government keeps getting robbed of its own Bitcoin and a new bill wants to fix that. The BPI team breaks down the American Reserve Modernization Act (ARMA): what it would do for Treasury custody standards, why it has Democratic co-sponsors, and why they're bullish it could pass the House. They also cover the wave of digital-asset departures shaking up DC, from Hester Peirce to Paul Grewal. They also cover Kimi K3, China's open-source push, and the data center fight.

🔶 Connect with Zack Shapiro on X: https://x.com/zackbshapiro

🔶 Connect with Zack Cohen on X: https://x.com/zackcohen_

🔶 Connect with Ken Egan on X: https://x.com/Bayman11771

🔶 Learn more about the Bitcoin Policy Institute: https://www.btcpolicy.org/

Chapters:

04:02 — Regulatory FUD: How the US Might Curb Chinese Models

10:04 — "FINRA for AI" & the Open-Source Debate

16:25 — Why China Went Open Source — and When It Flips

19:52 — Xi Jinping's Global AI Governance Play at Shanghai WAIC

27:31 — Robots, Health Care & the Industrial AI Layer

30:04 — America's Bipartisan Data Center Backlash

39:38 — AI's PR Problem: Capital, Labor & Memory Stocks

42:38 — The Jacobian Conjecture & Mastering AI Prompting

51:10 — ARMA, the Bitcoin Reserve Bill & DC Departures

#Bitcoin #BitcoinPolicy #AIpolicy #KimiK3 #OpenSourceAI #OpenWeightModels #ChinaAI #ModelSovereignty #DavidSacks #AIRegulation #WorldAIConference #AIGovernance #DataCenters #DataCenterBacklash #JevonsParadox #ARMA #BitcoinReserve #StrategicBitcoinReserve #TreasuryBitcoin #CryptoPolicy #FreedomTech #AIprompting #FrontierAI #BitcoinPolicyInstitute #TechPolicy

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Everyone keeps asking what the "big catalyst" for Bitcoin will be, but Coinbase's Head of Institutional Strategy John D'Agostino says that's the wrong question entirely. In this episode, host Spencer Nichols digs into why proven technology runs on micro catalysts, how regulatory clarity and the market structure bill could accelerate institutional adoption, and what the GENIUS Act already changed. D'Agostino also breaks down why roughly 40 countries are exploring Bitcoin on their balance sheets.

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 John D'Agostino — Head of Strategy, Institutional at Coinbase

Chapters:

04:38 — Why Market Structure Is "GENIUS on Steroids"

09:33 — Micro Catalysts vs. the One Big Catalyst

12:08 — AI vs. Crypto: The Battle for Capital

17:28 — Bitcoin's Role in an AI-Driven Economy

22:15 — Gold vs. Bitcoin & the Geopolitical Split

28:29 — 40 Countries Eyeing Bitcoin Balance Sheets

36:09 — Store of Value or Censorship-Resistant Payments?42:39 — Surviving Volatility & Playing the Long Game

#Bitcoin #Coinbase #JohnDAgostino #BitcoinMagazine #MarketStructure #CLARITYAct #GENIUSAct #Stablecoins #Tokenization #InstitutionalInvestors #SovereignWealthFunds #BitcoinAdoption #Blockchain #CryptoRegulation #StoreOfValue #BitcoinETF #DigitalAssets #Crypto #DollarCostAveraging #BTC #OnChainFinance #BitcoinNews

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Is the U.S. really about to buy Bitcoin? Kraken co-CEO Dave Ripley tells Spencer Nichols why a U.S. strategic Bitcoin reserve could happen within the next 12 months, based on discussions happening at the state and federal level. He unpacks sovereign adoption, tokenization, and the market-structure shift underway across crypto and traditional finance.

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Dave Ripley — Co-CEO of Kraken

Chapters:

00:42 — Dave Ripley of Kraken on the state of the market

05:01 — How institutions are really entering crypto and tokenization

07:19 — Stablecoins and the rise of B2B cross-border payments

10:28 — Why Solana and Ethereum lead tokenization, not Bitcoin

14:17 — How crypto got political: Gensler, Warren and the Clarity Act

21:10 — Inside Kraken's Fed master account and Wyoming bank license

23:52 — The bank fight over stablecoin interest and the GENIUS Act

31:31 — Sovereign Bitcoin adoption and a possible U.S. reserve

38:15 — AI trading, agents as economic actors, and a bullish close

#Bitcoin #Kraken #DaveRipley #BitcoinMagazine #Stablecoins #Tokenization #TokenizedStocks #GENIUSAct #ClarityAct #CryptoRegulation #StrategicBitcoinReserve #SovereignAdoption #InstitutionalAdoption #DeFi #NinjaTrader #FedMasterAccount #BitcoinNews #MarketStructure #AITrading #BTC #WyomingSPDI #QualifiedCustody

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Is China's open-source AI strategy a values shift or a game-theoretic bluff? On this episode of The Bitcoin Policy Hour, the BPI team argues it's the latter and explains what happens when Chinese chips catch up to Nvidia. They dig into the Dean Ball vs. David Sacks debate over regulating Chinese models, "FINRA for AI," and the commoditization of intelligence. Plus: the first hearing on the American Reserve Modernization Act and the future of a Strategic Bitcoin Reserve.

🔶 Connect with Zack Shapiro on X: https://x.com/zackbshapiro

🔶 Connect with Zack Cohen on X: https://x.com/zackcohen_

🔶 Connect with Ken Egan on X: https://x.com/Bayman11771

🔶 Learn more about the Bitcoin Policy Institute: https://www.btcpolicy.org/

Chapters:

1:34 — Kimi K3 Breaks Open-Weight Records

4:28 — Should the US Restrict Chinese AI Models?

10:25 — "FINRA for AI" & the Open Source Ethos

20:16 — Xi Jinping's Global AI Governance Push

28:14 — AI at the Industrial & Health Care Layer

30:44 — The Data Center Backlash37:06 — Why Opposition Went Bipartisan

43:05 — The Jacobian Conjecture & the Prompting Gap

52:00 — Bitcoin Reserve Bill (ARMA) & DC Departures

#Bitcoin #BitcoinPolicy #AIPolicy #OpenSourceAI #KimiK3 #ChinaAI #ModelSovereignty #FreedomTech #DataCenters #XiJinping #GlobalAIGovernance #DavidSacks #DeanBall #StrategicBitcoinReserve #ARMA #BitcoinReserve #AIRegulation #USChinaAIRace #WorldAIConference #AIPrompting #BitcoinPolicyHour #BPI #Geopolitics #ArtificialIntelligence #Frontier

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

Why are Bitcoin miners suddenly at the center of the AI infrastructure boom? Fred Thiel, CEO of MARA, explains "mullet data centers" — AI in the front, Bitcoin mining in the back — and why power is the bottom layer of Jensen Huang's AI pyramid. He details MARA's joint venture with Starwood, load-balancing technology that follows wind power in real time, and lessons from Bitcoin mining that now apply to hyperscale data centers.

🔶 Host: Spencer Nichols — Bitcoin Magazine

🔶 Fred Thiel — CEO of MARA

Chapters:

01:38 — Bitcoin at $63K: Macro Correlation & Where Price Goes From Here

05:24 — Kevin Warsh's Fed, Inflation & AI's Impact on the Economy

09:04 — $600B+ in AI Capex: Jobs, Productivity & the Trillion-Dollar Buildout

12:20 — The AI Energy Bottleneck: Why Power Beats Chips

17:40 — Mullet Data Centers: Bitcoin Mining Until the AI Comes Online

24:01 — Data Centers & Communities: ESG Lessons From Bitcoin Mining

28:43 — AI Agents, Pathology & Why Humans Are the Blocking Factor

33:38 — Bitcoin as Digital Gold: Inflation, Deflation & Stablecoins

40:04 — The Quantum Threat to Bitcoin Wallets & What's Next for MARA

#Bitcoin #BitcoinMining #FredThiel #MARA #MarathonDigital #AIDataCenters #ArtificialIntelligence #AIInfrastructure #EnergyDemand #DataCenters #QuantumComputing #PostQuantum #BitcoinSecurity #DigitalGold #Stablecoins #AIAgents #BitcoinPrice #Macro #Inflation #FederalReserve #BitcoinMagazine #BitcoinPodcast #EnergyMarkets #GridPower #Hyperscalers #DataSovereignty #BitcoinNews #BTC

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.