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Presented collaboratively by Early Riders & Onramp Media...

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

This week Brian, Michael, and Liam cover the SpaceX IPO and the capital-rotation narrative around Bitcoin, the Bernie Sanders / David Sachs debate over government equity stakes in AI companies, the Zcash inflation bug that allowed unlimited mint for four years before Claude caught it, JPMorgan's tokenized-deposit consortium with Citi, Bank of America, Wells Fargo, and Chase, the Stripe / Visa / MasterCard stablecoin consortium, Morgan Stanley's Galaxy partnership letting high-net-worth clients lend Bitcoin for in-kind ETF conversions, Tether's first gold-backed Visa card, the US sanctioning Iran's largest crypto exchange Nobitex, and the Polymarket MicroStrategy resolution controversy.

Chapters

00:00 - The State of Digital Assets

01:13 - Upcoming IPOs and Market Dynamics

05:54 - Contrasting Views on Investment Strategies

08:19 - Long-Term Perspectives on Bitcoin

14:11 - Speculation vs. Saving in Investments

18:32 - Government Involvement and Market Bubbles

25:22 - Zcash Inflation Bug and Crypto Vulnerabilities

31:12 - Tokenization of Deposits and Future of Banking

34:12 - Understanding the Future of Investment and Money

35:56 - The Role of Traditional Finance in Digital Assets

37:11 - Morgan Stanley's Bitcoin Lending and ETF Strategy

40:54 - Market Timing and ETF Launches

42:48 - The Evolution of Wealth Management and Asset Preservation

44:40 - Stablecoins and 24/7 Trading in Crypto Markets

49:05 - US Sanctions and the Impact on Crypto Markets

52:59 - Tether's Gold-Backed Innovations

55:19 - The Future of Agentic Payments and Prediction Markets

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Keep up with Michael:

https://x.com/MTanguma

https://www.linkedin.com/in/mtanguma/

Keep up with Liam:

https://x.com/Lnelson_21

https://www.linkedin.com/in/liam-nelson1/

Keep up with Brian:

https://x.com/BackslashBTC

https://www.linkedin.com/in/brian-cubellis-00b1a660/