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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 & Why Macro Matters Now

04:40 – Bessent’s Op-Ed: Fed “Gain-of-Function” Critique

07:36 – Post-2008 Playbook: Distorted Signals & Debt Monetization

10:38 – Stablecoins as Dollar Statecraft

13:30 – Global Pressures & the Dollar’s Next Act

16:30 – Gold Breakout, BTC Setup: Sound-Money Signals

19:26 – Fed Independence Under Fire

22:18 – Hard Assets as Liquidity Batteries (Gold & BTC)

25:19 – Navigating the Reset: A Playbook for Allocators

37:33 – Corporate BTC, U.S. Advantage & Balance Sheets

41:22 – TradFi Meets Crypto & Policy Greenlights

46:06 – Wallet Warnings & Supply-Chain Exploits

51:19 – Custody Stress Is Real: Fault Tolerance & MIC

56:51 – Onramp Institutional: Bespoke Access for Allocators

01:05:40 – Outro & Disclaimer

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