In part 2 Dan looks at:

• ETFs plug Bitcoin directly into every pension fund, endowment, sovereign wealth fund, high net worth and company buyer
• How the ETF launch will change the narrative around Bitcoin
• BlackRock, Fidelity and other companies will actively promote it
• ESG critique dramatically reduced
• Incentive for wealth managers to allocate 
• BTC boosts performance of every portfolio
• BTC is perfect asset for pension funds and endowments
• Companies will begin to buy as well, take a page out of the Michael Saylor playbook
• All models will be broken.  
• ETFs open the largest pools of capital for the very first time, and available supply keeps getting cut in half

In this episode Dan gets into:

• Why the launch of Bitcoin spot ETFs will be so bullish long term
• Brief explanation of ETFs and how they work
• ETFs will unlock so many access points to Bitcoin
• Every brokerage account people already have can access ETFs
• Institutional custody solutions built right in
• Real Bitcoin in self custody is best, but that is not how we get to mass adoption 
• ETFs will unlock trillions of dollars in retirement accounts
• ETFs will also make Bitcoin inheritance planning much simpler 
• Will enable people to borrow against their Bitcoin ETF or use as collateral 

On this week's episode:

• Price pump - breakout above 32k
• BlackRock's ETF ticker leak
• All-time high in holder confidence
• Coins not moving
• The Great Decoupling?
• Narrative shift underway

Dan and Greg discuss:

• Great college band name
• Thank you for birthday candle Bitcoin
• Some thoughts on recent price movement
• BlockRock picks a ticker for its ETF - and its perfect
• We are in final days of pre-ETF era.  ETFs mark the beginning of the Wall Street era for Bitcoin
• Moving from horse and buggy and dirt road economy to super highways and Teslas
• Does Bitcoin need the ETFs to reach its potential?
• Reason why price pumps are so important.  Price moves stimulate adoption
• All non-price Bitcoin metrics incredibly bullish regardless of price
• Now factor in impact of money printing to fund 2 wars and hundreds of trillions of unfunded mandates
• BTC is your insurance policy against continued mismanagement by government
• Hearing from Bitcoin skeptics after price pumps
• Looming hit to real estate market will spur a lot of interest in BTC
• Microstrategy investment in the green.  Just the beginning of companies holding BTC in treasuries
• The opportunity cost of every bad decision is priced in Bitcoin

Dan and Greg break it down:

• The fiat system funds perpetual war
• Since advent of central banking and money printing, war has become total - and endless
• Under the gold standard, wars still existed but they were much more limited
• Want to defund war?  Learn about Bitcoin
• The fiat system exists fund war, protect asset values and bail out every bad decision 
• Bitcoin is a peaceful revolution against the financial system
• It took 200 years for the US to accumulate $500 billion in debt.  We just borrowed more than that in the past 2 weeks
• Time preference
• True saving vs investing
• What the worst coaching decision in the history of sports can teach about about Bitcoin

On this week's pod:

• Update on ETF news.  It's bullish
• Hash rate at all-time highs.  It's bullish
• Sen Warren using crisis in Mideast to pursue her anti-crypto campaign.
• Could the next president of Argentina be a Bitcoiner?

Dan solo pod today.  First installment of the Weekly Ratchet breakdown of top stories of the week.   Today we get into:

• Updates on the Bitcoin spot ETFs
• Will SEC appeal ruling in Greyscale case (deadline within hours of pod)
• Updates on insanity of the SBF trial.
• Testimony from SBF's ex girlfriend confirm many suspicions about attempted price manipulation by FTX
• Incredible levels of US debt.  200 years worth of debt in 2 weeks.

Dan and Greg get personal.   We discuss our own journeys into Bitcoin.  

• What sparked our interest
• Early doubts
• Key ratchet moments along the way
• Lamenting we didn't buy more when we learned about it!!

Dan and Greg discuss:

• Horrors of seeing/hearing yourself on a podcast
• Orange pilling friends
• Advantages of dollar cost averaging (DCA) vs lump sum
• Holding Bitcoin on exchanges vs self custody

Dan and Greg on why we are doing this.  

• Why Bitcoin
• The insanity of starting a podcast
• The Bitcoin lens and what it means