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Matthew Pines on X // Bitcoin Policy Institute // BPI Policy Summit

Onramp Trade: Enter "TLT" during sign-up for Onramp Trade and receive 50% off account fees and zero cost trading through September.

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, & Tim Kotzman. 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 - Introduction to Matthew Pines

04:02 - US-Saudi Investment Forum Overview

08:09 - Geopolitical Implications of US Foreign Policy

18:44 - Monetary Reordering and Dollar Dominance

26:55 - Central Banks and Federal Debt Dynamics

32:50 - Bitcoin's Role in the Global Monetary System

41:59 - The Role of Capital in Strategic Competition

44:30 - Covert Operations and Financial Markets

46:26 - The Intersection of Bitcoin and National Security

48:40 - The Strategic Bitcoin Reserve Discussion

49:22 - Tipping Points in Bitcoin Policy

56:31 - The Future of Bitcoin in U.S. Policy

59:26 - Balancing Bitcoin Acquisition and Dollar Confidence

01:02:22 - Innovative Financial Mechanisms for Bitcoin Acquisition

01:06:55 - Bitcoin as a Hedge Against Disruption

01:10:08 - The Overton Window Shift for Bitcoin

01:13:54 - Disruptive Advanced Technologies

01:16:00 - The Convergence of Bitcoin, AI, and Energy

01:18:59 - BPI's Role in Bitcoin Advocacy

01:22:52 - The Future of Bitcoin and Decentralization

01:24:37 - Outro and Disclaimer

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Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - China-US Trade Negotiations and Tariffs

03:09 - Impact of Treasury Yields on Negotiations

06:07 - Bitcoin's Market Dynamics and Predictions

08:59 - Bitcoin Treasury Companies: Opportunities and Risks

11:49 - Corporate Treasuries and Bitcoin: A New Paradigm

17:08 - Mergers and Acquisitions in the Crypto Space

20:11 - The Future of Bitcoin Derivatives and ETFs

26:50 - Market Sentiment and Institutional Interest

29:05 - The Asymmetry of Bitcoin Understanding

30:01 - Legislative Challenges and Bitcoin Dominance

33:06 - Global Regulatory Landscape and Bitcoin Adoption

36:13 - The Value Proposition of Bitcoin vs. Proxy Assets

38:58 - Retail Interest and Psychological Barriers

42:08 - Building Consumer Applications for Bitcoin

44:51 - Emerging Trends in Bitcoin Legislation

48:03 - On-Ramping New Users to Bitcoin

51:04 - Influencer Impact on Bitcoin Perception

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:

https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-42.html

https://www.nbcnews.com/politics/congress/senate-vote-advance-crypto-bill-bipartisan-talks-trump-rcna205328

https://www.dlnews.com/articles/markets/coinbase-ceo-on-why-the-exchange-didnt-bet-farm-on-bitcoin/

https://www.coinbase.com/blog/coinbase-to-acquire-deribit-becoming-the-most-comprehensive-global-crypto-derivatives-platform

https://www.bis.org/publ/work1265.pdf?utm_medium

Keep up with Michael: X and LinkedIn

Keep up with Brian: X and LinkedIn

Keep up with Liam: X and LinkedIn

Michael Tanguma, Founder and CEO of Onramp, joins the show to discuss his journey to Bitcoin, Onramp's Early Riders venture firm, and a big Onramp announcement.

NOT FINANCIAL ADVICE - For entertainment purposes only.

Tim Kotzman on X // Michael Tanguma on X

0:00 - Intro

0:45 - Recapping MSTR earnings

7:00 - Michael’s take on the announcement of 21 Capital

11:54 - Michael’s journey to Bitcoin and founding Onramp

21:56 - Where Onramp is today and its flagship product

27:26 - How Onramp educates consumers on its offerings

38:30 - Onramp’s venture firm Early Riders

49:25 - Where Onramp is going from here

53:04 - Where to find Michael online

Connect with Onramp // Onramp Terminal

Launch of Onramp Trade: Enter "TLT" during sign-up for Onramp Trade and receive 50% off account fees and zero cost trading through September.

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, & Tim Kotzman. 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 - Welcoming Robert Breedlove

05:27 - Retail Participation and Market Dynamics

08:30 - Understanding Bitcoin's Value Proposition

11:13 - The Great Awakening and Media Paradigm Shift

14:30 - Bitcoin as a Solution to Economic Challenges

17:18 - Bitcoin's Position Among Global Assets

20:21 - The Evolution of Money and Bitcoin's Role

23:23 - The Simplicity and Truth of Bitcoin

32:40 - State Adoption and Bitcoin's Role

37:20 - The Game Theory of Bitcoin Adoption

41:28 - Bitcoin as a Catalyst for Change

46:14 - Decentralization and Governance

01:03:44 - Corporate Adoption and Treasury Strategy

01:07:42 - Bitcoin as a Savings Technology

01:13:37 - Democratization of Knowledge and Information

01:15:07 - The Future of Bitcoin and AI Integration

01:22:18 - Onramp Trade: Simplifying Bitcoin Access

01:24:02 - Outro and Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Connect with Onramp // Jackson Mikalic on X

Scarce Assets: a biweekly podcast presented by Onramp which delves into the emergent role of bitcoin in finance professionals' strategies and outlooks. Hosted by Jackson Mikalic, Scarce Assets provides invaluable insights for wealth managers aiming to outperform their peers in the decades ahead. Finance professionals everywhere know about stocks and bonds, but the macroeconomic outlook requires that serious investors pay close attention to another category: Scarce Assets.

00:00 - Market Overview and Economic Landscape

16:02 - The Role of Gold and Bitcoin in Current Economy

29:37 - The Bond Market's Impending Crisis

31:18 - The Shift Towards Gold and Neutral Assets

34:47 - Understanding the Sovereign Debt Crisis

36:58 - The Role of Central Banks and QE

39:46 - China's Gold Reserves vs. U.S. Reserves

41:52 - The Value of Gold in a Crisis

43:10 - BRICS and Global Gold Dynamics

47:31 - Integrating Bitcoin into Traditional Assets

49:10 - The Need for a Monetary Reset

50:55 - Lessons from the 1970s Market Volatility

55:54 - The Relationship Between China and Bitcoin

58:46 - The Arms Race for Sound Money Assets

01:10:46 - Navigating the Fourth Turning: Historical Context

01:18:46 - The Future of Money: Deflation and Accountability

01:21:30 - The Journey of Education and Awareness

01:30:10 - Outro & Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media...

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Guest Welcome

03:41 - Nigerian Government's New Digital Asset Regulations

06:59 - Impact of Regulations on Bitcoin and Digital Assets

10:00 - Entrepreneurship in Nigeria's Bitcoin Space

12:54 - Geopolitical Dynamics and Stablecoins in Africa

16:03 - Bitcoin Mining and Its Societal Impact

20:47 - Consensus Mechanisms and Bitcoin's Future

30:33 - Defining Bitcoin's Core Principles

32:44 - The Importance of Bitcoin as Money

35:11 - Current Spam Mitigation Policies

37:34 - Proposed Policy Changes and Their Implications

42:28 - Consensus vs. Policy Changes in Bitcoin Development

47:05 - The Role of Stablecoins in the Bitcoin Ecosystem

52:16 - Navigating Regulation and Innovation in Bitcoin

54:31 - The Future of Bitcoin and Developer Funding

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:

https://www.forbes.com/sites/digital-assets/2025/04/30/nigerian-gov-passes-law-recognizing-bitcoin-as-a-security/
https://home.treasury.gov/system/files/221/TBACCharge2Q22025.pdf

Keep up with Abubakar:

https://x.com/ihate1999
https://www.linkedin.com/in/abubakar-nur-khalil-29923b1a0/
https://rcrsv.xyz/
https://www.btrust.tech/

Keep up with Michael:

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

Keep up with Brian:

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

Keep up with Liam:

https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

Connect with Onramp // Onramp TerminalThe 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, & Tim Kotzman. 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 & Welcoming Special Guest Tad Smith

04:36 - Bitcoin Market Analysis and Performance

07:35 - Liquidity and Its Impact on Bitcoin

10:38 - Bitcoin vs Gold: A Comparative Analysis

15:04 - The Role of ETFs in Bitcoin Adoption

17:57 - The Narrative Shift for Institutional Investors

21:17 - Market Dynamics and Institutional Adoption

24:02 - Corporate Adoption of Bitcoin

27:07 - The Future of Bitcoin in Institutional Portfolios

44:37 - Sovereign Accumulation and Bitcoin's Future

49:16 - The Role of AI and Digital Assets

51:11 - Europe's Bureaucratic Resistance to Bitcoin

55:44 - Innovations in the Financial Sector

01:01:21 - The Future of Bitcoin and Corporate Strategies

01:16:16 - The Intersection of Art, Scarcity, and Bitcoin

01:20:09 - Outro & Disclaimer

Please subscribe to Onramp Media and sign up for weekly Research & Analysis to get access to the best content in the bitcoin ecosystem.

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Overview of Recent Conversations

03:08 - The Importance of Education in Bitcoin Adoption

05:56 - Coinbase Bitcoin Yield Fund: Opportunities and Risks

08:55 - The State of the Crypto Lending Market

12:06 - Banks and Institutional Interest in Bitcoin

15:12 - Global Regulatory Developments and Nation-State Involvement

18:03 - Emerging Trends in Digital Asset Banking

20:45 - The Role of Binance in Global Crypto Regulations

24:11 - Russia's New Crypto Exchange for High Net Worth Individuals

26:50 - UAE's Digital Islamic Bank and Global Access to Bitcoin

30:46 - Sharia Compliance and Bitcoin's Role

32:18 - Cultural Integration of Bitcoin in Islamic Finance

33:51 - Bitcoin Dominance and Market Dynamics

36:15 - The Emergence of 21 Capital

38:04 - Geopolitical Implications of Bitcoin Treasury Companies

40:49 - The Future of Altcoins and Bitcoin Treasury Companies

43:19 - The Role of Financial Engineering in Bitcoin Exposure

46:46 - Understanding Bitcoin Exposure and Investment Mandates

51:32 - The Impact of Traditional Finance on Bitcoin Adoption

54:41 - Schwab's Entry into Bitcoin Trading

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:

https://www.coinbase.com/blog/coinbase-asset-management-launches-the-coinbase-bitcoin-yield-fund

https://www.galaxy.com/insights/research/the-state-of-crypto-lending/

https://www.ft.com/content/afd62059-9bb8-43b3-9395-65dd92a94d33

https://bitcoinmagazine.com/news/ruya-becomes-first-islamic-bank-to-offer-bitcoin-and-virtual-asset-investments

https://bitcoinmagazine.com/news/ruya-becomes-first-islamic-bank-to-offer-bitcoin-and-virtual-asset-investments

https://riabiz.com/a/2025/4/19/rick-wurster-puts-harder-date-on-schwab-spot-bitcoin-launch-after-key-hire-and-400-surge-in-visits-to-its-crypto-site-but-isnt-pulling-down-crypto-red-flags-quite-yet

Keep up with Michael: X and LinkedIn

Keep up with Brian: X and LinkedIn

Keep up with Liam: X and LinkedIn

Connect with Early Riders // Connect with Onramp

Presented collaboratively by Early Riders & Onramp Media...

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction to Bitcoin Advocacy and Pierre Rochard

01:25 - The Evolution of Bitcoin's Speculative Attack Thesis

12:55 - Individual vs. Corporate Speculative Attacks

18:53 - The Future of Bitcoin Corporate Strategies

28:24 - Introducing the Bitcoin Bond Company

33:54 - Understanding Bond Structures and Bitcoin's Role

39:45 - Institutional Adoption and Bitcoin Education

42:30 - The Impact of Regulatory Changes on Bitcoin

46:24 - Bitcoin's Correlation with Traditional Assets

52:18 - The Evolution of Bitcoin Mining

55:04 - The Importance of Bitcoin Education and Resources

If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.

Links discussed:

https://nakamotoinstitute.org/
https://nakamotoinstitute.org/mempool/speculative-attack/
https://nakamotoinstitute.org/podcasts/the-reorg/
https://bitcoinbondcompany.com/

Keep up with Pierre: 

https://x.com/BitcoinPierre
https://www.linkedin.com/in/pierrerochard/

Connect with Onramp // Onramp Terminal

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, & Tim Kotzman. 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 - Market Update and Institutional Adoption

12:43 - The Shift in Bitcoin's Narrative

17:41 - ETF Inflows and Retail Interest

24:31 - Formation of 21 and Corporate Strategies

31:02 - The Standardization of Bitcoin on Balance Sheets

33:33 - SoftBank's Role in Bitcoin Investments

38:15 - Hashrate and Market Correlation

48:16 - The Importance of Financial Literacy

56:47 - Finding Bitcoin and Depths of the Rabbit Hole

01:05:01 - Realization of Bitcoin's Generational Value

01:07:12 - Navigating Bitcoin Custody Solutions

01:10:16 - Building Trust in Financial Relationships

01:13:05 - The Emotional Journey of Bitcoin Ownership

01:22:20 - The Evolution and Future of Bitcoin Custody

01:26:20 - Protecting Wealth in the Digital Age

01:27:25 - Outro & Disclaimer

Please subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.