The Last Trade: Jackson, Michael, and Brian break down the launch of Onramp Finance, Admiral Paparo's bitcoin testimony before Congress, Kevin Warsh's Fed nomination, bitcoin outperforming as the king of safe-haven assets, BlackRock and Coinbase's influence, & why meeting the market where it's at matters.

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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.

🎙️ About This Episode

Onramp Finance is live — a unified money platform combining bitcoin, dollars earning up to 5%, a spending card, and MIC as the long-term custody layer. The crew breaks down why this stands in stark contrast to Polymarket launching 24/7 perpetual futures the same day, and why meeting the market where it's at has been the north star. Meanwhile, a four-star Admiral just called bitcoin a "peer-to-peer, zero-trust, transfer of value system" before Congress, Kevin Warsh is walking into an impossible Fed situation, and BlackRock, Coinbase, and Anchorage want to insert themselves into bitcoin protocol development. The big boys think they're here to fix bitcoin.

🧠 Chapters

00:00 — A Big Week for Onramp

03:04 — Why We Built Onramp Finance

07:00 — The Private Banking Experience, Centered on Bitcoin

10:33 — Meeting the Market Where It's At

16:53 — Genesis Program: 210 Spots, Use Code TLT

21:04 — Admiral Paparo: "Bitcoin Is a Reality"

27:09 — Gold, Multipolarity & Geopolitical Nukes

34:17 — Bitcoin: King of Safe-Haven Assets

39:20 — Reducing Variables in a Chaotic World

43:36 — Warsh, Powell & the Fed's Impossible Position

50:28 — ETF Flows & European Banks Losing Customers

54:56 — OP_Next: BlackRock, Coinbase, Anchorage Want In

1:02:44 — Last Takes & Disclaimers

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