• The team jokes about “Bitcoin being dead again” after Trump’s new tariff threats against China tanked markets and briefly pulled Bitcoin to $117K.
• They analyze Trump’s tariff negotiation style, calling it political theater and a dip-buying opportunity for “active tariff dip buyers.”
• Discussion on Core V30 debates—Bitcoiners fighting among themselves as a “bear market signal,” contrasting with the historic block size wars.
• VJ Boyapati’s chart shows long consolidation phases in this cycle—evidence of healthier, institutional-driven adoption rather than retail mania.
• Gold hits $4,000/oz, outperforming U.S. stocks; the hosts link gold’s run to the global debasement trade and rising mainstream awareness of sound money.
• John Haar highlights that despite 40-year-high inflation, global debt-to-GDP barely fell, reinforcing the inevitability of fiscal dominance and currency debasement.
• Paul Tudor Jones reaffirms Bitcoin as the “fastest horse,” signaling institutional confidence alongside gold.
• Morgan Stanley opens Bitcoin access to wealth clients—another milestone in mainstream financial adoption.
• Square launches zero-fee Bitcoin payment integration for merchants, advancing Bitcoin’s medium-of-exchange use case.
• Discussion closes on Lightning yield experiments (8–9% APY) and Luxembourg’s sovereign Bitcoin purchase, showcasing Bitcoin’s expanding financial utility and global reach.

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• Bitcoin kicks off October pressing against all-time highs near $123,900, setting an exciting tone for Q4
• Recap of BTC in DC at the Kennedy Center, featuring Michael Saylor, Cynthia Lummis, Adam Back, Pierre Rochard, Jeff Booth, Samson Mow, and many more
• Key focus on academia’s role in Bitcoin adoption, with examples from Cornell and GW University partnerships
• PubKey DC discussed as a future hub for staffers, policymakers, and Bitcoiners in Washington
• Macro landscape: global rate cuts (168 so far this year), stimulus check proposals, stagflation concerns, and every major US index hitting all-time highs alongside Bitcoin
• “The Debasement Trade”: JP Morgan recognizes the growing move into Bitcoin and gold as hedges against deficits, fiat debasement, and Fed credibility concerns
• US gold reserves valued at $1.1T highlight the case for a future Bitcoin Strategic Reserve; panelists debate timing, secrecy, and political will
• Discussion on lower Bitcoin volatility as financialization grows, reducing chances of another 80% drawdown and pointing toward steadier climbs
• DCA vs gold: visualization shows $15K invested since 2020 in Bitcoin would be worth $63K today, highlighting Swan Vault and Swan IRA as easy long-term strategies
• Digital Euro and UK digital ID proposals raise serious concerns over freedom and financial control, contrasted with Bitcoin’s censorship resistance and self-sovereignty

Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private.

Put Bitcoin into your IRA and own your future. Check out swan.com/ira.

Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.

• Ben and Jeff break down Strive’s reverse merger and rapid acquisition of Similar Scientific—completed in just four days.
• The deal strengthens balance sheet credit quality, improves leverage capacity, and positions the combined entity for perpetual preferred securities.
• Connection to Vivek Ramaswamy’s background in healthcare and politics creates potential synergies for future spin-offs.
• Bitcoin Treasury Company sector has faced a steep correction, but consolidation may create stronger, scalable firms.
• Ben emphasizes scale—5,000+ BTC balance sheets—as key for accessing institutional preferred markets.
• Treasury companies are experimenting with innovative financing structures (ATM issuance, convertible bonds, perpetual preferreds).
• Discussion on investor psychology: short-termism in equities vs. the long-term thesis of Bitcoin.
• Jeff presents historical math showing 4-year holding periods in Bitcoin and MicroStrategy always produced positive returns.
• Broader economic commentary: mispriced bond risk, housing affordability crisis, and wealth inequality.
• Hosts stress that Bitcoin itself should remain the foundation of portfolios, with treasury companies and credit products as higher-risk layers.

Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private.

Put Bitcoin into your IRA and own your future. Check out swan.com/ira.

Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.