“I think the primary product that they’re the most interested in selling is AI psychosis.”

Erik Cason returns to discuss why he believes American capitalism has already ended, how AI could accelerate the rise of the surveillance state, and why owning your own AI could become as important as holding your own Bitcoin.

We also get into AI dependence, his warning of a “digital 9/11”, the competition between Chinese open models and American AI companies, and the personal AI system he’s building. Erik explains how Bitcoin and cryptography fit into this future, and why Bitcoin could become essential for paying for AI when governments restrict access.

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"The rest of the world, of course, should always have been paying attention to Bitcoin, but they should be paying attention to it for a very different set of reasons now because they’re next.”

Jameson Lopp returns to discuss how AI is accelerating the race between hackers and defenders, what the Coldcard and Liquid hacks reveal about Bitcoin security, and why he sees Bitcoin as the canary in the coal mine for other industries.

We also get into hardware wallets, multisig and protecting life-changing amounts of bitcoin, the risks of KYC leaks and physical attacks, and what Jameson learnt from talking to scammers and interviewing North Korean applicants trying to get jobs at Casa.

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“I think AI is officially too big to fail.”

Jeff Ross returns to discuss why he expects an AI-led manufacturing boom in the US and how rising productivity could help America grow its way out of debt.

We also get into why AI-driven deflation could benefit people but threaten a debt-based monetary system, and why the government may eventually have to backstop the AI buildout with QE or yield curve control.

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“We don’t really have the tools to deal with fiscal-driven inflation.”

Lyn Alden returns to discuss why the US is entering deeper fiscal dominance, what the Treasury’s recent buybacks signal, and why America’s growing debt and $2 trillion deficits are changing what monetary policy can actually achieve.

We discuss the increasingly K-shaped economy, why developed markets are beginning to take on characteristics once associated with emerging markets, and why Lyn believes this macro environment could persist well into the 2030s.

Lyn also explains why she believes Bitcoin is increasingly well positioned for the years ahead, why capital could rotate out of the AI trade, and what would need to happen for Bitcoin to enter a stronger bull market.

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“There is a reckoning. There is a point at which something has to be addressed.”

Nik Bhatia returns to get into America’s $40 trillion debt problem, why the real danger is the share of tax revenue being consumed by interest, and how continued Treasury bill issuance could eventually trigger stress in the repo market and force the Fed to intervene.

We discuss whether Treasury buybacks helped drive Bitcoin’s recent 20% rally, why the UK, France and Japan may face major monetary intervention before the United States, and how Washington is attempting to reclaim control of the offshore dollar system. Is the world entering a new kind of financial war?

Nik also explains why he believes Bitcoin’s bottom is in but the next bull market has not yet begun, what his liquidity indicators are signalling, and why the bond market could determine Bitcoin’s next major move.

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“You could have a massive cycle here this time around that will shock people.” — Joe Carlasare

Joe Carlasare is a commercial litigator, Bitcoiner and author of Unconfiscatable.

In this interview, we discuss why he believes the Bitcoin bottom is in, how the recent drawdown changes Bitcoin’s risk profile, and why a move above $100K could trigger the next major cycle.

We also discuss institutional adoption, the future of the four-year cycle, Bitcoin-backed banking and credit, Treasury buybacks, fiscal dominance, AI investment, structural inflation and why Joe is bullish on the economy, markets and Bitcoin.

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“Everything’s structurally changed.”

Eric Yakes is back on the show to explain why Bitcoin may never suffer another 80% crash, and why the recent 50% drawdown could prove that the four year cycle is finally dead.

We discuss whether yield curve control has arrived under another name, why Bitcoin is becoming a hedge against monetary debasement and the potential for a great rotation out of AI and gold and why gold could reach $10,000 while Bitcoin runs from $80,000 to $800,000.

Eric also gets into how the US push for stablecoins could unintentionally accelerate Bitcoin adoption, why stablecoins may provide the route to hyperbitcoinization, how Bitcoin could become the world’s most valuable collateral and why fractional reserve banking might actually help Bitcoin win.

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“Your conversations and your money should not have to live in totally separate places.”

Seth for Privacy is the COO of Cake Wallet and Radar, a Signal-compatible messenger combining encrypted conversations with self-custodial Bitcoin payments. In this episode, he explains why the next wave of Bitcoin adoption may begin inside an everyday messenger—not a standalone wallet.

We discuss how Radar makes sending Bitcoin feel as natural as sending a message, why Spark made that experience possible, and the challenge of combining simple UX, privacy and self-custody at scale. Seth also breaks down Radar’s connection to the Signal network, its plans for fiat top-ups and stablecoins, and why compromising someone’s phone can defeat even the strongest encryption.

We also get into Zcash’s historic counterfeiting vulnerability, Monero’s privacy model, Bitcoin privacy and how Silent Payments, PayJoin and better developer tools could make private, self-custodial Bitcoin practical for everyday users.

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