Onramp Bitcoin Media

Elon Musk says he will give a SpaceX share to every kid in America next year, about $10B of stock, and the table splits on generosity versus strategy. Also on the clock: 5% Treasury yields and a $2 trillion deficit, CoreWeave default insurance spiking, JPMorgan ranking Bitcoin its top long-run asset, and Germany's Sparkassen opening Bitcoin trading. Where's the signal, and where's the noise?

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One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution Custody. Recurring...

AI agents won't barter, and Michael argues they will coalesce around Bitcoin faster than anyone expects. Plus Schwab turns on Bitcoin trading, Deutsche Bank and Stifel move in, and an OpenAI model spends testnet ETH it never owned.

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Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak with our team to see if it...

A traditional VPN sends your entire internet history through one company that also has your name, address and payment details. Liam sits down with Carl Dong, founder of Obscura VPN and former Bitcoin Core developer, on why two hops beat one and why AI makes privacy urgent.

Guest: Carl Dong, founder of Obscura VPN and former Bitcoin Core developer:

X: https://x.com/obscuravpn

Website: https://obscura.com/

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Holding Bitcoin for decades raises two questions: who protects it, and how...

Through Dec 31: $100/month (or $1,000/year) for your first year of Multi-Institution Custody, normally $2,400. Open a vault, set up a recurring buy, and use code TLT at onrampbitcoin.com. Discounted pricing covers vaults holding up to 25 BTC.

Everyone wants Bitcoin to fix money, but nobody has shown how most people should actually hold it. Jackson, Michael and Brian dig into Ledger's roughly $90 million reseller attack, banks moving into custody, gold's interest-bill problem, a hot CPI print and the AI spending boom.

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The Ledger reseller attack, where tampered hardware wallets reached unsuspecting buyers, has the industry rethinking how people hold Bitcoin, and the table makes the case for a third way. Also on the clock: record money into gold ETFs, home sales at a 2020 low, and Anthropic's warning that AI agents could copy themselves onto smart devices. Where's the signal, and where's the noise?

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One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution Custody. Recurring...

Stocks, bonds and cash are all moving onto digital rails, and Michael lays out why that faster money needs Bitcoin as its sponge. Plus the $86M Ledger reseller attack, and why one point of failure can knock you out of the game.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak with our team...

Where flaring is limited, an oil company can't produce oil unless it can sell the gas, and Steve Barbour built Upstream Data to turn that gas into Bitcoin. Liam sits down with him on why mining belongs at the power plant and what AI does to that endgame.

Guest: Steve Barbour, founder of Upstream Data. https://x.com/upstreamdatainc

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Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no...

Zach Herbert has been building Bitcoin hardware since 2020, and Foundation no longer calls its device a hardware wallet. Cam Stromme sits down with the Foundation CEO on open source, why self-custody is still early, and why your most important keys belong off your phone in an age of AI agents.

Guest: Zach Herbert, CEO and co-founder of Foundation, maker of Passport Prime.

X: https://x.com/zherbert

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Onramp After Hours: a happy hour with Cam Stromme at Pryes Brewing in Minneapolis...

Trump told Time that certain levels of inflation will pay off the debt very rapidly. Jackson, Michael and Brian explain why that makes Bitcoin's bull case, then take on a lopsided S&P 500, the AI funding frenzy, FinCEN's retreat and BitGo's custody bet.

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Onramp After Hours: a happy hour with Cam Stromme at Pryes Brewing in Minneapolis on October 28. Save your spot:

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Holding Bitcoin for decades raises two questions: who pro...

Trump says inflation will pay off the debt "very rapidly" while his own economic advisor says no way, and he is promising $5,000 checks heading into the midterms. Also on the clock: France now paying more than Italy to borrow, McDonald's sued over AI menu pricing, and the New York Fed reviewing banks' private credit exposure. Where's the signal, and where's the noise?

OPEN A FREE ONRAMP FINANCE ACCOUNT

One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution Custody. Recurring...

Bitcoin is the life raft for a K-shaped economy that keeps rewarding the people already at the top, says Peter St. Onge. Jackson sits down with the Heritage Foundation economist on why AI is a bubble that's only at 1997, why the jobs panic is wrong, and who actually gets rich.

Guest: Peter St. Onge, Senior Economist at The Heritage Foundation

X: https://x.com/profstonge

Newsletter / Website: https://peterstonge.com/

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Bitcoin just posted its highest weekly close since January, up 43% on the quarter and roughly 50% off the bottom. Jackson, Michael and Brian make the bull case, then take on Ari Paul's Coinbase allegations and what they mean for custody concentration.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak with our team to see...

Gold and silver just shed over a trillion dollars in a day as the 10-year yield hit a 19-year high, and the math on gold's $18 trillion run says Bitcoin could move faster than anyone expects. Also on the clock: OpenAI shelving GPT-6.1 Astra, Apollo's warning about an agentic bank run, and Ari Paul's hack allegations against Coinbase. Where's the signal, and where's the noise?

OPEN A FREE ONRAMP FINANCE ACCOUNT

One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution...

One chart from Epoch AI shows the cost of AI falling about 47% a quarter since 2023, faster than any technology in history, and it exposes the math under the AI trade. Michael, Liam and Brian on why cheap intelligence competes away profit, and why Bitcoin is the scarce unit left.

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Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through...

AI just bailed out Bitcoin's public miners, and Bob Burnett says that is the healthiest thing to happen to mining in years. Liam sits down with the Ocean executive chairman on falling hash rate, who builds Bitcoin's blocks, and what the BIP-110 fork proved.

Guest: Bob Burnett, CEO of Barefoot Mining and executive chairman of Ocean. https://www.barefootmining.com/

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Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and...

Brandon Quittem helped build Swan from a Bitcoin gifting app into a full service firm, and he thinks custody is the piece Bitcoin still needs before it grows 10x. Cam Stromme sits down with him on meetups, DCA, multisig and protecting your Bitcoin as if it were already worth ten times more.

Guest: Brandon Quittem, VP of Client Experience at Swan Bitcoin and founder of the Minneapolis Bitcoin meetup. https://x.com/Bquittem

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Holding Bitcoin for decades raises two questions: who protects it, and...

AI's $3.1 trillion in off balance sheet commitments can end two ways, and both end with the printer running. Jackson, Michael and Brian make the case for Bitcoin, from the biggest ETF inflow day of 2026 to Howard Marks's new memo and BlackRock's AI research.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak with our...

The average Bitcoin ETF holder is back in profit for the first time since January, and the data says most of them held through the whole drawdown. Also on the clock: SpaceX, OpenAI and Anthropic out-valuing 45 years of US tech IPOs, Meta's Muse agent matching ChatGPT's launch, and wash trading allegations at Kalshi. Where's the signal, and where's the noise?

OPEN A FREE ONRAMP FINANCE ACCOUNT

One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution Custody. Recurring buys carry...

Meta shipped Muse to a user base measured in billions, and within days Amazon blocked it from shopping on Amazon.com. Michael, Liam and Brian on why autonomous agents will need a settlement unit, and why that is the clearest path yet to Bitcoin becoming ordinary money.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of...

The Fed just hiked for the first time since 2023, and Gary Brode's answer is that it changed nothing at all. Jackson sits down with the Deep Knowledge Investing founder on why the Fed is now irrelevant, and why he spent a month paying for lunch in Bitcoin.

Guest: Gary Brode, founder of http://deepknowledgeinvesting.com/ and a former long/short hedge fund manager

X: https://x.com/Gary_Brode

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Holding Bitcoin for decades raises two questions: who protects it, and how it...

The Clarity Act fell short in the Senate, and the banking lobby's fear of deposit flight looks like the real sticking point. Jackson, Michael and Brian cover why banks keep building anyway, the oil shock squeezing consumers, and Strategy's STRC buybacks.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak with our team to...

Anthropic's Dario Amodei says AI labs must pace the frontier. Is it safety, or cost control ahead of an IPO? With Cam Stromme sitting in for Michael, four stories on the clock: that slowdown call, a Fed hike priced in with the 10-year above 5%, foreign money picking US stocks over Treasuries, and the bank deposit fight inside the CLARITY Act. Where's the signal, and where's the noise?

OPEN A FREE ONRAMP FINANCE ACCOUNT

One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed...

New Clarity Act text dropped overnight ahead of a Senate vote on September 15, with the ethics sunset deleted and the ban broadened. Michael, Liam and Brian on why the institutional money is still on the sidelines waiting to see whether the United States fully commits.

BOOK A CONSULTATION

Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd's of London. Speak...

Connect with Early Riders — https://www.earlyriders.com/contact

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Presented collaboratively by Early Riders & Onramp Media…

Final Settlement Interview Series: a one on one interview series hosted by Liam Nelson, Partner at Early Riders. One guest, and a deep conversation on the deals, the capital and the technology moving through bitcoin, so you can hear how the people actually doing the work think about where the future is going.

Liam sits down with Alfonso Gómez-Jordana, co-founder and CTO of...

First Principles: self custody is a skill you practice, not a device you buy. Tyler Campbell, product manager at Unchained and one of the most experienced multisig onboarders in bitcoin, joins Cam Stromme to rebuild custody as a habit rather than a purchase. The through line is the one they both keep coming back to: find your single points of failure, and then go use your keys before the day you have to.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

An ex-OpenAI and Anthropic researcher says there is over a 10% chance AI ends humanity within the decade, and his warning has already pulled in 150 million impressions online. Jackson Mikalic, Michael Tanguma, Liam Nelson, and Brian Cubellis put four stories on the clock: Donald Trump promising $5,000 to every US adult if Republicans hold the midterms, Treasury Secretary Scott Bessent saying nothing else matters if China wins the AI race, the 10-year Treasury yield near a 19-year high as the Treasury triples its bond buybacks, and a lightning round on OpenAI's contested 10,000-agent math proof. Where's the signal, and where's the...

The Last Trade: Scott Bessent told yen traders "I am the house now," and one day later the Treasury lifted its buyback program to $6 billion a day while the ten year yield hit fresh highs anyway. Jackson, Michael, and Brian break down what it means when intervention stops moving the tape, why a yen carry trade unwind is the tail risk nobody is pricing, and how Norway's $2.3 trillion fund cutting government bonds fits the same story.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, end...

Connect with Early Riders — https://www.earlyriders.com/contact

Connect with Onramp — https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

Michael, Liam, and Brian open the first ever Final Settlement live stream on the Liquid Network exploit that drained roughly 4,000 Bitcoin, about $320 million, after the attacker inflated the supply of LBTC and pegged out against reserves the sidechain did not have. They get into hot keys a...

OpenAI just declared that AGI has arrived, launching GPT-6 Astra five days ago with materials calling it the start of the "AGI era." Jackson Mikalic, Michael Tanguma, Liam Nelson, and Brian Cubellis put four stories on the clock: what GPT-6 Astra means for jobs and the labor market, Norway's $2.3 trillion sovereign wealth fund proposing to cut its US Treasury holdings while institutional money managers rebuild gold positions, the demographic milestone of people over 65 now outnumbering children under five worldwide for the first time in recorded history, and a housing market where sellers can't sell and buyers can't get help...

The Last Trade: government bond yields are blowing out across the developed world, Japan's 10-year hit 3% for the first time since 1996, and the Treasury's buyback program has already been overrun. Jackson, Michael, and Brian trace what a global bond rout means for hard assets, why $3.5 billion went into Bitcoin ETFs in August, and what it says that 21 of the largest banks just announced a joint dollar stablecoin.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

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Global bond yields just climbed to their highest level since 2008, with Japan's 10-year notes touching 3% for the first time since 1996, as traders price in a near seventy percent chance of a Fed rate hike this month. Jackson Mikalic, Michael Tanguma, Liam Nelson, and Brian Cubellis put four stories on the clock: the global bond selloff and a central banking system with no good options left, European Commission President Ursula von der Leyen's push to redirect ten trillion euros of household savings into EU companies, a Wall Street Journal piece on Americans melting down family heirlooms for cash, and South...

Connect with Early Riders — https://www.earlyriders.com/contact

Connect with Onramp — https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

Michael, Liam, and Brian open on BitGo acquiring NYDIG's institutional trading business for a reported $42.5 million, and on Russia's largest bank moving to accept Bitcoin, ETH, and USDT as loan collateral while forecasting $46 billion of regulated crypto exchange trading in year one. They get into why a...

The Last Trade: a $20 trillion carry trade sits underneath every market in the world, and when it unwinds, Bitcoin is what gets sold first. Jackson sits down with Roberto Rios, the macro analyst behind The Dollar Endgame, on Japan's $91 billion week defending the yen, the first time any major country has used the Fed's FEMA repo window to fund an intervention, and why Japan has roughly eight interventions left before the reserves run out.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

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First Principles: Parker Lewis, author of Gradually, Then Suddenly, joins Cam Stromme to rebuild Bitcoin custody from the ground up in the aftermath of the Coldcard exploit and the Trezor data leak. Four principles run through the hour: eliminate single points of failure, build fault tolerance, understand the difference between a custodian's keys and your account access, and separate adversarial risk from the mistakes you make yourself.

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🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.

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The Last Trade: Bitcoin just posted its second best week since February 2021, up about 24% from roughly 62,000 to a high near 80,000, and Brian calls it the biggest dollar magnitude move ever inside a three to five day span. Gold and Bitcoin ETFs pulled a combined $7 billion in a single week, a record for any five day period. Jackson, Michael, and Brian trace it back to the Treasury's bond buybacks and Stanley Druckenmiller's op-ed calling out his own former protege.

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Stanley Druckenmiller just used a Wall Street Journal op-ed to publicly break with his old friend and former Soros Fund Management colleague, Treasury Secretary Scott Bessent, over the Treasury's decision to more than double its bond buyback program. Jackson Mikalic, Michael Tanguma, Liam Nelson, and Brian Cubellis put four stories on the clock: Druckenmiller's "Let the Bond Market Speak" op-ed and what it means for the Fed's credibility, Bessent's own "Economic D-Day" sanctions warning to Chinese banks over Iranian oil, a trillion-dollar gold revaluation thesis gaining steam, and Apple's new $10,000 Mac Studio that can run frontier-level AI models with...

Connect with Early Riders — https://www.earlyriders.com/contact

Connect with Onramp — https://onrampbitcoin.com/contact-us/

Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

The Treasury doubled its bond buyback operation and Bitcoin ran from roughly $63,000 to $80,000 in a week. Michael, Liam, and Brian open on what Bessent actually did, why issuing at the front end to buy the long end is yield curve control without the name, and why go...

The Treasury just told markets not to trust their own eyes. Jackson Mikalic, Michael Tanguma, and Liam Nelson put four stories on the clock. They break down the US Treasury more than doubling its bond buyback program, from a $2 billion cap to a $4 billion floor, in an attempt to cap bond yields, only for 30-year yields to erase the intervention and climb back toward multi-decade highs within 24 hours, right after Treasury Secretary Bessent said the yields "do not reflect the underlying fundamentals." OpenAI has reportedly paused a round of frontier-model post-training over safety concerns, just as Alibaba's open-source Qwen...

The Last Trade: the US Treasury just doubled its long-dated debt buybacks, turning a $2B daily cap into a $4B daily floor, and long yields fell, gold jumped $100 an ounce, and Bitcoin ripped a five thousand dollar candle. Jackson, Michael, and Brian make the case that this is the opening move of yield curve control and the Bitcoin thesis playing out in real time. They also cover Citi confirming Bitcoin custody, the Trezor shipping breach, and why the flight into ETFs is the wrong lesson.

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The United States just crossed the $40 trillion debt milestone, and new Treasury data shows foreign buyers pulling back. Jackson Mikalic, Michael Tanguma, and Liam Nelson put four stories on the clock (Brian Cubellis is out this week). They break down Anthropic's revenue run rate climbing to $65 billion in July, about seven times where it was a year ago, against OpenAI's recently reported $40 billion, and what it means for the AI capex debate. A new company called Toka can hijack live camera feeds, Google just paid $10 million for Spirit Airlines' internal customer data, and a viral backlash against Flock's license-plate...