Podcast
Onramp Bitcoin Media
Hosted by Onramp Bitcoin · EN
Onramp Bitcoin Media
Bitcoin-native insights on markets, investing, and the future of finance.
https://onrampbitcoin.com/
The Last Trade
Bitcoin meets macro.
Onramp Media’s flagship show covering markets, monetary policy, tech, and the shifting tides of global finance.
Final Settlement
Building on Bitcoin.
A biweekly dive into Bitcoin applications, protocol development, and early-stage venture—brought to you by Early Riders.
Scarce Assets
Bitcoin for professionals.
Conversations with allocators and finance pros on portfolio strategy, hard money, and the rise of digital scarcity.
34episodes
Episodes
Newest firstAll episodes
The Clarity Act Isn't Priced In: BNY, Morgan Stanley, & the End of Coinbase's Moat
2d ago01:02:08Summary readyConnect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.This week Liam, Brian, and Michael cover Coinbase's recent earnings report, the degradation of their competitive moat, the American Banking Association's panic due to the Clarity act, the implications of Circle's new token, and the significant moves made by institutions like BNY Mellon and Kraken.Chapters00:00 - Coinbase's Earnings & Layoffs02:59 - Market Position & Competition06:11 - The Future of Coinbase & Leadership Challenges09:03 - Circle's New Token & Coinbase Relationship12:10 - The Clarity Act & Stablecoin Regulations14:53 - The Role of Traditional Banks in Crypto18:11 - Tokenized Securities & Market Innovations33:17 - Tokenization & Financial Evolution39:35 - Institutional Moves in Crypto Custody42:50 - Kraken's Strategic Acquisition47:54 - The Future of Crypto Funds51:09 - Emerging Financial Products & AI IntegrationIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/
Summary
Saylor's Sell Signal, Morgan Stanley, & Coinbase Just Cracked | Joe Consorti
1w ago01:00:07Summary readyThe Last Trade: Joe Consorti joins to break down the bond market forcing Trump's hand on Iran, Morgan Stanley' launches spot trading, Coinbase's 14% layoffs, Saylor's signal on potentially selling BTC, Polymarket's casino dynamics, and why the math doesn't math anymore.--- 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.👉 Onramp Finance: https://onrampbitcoin.com/finance👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis📩 Schedule a consultation: https://onrampbitcoin.com/consultThe 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 EpisodeJoe Consorti, Head of Growth at Horizon, joins to discuss why every time the 10-year approaches 4.5%, peace talk rhetoric magically appears from the administration. The bond market is calling the shots, not the Fed. With WTI near $100, 70% of US farmers unable to afford fertilizer, and Warsh teeing up trimmed-mean PCE to justify cuts into inflation, the math doesn't math anymore. Plus Morgan Stanley's 50bps spot Bitcoin trade undercutting Schwab, Coinbase's 14% layoffs and the custody concentration problem nobody's pricing, Saylor's earnings-call signal on potentially selling Bitcoin to fund the STRC dividend, and why Polymarket's 67%-to-the-0.1% dynamic is a casino dressed as a market.🧠 Chapters00:00 — Welcoming Joe Consorti03:37 — The Bond Market Is Calling The Shots06:49 — Oil, Fertilizer & The Limits Of Jawboning12:04 — Warsh, Trimmed Mean & The Coming Cut14:14 — Why Bitcoin Doesn't Need A Catalyst20:11 — Morgan Stanley Spot BTC Trading22:27 — Custody As The Real Differentiator33:37 — Coinbase Layoffs & The 10% Problem36:13 — Everything To Everyone Is Nothing45:45 — Polymarket, Kalshi & The Casino Era55:33 — Saylor's Signal On Selling Bitcoin59:00 — Last Takes & Where To Find Joe💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets
Summary
Stablecoins Are the Most Bullish Bitcoin Catalyst Ever
1w ago00:59:59Summary readyConnect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media...Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.Chapters00:00 - Introduction and Market Overview03:09 - The Clarity Act and Its Implications06:05 - Stablecoins: The Future of Financial Transactions09:10 - Stripe's Major Announcements and Acquisitions11:50 - Agentic Commerce and Payment Innovations14:54 - Comparing Stripe and Lightspark's Approaches18:08 - Liquidity Solutions and the Future of Stablecoins28:18 - The Evolution of Digital Money and Bitcoin Adoption31:13 - Stablecoins: The Future of Bitcoin Liquidity34:12 - Custody Challenges in the Digital Asset Space40:33 - Innovations in Bitcoin Wallets and Payment Solutions47:06 - The Rise of Bitcoin-Backed Financial Products53:24 - Mergers and Acquisitions in the Bitcoin EcosystemIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Links:https://x.com/lightspark/status/2049888918599065885?s=20https://x.com/lightspark/status/2049191114641739787?s=20https://archive.ph/E8AL6https://block.xyz/inside/block-launches-bitkey-wallet-with-screen-automatic-bitcoin-earning-on-cash-app-and-proof-of-reserveshttps://bitcoinmagazine.com/news/aven-launches-bitcoin-backed-visa-card?utm_source=chatgpt.comhttps://tether.io/news/tether-investments-proposes-merger-plans-at-twenty-one-capital-to-accelerate-its-strategic-direction/
Summary
AI Deflation Is the Fed's Excuse to Print Trillions | THE ₿ROADCAST EP. 29
2w ago01:04:35Summary readyIn Episode 29 of The ₿roadcast, Bram Kanstein, Michael Tanguma, and special guest Joe Consorti break down the most important Bitcoin and macro developments from the past few weeks.00:00 - Intro & Welcoming Joe Consorti00:33 - Powell Leaves the Fed in Chaos07:30 - AI Deflation & the Fed-Treasury Trap12:22 - Bitcoin as Outside Money16:02 - Czech National Bank & Sovereign Game Theory26:29 - ARMA, Gold Sales & the Mar-a-Lago Setup31:13 - Wall Street Packing Their Bags34:39 - The Stretch Debate42:52 - Iran, $120 Oil & the Wrong Fed Call44:59 - The Lag: Sovereigns, Stripe & Agentic Payments57:39 - Save in Bitcoin, Spend in DollarsThe ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET.
Summary
Why Wall Street is Quietly Fueling Bitcoin's Most Hated Rally
2w ago01:01:24Tap to summarizeThe Last Trade: Jackson, Michael, and Brian break down PTJ's bitcoin conviction, equities at 252% of GDP, TradFi's gold underweight, Sztorc's "eCash" fork, the Strategic Bitcoin Reserve tease, & why custody governance rights matter.--- 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.👉 Onramp Finance: https://onrampbitcoin.com/finance👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis📩 Schedule a consultation: https://onrampbitcoin.com/consultThe 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 EpisodeRecord onboardings for Onramp Finance, with Genesis spots still open (code TLT for additional sats). PTJ reaffirms his bitcoin thesis on Invest Like the Best while the macro setup for hard assets sharpens: equities at 252% of GDP, all-time-high equity allocations, and B of A private clients at just 0.4% gold. Plus Witt's reserve announcement tease, Sztorc's proposal to fork bitcoin and redistribute Satoshi's coins, and why governance rights at ETFs, DATs, and centralized custodians may prove decisive.🧠 Chapters00:00 — Genesis & Onboarding Momentum04:01 — PTJ on Bitcoin: Finite Scarcity11:22 — Equities at 252% of GDP16:30 — Gold's Merit & Severe Underweight22:50 — Citi's Balanced Bitcoin Thesis26:40 — Lepard, Trimmed Mean Inflation & Warsh30:25 — Strategic Bitcoin Reserve Tease38:30 — Bitcoin Conference Signal & Noise42:30 — Sztorc's "eCash" Fork46:20 — Governance Rights at ETFs & DATs49:30 — Deutsche Bank's "Return of History"57:30 — Last Takes & Disclaimers💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets
Transcribe →
Blocksize War II: Quantum & The Battle Over Satoshi's Coins
2w ago01:02:40Tap to summarizeConnect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.This week Liam, Brian, and Michael cover the latest developments in digital assets, DeFi, and macroeconomic trends. The hosts analyze recent events like tether freezes, DeFi exploits, and India's CBDC pilots, providing insights into the evolving landscape of digital finance.Chapters05:00 - The Role of Tether in Global Finance08:10 - Decentralization vs Centralization in Crypto11:01 - The Fragility of DeFi and Recent Exploits17:20 - The Impact of AI on Employment22:39 - Economic Conditions and Corporate Layoffs31:28 - Digital Asset Roundup: Trends and Innovations37:28 - The Role of Stablecoins in Transactions43:09 - Integrating Bitcoin Payments in India47:19 - AI Investments and the Future of Tech Funding52:51 - Democratizing Access to Private Companies58:43 - The Debate on Freezing Coins and Market DynamicsIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/
Transcribe →Bitcoin, AI, and the Credit Air Pocket with Michael Tanguma
2w ago01:14:11Tap to summarizeOriginally aired on Joe Consorti's "Over the Horizon" podcast.Watch the full episode on Joe's channel.Michael Tanguma joins Joe Consorti to break down the launch of Onramp Finance, the macro setup heading into the next leg of Bitcoin's run, and why custody remains the most underappreciated risk in the entire digital asset stack. The conversation covers the institutional groundwork being laid across Wall Street, the case against digital credit products marketed to retail, and how AI plus Bitcoin are converging into the most asymmetric business opportunity of this cycle.Over the Horizon: https://www.youtube.com/@JoinHorizonJoe Consorti on X: https://x.com/JoeConsortiMichael Tanguma on X: https://x.com/MTangumaOnramp Finance: https://onrampbitcoin.com/finance00:00 — What's behind the rally04:17 — Institutional groundwork falling into place11:31 — ETFs as the on-ramp to MIC15:30 — Why custody is existential for Bitcoin19:36 — How MIC works24:47 — Announcing Onramp Finance33:45 — Why everyone is converging on this architecture44:44 — Stretch and the digital credit problem53:26 — The custody question nobody asks about DATs55:05 — AI, credit air pockets, and the Treasury market1:06:08 — Bitcoin + AI as the asymmetric opportunity1:12:19 — Closing thoughtsTopics CoveredThe macro setup heading into the back half of 2026, including Morgan Stanley's MSBT launch, Charles Schwab opening Bitcoin trading, Goldman's premium income ETF as a trial balloon, the Iran conflict's impact on commodity settlement, and Hank Paulson's call for a Treasury demand backstop.The Onramp Finance launch — a unified platform combining a cash-earning account paying up to 5%, the lowest-cost Bitcoin brokerage, an earn card with up to 1.5% rewards, IRAs, lending, and spot gold exposure through Argo with optional physical delivery from the Royal Canadian Mint. Built on Stripe-powered settlement infrastructure, with the Genesis founding cohort capped at 210 members.Why multi-institution custody is the inevitable end state for serious Bitcoin holders, the limits of single-custodian ETF structures, and the case that DATs holding billions across three custodians without addressing custody-layer risk are building on a faulty premise.A direct take on Stretch and the digital credit category — why retail-driven preferreds priced at marginal spreads over real inflation are not compensating holders for the risk being taken.The convergence of Bitcoin and AI as the two defining technologies of the next decade, and why bootstrapped Bitcoin-denominated businesses leveraging AI tooling have the structural advantage over fiat-funded incumbents carrying bureaucratic overhead.
Transcribe →
Why Bitcoin Will Outperform Every Asset for the Next Decade
3w ago01:04:00Tap to summarizeThe 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.--- 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.👉 Onramp Finance: https://onrampbitcoin.com/finance👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis📩 Schedule a consultation: https://onrampbitcoin.com/consultThe 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 EpisodeOnramp 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.🧠 Chapters00:00 — A Big Week for Onramp03:04 — Why We Built Onramp Finance07:00 — The Private Banking Experience, Centered on Bitcoin10:33 — Meeting the Market Where It's At16:53 — Genesis Program: 210 Spots, Use Code TLT21:04 — Admiral Paparo: "Bitcoin Is a Reality"27:09 — Gold, Multipolarity & Geopolitical Nukes34:17 — Bitcoin: King of Safe-Haven Assets39:20 — Reducing Variables in a Chaotic World43:36 — Warsh, Powell & the Fed's Impossible Position50:28 — ETF Flows & European Banks Losing Customers54:56 — OP_Next: BlackRock, Coinbase, Anchorage Want In1:02:44 — Last Takes & Disclaimers💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets
Transcribe →
Onramp Finance, Schwab, Morgan Stanley — Who Wins?
3w ago01:03:41Tap to summarizeConnect with Early Riders // Connect with OnrampPresented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.Chapters00:00 - Big Announcement: Onramp Finance03:55 - Bridging Bitcoin and Traditional Finance10:14 - The Future of Financial Services15:27 - Convergence of TradFi and Bitcoin Services17:56 - Introducing the Genesis Program28:05 - DeFi Hacks and Security Concerns33:31 - The Security Landscape of AI and Blockchain35:51 - Traditional Finance's Entry into Crypto39:07 - Institutional Adoption and Market Sentiment47:20 - Kraken's IPO Journey and Market Dynamics58:24 - Innovations in Financial Services and User ExperienceIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Keep up with Michael:https://x.com/MTangumahttps://www.linkedin.com/in/mtanguma/Keep up with Liam:https://x.com/Lnelson_21https://www.linkedin.com/in/liam-nelson1/Keep up with Brian:https://x.com/BackslashBTChttps://www.linkedin.com/in/brian-cubellis-00b1a660/Links Discussed:https://onrampbitcoin.com/financehttps://x.com/Jeremybtc/status/2045588919362990431?s=20https://x.com/waleswoosh/status/2046147450394890680?s=20https://x.com/tatie_bree/status/2045972538606415992?s=20https://bitcoinmagazine.com/news/kraken-reportedly-confirms-ipo-filinghttps://blog.kraken.com/news/payward-acquires-bitnomialhttps://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Announces-Details-of-Spot-Crypto-Trading-Launch/default.aspxhttps://www.theblock.co/post/397764/morgan-stanley-amy-oldenburg-crypto-daily-business-operations-across-firm?utm_source=telegram1&utm_medium=socialhttps://finance.yahoo.com/markets/crypto/articles/bitcoin-meets-income-goldman-sachs-013104679.htmlhttps://tether.io/news/tether-launches-tether-wallet-the-peoples-wallet-extending-its-global-financial-infrastructure-directly-to-billions-of-users-left-behind-by-the-traditional-financial-system/https://fortune.com/2026/04/14/anthropic-mythos-reveals-security-gap-ai-finds-flaws-far-faster-than-companies-can-patch-them/
Transcribe →
They're Coming for Satoshi's Coins | THE ₿ROADCAST EP. 28
4w ago01:22:15Tap to summarizeIn Episode 28 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and Michael Tanguma break down the most important Bitcoin and macro developments from the past few weeks.00:00 - Where Are the Bitcoin Servers Located?10:38 - Goldman Joins the Bitcoin ETF Game14:23 - Retail Is Driving This, Not Institutions25:28 - The Centralization Problem Nobody Wants to Talk About28:14 - Quantum Panic & BIP-36136:00 - The Hard Fork Final Boss43:35 - Bitcoin for Enemies: Iran & the Strait of Hormuz55:00 - MIC Is How Oil Gets Paid For56:00 - Anthropic, Intelligence & Energy-Backed Money01:01:17 - Fiat Debasement Is Mathematically Assured01:03:24 - The Supply Shock Conversation01:07:30 - The 21M Cap Is Binary01:12:06 - Is Destroying Civilization Upside or Downside Risk?01:14:24 - Tether's Unified Wallet01:17:06 - America's Forgotten War on Central Banks01:22:10 - The Money Failed, Not the DemocracyThe ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET.
Transcribe →