What Bitcoin Did

“The things they need to do to bring inflation down are just too painful for them.”

Andy Constan returns to discuss why he thinks politicians will keep running large deficits, how inflation can shift the cost of America’s debt onto savers and future generations, and why that creates a bull case for Bitcoin.

We also get into how institutions decide whether to own Bitcoin, why its volatility and weak correlation with gold keep Andy on the sidelines, and whether a US debt collapse is inevitable. Andy explains why bonds look more attractive to him today, what it would take to bring inflation down, and whether AI could change America’s debt outlook.

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“You don’t need inflation for anything whatsoever. It’s essentially a counterfeiting cartel.”

Peter St Onge returns to discuss why he believes 2% inflation is a scam, how central banks transfer wealth from savers to governments and Wall Street, and why technological progress should be making life cheaper.

We also get into Austrian economics, his argument that the Fed causes the recessions it then tries to fix, and America’s growing debt problem. Peter explains why he thinks the AI bubble still has room to run, how he uses Bitcoin as a place to park profits, and what could bring money back from AI into Bitcoin.

THANKS TO OUR SPONSORS:

LEDN - Explore Bitcoin-backed loans and get 0.25% off your first loan.

SWAN - Buy Bitcoin, Build Wealth. Discover Swan’s Bitcoin products for individuals and businesses.

ANCHORWATCH - Insured Bitcoin custody, security & inheritance. Book a consultation:

BITKEY - Get 10% off the new Bitkey wallet with code WBD.

CAPE - Get 33% off your first six months with code WBD.

FOLLOW:

Danny Knowles: https://x.com/\_DannyKnowles

Peter St Onge: https://x.com/profstonge

“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.

THANKS TO OUR SPONSORS:

LEDN - Explore Bitcoin-backed loans and get 0.25% off your first loan.

SWAN - Buy Bitcoin, Build Wealth. Discover Swan’s Bitcoin products for individuals and businesses.

ANCHORWATCH - Insured Bitcoin custody, security & inheritance. Book a consultation:

BITKEY - Get 10% off the new Bitkey wallet with code WBD.

CAPE - Get 33% off your first six months with code WBD.

FOLLOW:

Danny Knowles: https://x.com/_DannyKnowles

Erik Cason: https://x.com/Erikcason

"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.

THANKS TO OUR SPONSORS:

LEDN - Explore Bitcoin-backed loans and get 0.25% off your first loan.

SWAN - Buy Bitcoin, Build Wealth. Discover Swan’s Bitcoin products for individuals and businesses.

ANCHORWATCH - Insured Bitcoin custody, security & inheritance. Book a consultation:

BITKEY - Get 10% off the new Bitkey wallet with code WBD.

CAPE - Get 33% off your first six months with code WBD.

FOLLOW:

Danny Knowles: https://x.com/_DannyKnowles

Jameson Lopp: https://x.com/lopp

Jameson Get's Swatted: https://www.youtube.com/watch?v=yCWJY8olZHU

“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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THANKS TO OUR SPONSORS:

LEDN - Explore Bitcoin-backed loans and get 0.25% off your first loan.

SWAN - Buy Bitcoin, Build Wealth. Discover Swan’s Bitcoin products for individuals and businesses.

ANCHORWATCH - Insured Bitcoin custody, security & inheritance. Book a consultation:

BITKEY - Get 10% off the new Bitkey wallet with code WBD.

CAPE - Get 33% off your first six months with code WBD.

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FOLLOW:

Danny Knowles: https://x.com/_DannyKnowles

Jeff Ross: https://x.com/FormerDrJeff