PART 1

Simon Dixon returns for his fourth appearance to discuss why Bitcoin self-custody feels under siege. We cover the Coldcard vulnerability and the Ledger supply chain attack, whether they are opportunistic hacks or something more deliberate.

We also get into European crypto tax moves, China’s role in Bitcoin mining and the shift of miners into AI data centers, and what Bitcoin can learn from China’s governance model.

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Willy Woo, one of Bitcoin's best-known on-chain analysts, joins the show for his fourth appearance. He explains how he identified the market bottom, why the four-year cycle may no longer hold, and why quantum risk is shaping how he will hold Bitcoin from here.

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Jeff Park explains why the Strategic Bitcoin Reserve has stalled, who really benefits from Trump Accounts, and what rising yields and the AI build out mean for Bitcoin. We also get into where the next wave of buyers could come from, and why Jeff thinks AI agents will need crypto.

This is not investment advice. Jeff's views are his own and do not represent his employer.

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A teenager built Bitcoinica, one of the first Bitcoin margin exchanges, only to see it collapse after massive hacks and the loss of tens of thousands of BTC.

Archie and The Bitcoin Historian, Pete Rizzo, explains how Bitcoinica pioneered Bitcoin derivatives, the mysterious investors and developers who became involved, and how the fallout helped shape the more mature exchanges we use today.

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Alex Waltz is a Bitcoin OG, former OTC trader, and filmmaker behind the documentary "What Everyone Knows About Bitcoin's Launch Is Wrong". Talking through his year-long forensic investigation into Bitcoin's earliest days, debunking the Hal Finney "first node" myth, the Patoshi pattern, and estimating how much BTC Satoshi actually mined. Concluding with Alex's upcoming short film.

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Is the US dollar actually getting stronger as the global financial system breaks down?

Brent Johnson explores the Dollar Milkshake Theory, rising global debt, gold, stablecoins, and why countries may be trapped inside the dollar system despite wanting to escape it.

⚠️ The dollar may not collapse from weakness, it could become stronger as the rest of the world runs out of alternatives.

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Is Bitcoin on its next major breakout?Jeff Ross explores why Bitcoin may be nearing the end of its current bottom, how the AI boom is competing for capital, and what could trigger the next major wave of liquidity into Bitcoin. Jeff explains what he believes needs to happen before Bitcoin can really take off.

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Is Bitcoin’s bear market finally running out of sellers?

Andre Dragosch,of Bitwise' explores why Bitcoin has become increasingly resilient despite worsening macro conditions, and what an AI bubble, tighter liquidity, and falling institutional flows could mean for the next move. As Bitcoin shows signs of sell exhaustion, Andre explains why he believes it may have already priced in the bad news.

⚠️ Bitcoin may be closer to a bottom than the market realises.

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