2025 just delivered one of the fastest $2 trillion+ wipeouts in crypto history. Bitcoin gave back its entire YTD gain in six weeks, ETH bled harder, and countless founders watched 30-40% of their runway evaporate while they clung to the “digital gold” mantra.

For today's episode, I once again sat down with Patrick Wood, CEO of DelphX, to explore what would have happened if treasuries would had run even basic hedges (perpetual shorts, options, stablecoin rotation, or MSTR shorts) from the start of 2024, and where they would be sitting right now in dollars, BTC, and sanity? We run the numbers on real portfolios, expose the single dumbest mistake every crypto CFO repeated this cycle, and answer the question every founder is afraid to ask: "Did the hedgers actually end the year with more coins than the HODLers?"

The contrarian truths, and exact playbooks you need, so the next drawdown doesn’t nuke your company!

Perfect episode for founders, treasury managers, and anyone who’s tired of watching their balance sheet become a volatility pinata.

Check out Patrick here:
LinkedIn: https://www.linkedin.com/in/tormontgroup

More about DelphX, you'll find here:
Website: https://www.delphx.com
Twitter: https://x.com/DelphX_
LinkedIn: https://www.linkedin.com/company/delphx-capital-markets-inc

Buying Bitcoin with Relai takes 1 minute and if you use our code NOMAD21, your fees will be reduced by 0.5%! 😎
Download the app here: https://relai.me/download

Also, sign up for the Orange Pill App now!
https://signup.theorangepillapp.com/opa/satoshiiskingofbtc

The content of this channel & podcast is exclusively for general information & stories about Bitcoin. This information cannot and should not replace individual advice from qualified persons.

In this episode I had the pleasure of interviewing Schnuartz, a Bitcoin Security Enthusiast, Hardware Wallet Builder, Einundzwanzig Tutorial Guy, and President of the Specter Association.

Today, we dive into the DIY Specter hardware wallets – why building it yourself = ultimate privacy. How the big touchscreens makes it dead simple, and how a whole family can securely share it with smartcards.

Plus, crossing borders with Bitcoin on a smartcard (100% offline, fully legal) and cross-country multisig – a game-changer for perpetual travellers and multi-residence holders. No tutorials, just the juicy real-world stuff!

If you would like to know more about Schnuartz, then click on these links here:
Linktree: https://linktr.ee/schnuartz
Website: https://clavastack.com

More about Specter, you'll find here:
Website: https://specter.solutions/hardware
Twitter: https://x.com/SpecterDIY
LinkedIn: https://www.linkedin.com/company/specterwallet

Buying Bitcoin with Relai takes 1 minute and if you use our code NOMAD21, your fees will be reduced by 0.5%! 😎
Download the app here: https://relai.me/download

Also, sign up for the Orange Pill App now!
https://signup.theorangepillapp.com/opa/satoshiiskingofbtc

The content of this channel & podcast is exclusively for general information & stories about Bitcoin. This information cannot and should not replace individual advice from qualified persons.

In this episode, I sat down with Patrick Wood, CEO of DelphX, to explore how institutions can responsibly integrate Bitcoin into their balance sheets. Patrick unpacks the biggest hurdles for CFOs and boards—volatility and counterparty risk—and introduces DelphX’s groundbreaking solution: the first fully collateralised, institutional-grade Bitcoin treasury hedge, QCM. Join us for a deep dive into how DelphX is bridging Wall Street’s rigor with digital asset innovation, paving the way for institutional Bitcoin adoption.

Check out Patrick here:
LinkedIn: https://www.linkedin.com/in/tormontgroup

More about DelphX, you'll find here:
Website: https://www.delphx.com
Twitter: https://x.com/DelphX_
LinkedIn: https://www.linkedin.com/company/delphx-capital-markets-inc

Buying Bitcoin with Relai takes 1 minute and if you use our code NOMAD21, your fees will be reduced by 0.5%! 😎
Download the app here: https://relai.me/download

Also, sign up for the Orange Pill App now!
https://signup.theorangepillapp.com/opa/satoshiiskingofbtc

The content of this channel & podcast is exclusively for general information & stories about Bitcoin. This information cannot and should not replace individual advice from qualified persons.