Are Bitcoin Treasuries the Next Big Thing or the Next Blowup? with Richard Byworth

Connect with Onramp // Onramp Terminal // Richard Byworth on X // Syz Capital // Bram Kanstein on XThe 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.00:00 - Welcoming Back Richard Byworth01:15 – Bitcoin as the Hurdle Rate07:37 – Rise of Bitcoin Treasury Companies09:34 – Strategy’s “21-21 Plan” & Market Reaction16:25 – Retail Participation & Counterparty Risk22:14 – Cultural Rift: Bitcoin Maxis vs TradFi Infiltration27:46 – Custody, Governance, and Hidden Risks30:10 – Geographic Arbitrage: Why the UK & Japan Are Hotbeds39:54 – Bitcoin as Mortgage Collateral: FHFA Policy Shift47:17 – Bitcoin’s Role in Recapitalizing Debt Markets50:02 – Why Bitcoin Isn’t $250K (Yet)54:31 – Patience, Conviction, and the Fiat Mind Virus58:10 – Are BTC Treasury Companies Just ICOs in Disguise?01:06:07 – ICO PTSD & the Need for Disciplined Diligence01:10:43 – Final Thoughts & BPI Summit Recap01:14:26 – Outro & DisclaimerPlease subscribe to Onramp Media channels and sign up for weekly Research & Analysis to get access to the best content in the ecosystem weekly.