True Bitcoin vs. Captured Bitcoin

This episode draws a line between Bitcoin held directly by people in self-custody and Bitcoin wrapped inside the legacy financial system through ETFs, treasury companies, and Wall Street products. It names the integration phase Bitcoin has now entered, why that phase was always going to happen, and the structural collision that emerges when a fixed supply money sits beneath a debt-based system that must keep expanding forever.

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This episode is 1 hour and 17 minutes long.

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This episode was published on June 9, 2026.

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