Why Wall Street is Quietly Fueling Bitcoin's Most Hated Rally

The Last Trade: Jackson, Michael, and Brian break down PTJ's bitcoin conviction, equities at 252% of GDP, TradFi's gold underweight, Sztorc's "eCash" fork, the Strategic Bitcoin Reserve tease, & why custody governance rights matter.--- 🔸 Connect with Onramp: The leader in resilient, fault-tolerant Multi-Institution Custody for secure, enduring bitcoin ownership.👉 Onramp Finance: https://onrampbitcoin.com/finance👉 Sign up for Genesis: https://onrampbitcoin.com/finance#genesis📩 Schedule a consultation: https://onrampbitcoin.com/consultThe 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.🎙️ About This EpisodeRecord onboardings for Onramp Finance, with Genesis spots still open (code TLT for additional sats). PTJ reaffirms his bitcoin thesis on Invest Like the Best while the macro setup for hard assets sharpens: equities at 252% of GDP, all-time-high equity allocations, and B of A private clients at just 0.4% gold. Plus Witt's reserve announcement tease, Sztorc's proposal to fork bitcoin and redistribute Satoshi's coins, and why governance rights at ETFs, DATs, and centralized custodians may prove decisive.🧠 Chapters00:00 — Genesis & Onboarding Momentum04:01 — PTJ on Bitcoin: Finite Scarcity11:22 — Equities at 252% of GDP16:30 — Gold's Merit & Severe Underweight22:50 — Citi's Balanced Bitcoin Thesis26:40 — Lepard, Trimmed Mean Inflation & Warsh30:25 — Strategic Bitcoin Reserve Tease38:30 — Bitcoin Conference Signal & Noise42:30 — Sztorc's "eCash" Fork46:20 — Governance Rights at ETFs & DATs49:30 — Deutsche Bank's "Return of History"57:30 — Last Takes & Disclaimers💡 Subscribe & Stay AheadGet Onramp’s weekly Research & Analysis:High-signal insights in bitcoin, macro, and custody.📩 https://onrampbitcoin.com/researchSubscribe to Onramp Media for more:🎧 The Last Trade | Final Settlement | Scarce Assets