The Gold Math That Puts Bitcoin at $1 Million

Gold and silver just shed over a trillion dollars in a day as the 10-year yield hit a 19-year high, and the math on gold's $18 trillion run says Bitcoin could move faster than anyone expects. Also on the clock: OpenAI shelving GPT-6.1 Astra, Apollo's warning about an agentic bank run, and Ari Paul's hack allegations against Coinbase. Where's the signal, and where's the noise?

OPEN A FREE ONRAMP FINANCE ACCOUNT

One free account to buy Bitcoin, use the Onramp Terminal, and access the rest of Onramp: Bitcoin IRA, Bitcoin-backed loans, and Multi-Institution Custody. Recurring buys carry no Onramp trading fee. Active clients are eligible for Onramp-funded rewards up to 5%. Cash back on the Onramp Card converts to Bitcoin in one click. Takes a few minutes to open.

👉 https://go.onrampbitcoin.com/finance-svn-pod

GET ON THE LIST

Our research, event invites, and the week's Bitcoin news in one free email.

📩 https://go.onrampbitcoin.com/research-svn-pod

CHAPTERS

00:00 - Intro

00:25 - Topic 1 - OpenAI Shelves GPT-6.1 Astra as Anthropic Files for Its IPO

08:43 - Topic 2 - Gold and Silver Sell Off as the 10-Year Yield Hits a 19-Year High

16:28 - Topic 3 - Apollo's Torsten Slok Asks If AI Agents Could Trigger a Bank Run

23:27 - Topic 4 - BlockTower's Ari Paul Alleges Coinbase Hid Hack Losses

32:26 - Wrap-Up & Lightning Round: The Bitget Hack and Morgan Stanley's Digital Asset Lab

ABOUT THE SHOW

Signal vs Noise is a twice-weekly livestream and show unpacking the biggest stories across capital, markets, technology, and people, six minutes on the clock for each, with Jackson Mikalic, Michael Tanguma, Liam Nelson, and Brian Cubellis.

MORE FROM ONRAMP MEDIA

• The Last Trade, Final Settlement, and First Principles: https://www.youtube.com/@OnrampMedia

• Audio, every show: https://podcasts.apple.com/us/podcast/id1690709152 or search Onramp Bitcoin Media on Spotify

• News and data: https://onramp.media

Onramp does not provide financial, tax, or legal advice. Nothing here is a recommendation to buy or sell any asset. This episode is for entertainment purposes only.