
The Last Trade E061: The Great Deleveraging with Sam Callahan
About this episode
The Last Trade: a weekly, bitcoin native, interactive podcast covering where Bitcoin and traditional finance meet on a macro scale. Hosted by Jackson Mikalic, Jesse Myers (Croesus), Michael Tanguma, and a special weekly guest host.
Join us as we dive into what Bitcoin means for how individuals & institutions save, invest, and 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.
0:00 - Introduction to Sam Callahan
6:07 - A message from Onramp
6:51 - Yen carry trade & fragility of the financial system
19:21 - Challenges of fiscal & monetary policy
25:33 - Bitcoin's liquidity profile & superiority as an asset class
33:51 - The importance of understanding counterparty risk
43:22 - Onramp Multi-Institution Custody
44:50 - ETF risks & challenges faced by banks in holding bitcoin
51:26 - The growing trend of corporate treasury adoption
56:30 - Incentives & the future of bitcoin adoption
1:23:47 - Outro
The News Block from Sam Callahan:
https://thenewsblock.substack.com/
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