The 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 – Introduction & macro setup 03:41 – Gold & bitcoin lead the cycle 07:07 – Bretton Woods III & neutral reserves 11:56 – Gold’s role in global economics 17:13 – China, Russia & the gold paradox 21:53 – Bitcoin in the macro landscape 28:08 – Luke’s bitcoin & gold journey 36:34 – Institutional blind spots & adoption 44:13 – ETFs, stablecoins & purchasing power 47:28 – Trump era policy & course corrections 55:23 – Nationalization & U.S. industry 59:48 – AI, debt & the future of labor 01:04:18 – Gold & bitcoin as the future of money 01:18:23 – Outro & disclaimer