The Great Wealth Divide: Why Bitcoin & Gold Are Replacing Bonds
Oct 3, 2025
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 to Tyler Neville 03:56 — Wartime Finance: Acronym Rescue Playbook 12:17 — 60/40’s Sunset: A Generational Shift 21:29 — Saving vs. Investing in a Debasing World 31:45 — Future of Money: Bitcoin vs. Fiat Rails 35:42 — Bitcoin as SoV; Treasury Cos—Bridge or Blowup? 42:35 — ETFs & Access: Gatekeepers, Flows, Plumbing 01:02:20 — Gold & Bitcoin Gain Share in Reserves 01:07:54 — Reserve Flip: Gold vs. U.S. Treasuries 01:13:56 — Sound Assets & Resilience 01:23:44 — Wrap-Up, Disclaimer, & Outro