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The Sovereign Shift: Bitcoin, Gold, & Nation-State Game Theory

Sep 26, 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 & Blake Killian Joins Onramp as CMO 03:20 — Blake’s Background and the Marketing Gap in Bitcoin 06:05 — Clarity, Education, and Overcoming Industry Noise 12:30 — Nation-State Adoption and Political Implications 25:10 — Tether’s $500B Play and Branding Power 36:30 — Treasury Companies, ETFs, and the Custody Conundrum 42:30 — Multi-Institution Custody and Cutting Through the Noise 46:24 — Gold’s Resurgence and Bitcoin as Hard Money 56:50 — China, Global Monetary Shifts, and Sound Money Allies 01:16:20 — Closing Thoughts, Outro, and Disclaimer

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