Trump Opens the Floodgates: 401K Bitcoin Supercycle
Aug 8, 2025
Onramp Bitcoin Dynasty Trust Services
Full deep dive report from Onramp
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 – Trump’s Executive Order on 401Ks and Bitcoin Access 03:30 – Private Equity, Retirement Plans, and Regulatory Implications 06:45 – ETF Access Constraints Across Major Banks and Wirehouses 09:20 – Impact of Passive Flows on Bitcoin Market Structure 13:30 – Debating the Future of Bitcoin Cycles and Sovereign Adoption 18:10 – Custodial Concentration and Systemic Risk Scenarios 21:45 – Macro Deterioration: Housing, Wages, and Regulatory Burdens 28:30 – Global Institutional Interest and Strategic Reserve Momentum 35:25 – Digital Asset Treasury Companies vs. Bitcoin Fundamentals 45:00 – Tether, Stablecoin Infrastructure, and Regulatory Trajectory 52:00 – Gold Revaluation, Real Yields, and the Cost of Capital 55:30 – Launching Onramp’s Bitcoin Dynasty Trust Services 01:05:45 – Closing Reflections, Outro, and Disclaimer