Warren Buffett Just Admitted What Bitcoiners Already Know
April 2, 2026
On this episode of The Last Trade, a show from Onramp Media, hosts Jackson Mikalic, Michael Tanguma, and Brian Cubellis discuss Google's quantum AI whitepaper and how bitcoin's conservative development process handles it, the Strait of Hormuz supply picture, Oracle's reported 30,000-person layoff, bear markets across most of the Mag Seven, reported Warren Buffett remarks on a 0% inflation target, and how grocery prices compare with official CPI.
The Last Trade, a show from Onramp Media, hosted by Jackson Mikalic, Michael Tanguma, and Brian Cubellis. The hosts break down Google's quantum AI whitepaper and bitcoin's conservative development ethos, the Strait of Hormuz supply picture, Oracle's reported 30,000-person layoff, bear markets across most of the Mag Seven, reported Warren Buffett remarks on the inflation target, and grocery prices versus CPI. The Last Trade is editorial commentary from Onramp Media and is not investment advice.
Chapters
00:00 - Google Quantum Whitepaper Breakdown 06:08 - Soft Forks, Migration Paths & Why Haste Is Risk 07:29 - Incentives & the Conflict of Interest Question 13:30 - Hormuz: Binary Outcome, Global Consequences 15:36 - JP Morgan Supply Map & the April 15th Cliff 19:29 - COVID Parallels & the Coordination Pattern 23:15 - Market Signals & Trump's Shifting Timeline 26:09 - Abundance Ending, Counterparty Risk Rising 28:18 - The Hosts on the CNBC 'Turmoil' Indicator 31:05 - Oracle's Reported 30,000 Layoffs: AI or ZIRP Hangover 36:42 - Mag Seven Bear Markets: Signal or Noise 41:44 - Buffett's Reported Call for a 0% Inflation Target 46:49 - Ground Beef at $7: The Real CPI 50:50 - Speculation vs. Wealth Preservation 54:33 - Golf Courses vs. Data Centers & Last Takes
Frequently Asked Questions
What does this episode say about the Google quantum whitepaper and bitcoin?
The hosts open with a breakdown of the Google quantum whitepaper (00:00), then discuss soft forks, migration paths and why haste is its own risk (06:08), and the incentives and conflict-of-interest questions behind the loudest commentary (07:29). Their read is that bitcoin's conservative development ethos is a feature. This is the show's framing, not investment advice from Onramp.
What does the episode cover on the Strait of Hormuz and energy supply?
The conversation turns to the Strait of Hormuz and the binary nature of the outcome (13:30), a JP Morgan supply map the hosts cite showing US deliverables tightening by mid-April (15:36), parallels the hosts draw to COVID-era coordination (19:29), and market signals alongside a shifting policy timeline (23:15).
What does the episode say about Oracle's layoffs and the Mag Seven?
One segment covers the reported Oracle layoff of 30,000 employees and the hosts' debate over whether the driver is AI or a hangover from zero-rate policy (31:05). A following segment asks whether bear markets in six of the Mag Seven names are signal or noise (36:42). These are the hosts' interpretations, not investment advice from Onramp.
What does the episode say about Warren Buffett's reported comments on inflation?
The hosts discuss reporting that Warren Buffett called for a 0% inflation target rather than the Federal Reserve's 2% goal (41:44), and connect it to grocery prices such as ground beef as a check on official CPI (46:49). The commentary is attributed to that reporting; the hosts' conclusions are the show's framing, not investment advice from Onramp.
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.