Why the US Government Needs $1M Bitcoin with Larry Lepard
The Last Trade 2/14/25
The Last Trade
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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, & Tim Kotzman. 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 – Welcoming Back Larry Lepard
02:32 – ‘The Big Print’ & Its Implications
10:02 – Inflation, Tariffs, & Chaos in Gold Markets
14:18 – Handicapping the Sovereign Debt Crisis
19:42 – Global Shifts in Currency & Trade Dynamics
28:48 – The Case for Bitcoin as Sound Money
30:33 – State-Level Bitcoin Adoption
33:08 – Balancing Gold & Bitcoin in Portfolios
39:58 – The Future of Wealth Preservation
41:40 – Bitcoin’s Uniquely Asymmetric Value Proposition
45:36 – Risks Across the Global Asset Landscape
57:52 – Understanding the Fed’s Reverse Repo Facility
01:02:56 – The Future of Interest Rates & Debt Management
01:09:31 – Counterparty Risks in Bitcoin Investments
01:18:47 – The Promise of Bitcoin & Sound Money
01:24:23 – Outro & Disclaimer