What happens when rebel money becomes institutional money? In this episode, David sits down with Bitcoin OG Dan Held to ask whether Bitcoin is actually going according to plan. They unpack Bitcoin’s cypherpunk origins, the rise of ETFs and corporate treasuries, Michael Saylor’s influence, Bitcoin’s missed scaling opportunities, privacy tradeoffs, quantum risk, the Satoshi mystery, and why Dan thinks Bitcoin can still flip gold.

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TIMESTAMPS

0:00 Is Bitcoin Going According to Plan?
2:39 Bitcoin’s Culture Changed, But Did the Code?
9:06 From Magic Internet Money to Digital Gold
15:08 Michael Saylor, Strategy and Concentration Risk
20:08 Is Bitcoin Becoming Too US-Coded?
24:12 Did Bitcoin Miss Its Scaling Moment?
29:42 Privacy, Cash and Bitcoin’s Tradeoffs
32:15 Satoshi’s Design Choices
37:50 BIPs, Quantum Risk and Bitcoin Upgrades
41:35 How Urgent Is Quantum?
44:14 The Satoshi Mystery
47:38 Bitcoin’s Next Phase of Adoption
49:23 Will Bitcoin Flip Gold?
53:11 Being Early Looks Crazy

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RESOURCES

Dan Held
https://x.com/danheld

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Not financial or tax advice. See our investment disclosures here:
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