BTC Sessions

Ben Perrin

Get your dose of Bitcoin with weekly news roundups and "Why Are We Bullish" panel shows featuring Bitcoiners from around the world!

  1. 52 min ago

    "If Our Entire Economy Depends On Data Centers, We Are F*cked" | Dave Collum

    Mentor Sessions Ep 099: Dave Collum on the AI bubble bursting, the bond market at 6%, boomer asset liquidation, and why gold and Bitcoin win as valuations regress. The AI bubble has the life expectancy of a soufflé, the 30-year Treasury is being drawn to 6% like a magnet, and Dave Collum thinks the whole thing reprices within a year. This is the macro conversation most people are too polite to have. In this episode, chemistry professor and macro commentator Dave Collum breaks down why the decades-long credit cycle is over, why the inverse correlation between gold and interest rates is about to break, and why boomer asset liquidation guarantees a repricing no dip-buyer can stop. You'll learn why he calls Jensen Huang's share buybacks a bell-ringing top, why he puts the AI capex build-out on a one-year clock, and why he thinks a rare double bear market in bonds AND equities is teeing up — the setup where 60/40 offers no protection. You'll also hear his contrarian take that AI will make the world worse without destroying civilization, plus his read on Warsh, the Fed, and why gold and Bitcoiners could be the ones left standing. ⏱️ Timestamps: 0:00 - Intro 0:50 - Gold Silver Recent Price Action 1:27 - End of the Long Credit Cycle 1:49 - Central Bankers Driving Rates to Zero 4:50 - Treasury Rates Pulled Toward Six Percent 6:32 - Seven Percent Mortgages Housing Trap 9:46 - Kevin Warsh Rate Hikes and Collapse 11:55 - Economy Needs Real Assets Not Data Centers 12:48 - Jensen Huang Nvidia Buyback Signal 14:17 - AI Threat to Civilization Examined 17:46 - Sneaky Behaviors Observed in AI 20:48 - Bitcoin Proof of Work Constrains AI 25:59 - Nuclear Risks Middle East Conflict 27:47 - Putin Iran Restraint in Geopolitics 40:52 - Israel Palestine Historical Context 45:11 - Iran Nuclear Strike Questions Raised 50:40 - Yen Carry Trade Stability Analysis 59:06 - Boomers Driving Boom and Bust 59:33 - Median Boomer Retirement Savings Shortfall 1:03:19 - Boomer Wealth Transfer Needs Repricing 1:08:08 - Lindsay Clancy Case Maternal Tracking 2:01:32 - System Collapse Worse Than Historical 2:03:16 - AI Bubble in Fifteenth Inning 2:04:31 - Market Regression Eighty Five Percent Drop 2:36:45 - Nasdaq Rollover Sudden Bid Support 2:39:15 - Gamma Squeeze Pushing Markets Higher 2:42:07 - Potential Correction Impact on Saylor 🔗 Links & Resources → Dave Collum on X: https://x.com/DavidBCollum If you want the macro conversations the rest of the space won't touch, this is the show. Subscribe for weekly Bitcoin and macro interviews, and drop your take on Collum's one-year AI clock in the comments. ⚡Previous Episode: Jack Mallers: https://youtu.be/LpwGHzUTQ7A 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ Sponsored by Trezor - Get Your Safe 7 Today: https://affil.trezor.io/aff_c?offer_id=352&aff_id=1088 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #MacroEconomics #BondMarket #BTCSessions #DaveCollum #AIbubble #EconomicBubble #TreasuryYields #CreditCycle #BoomerWealth #GeopoliticalRisk #GoldAndBitcoin #MarketCrash #6040Portfolio #SystemicCollapse

  2. 5 days ago

    Somebody Has To Eat The 40 Trillion Dollar Loss | Jack Mallers

    Mentor Sessions Ep 098: Jack Mallers explains monetizing chaos, dollar debasement, the ColdCard incident, El Salvador and why Bitcoin is the most American technology. Jack Mallers argues the entire fiat system forces everyone into speculation whether they know it or not — and Bitcoin is how you take the other side of the chaos. In a wide-ranging sit-down, the Strike CEO breaks down monetizing chaos, the $40 trillion debt bill nobody wants to foot, and why he's never been more bullish. You'll hear why Jack calls debt a form of "time travel" that already spent your future, how the dollar's world-reserve status structurally forces deficits, and why a severe debasement against gold and Bitcoin may be the only mathematical exit for the US balance sheet. You'll get his blunt read on the ColdCard incident and why "open source doesn't mean secure" in the age of AI — the most incentivized person to understand that code base was the attacker. You'll also learn why he thinks 2026 was never a real bull run, why prediction markets are just regulatory arbitrage on sports betting, and what El Salvador got right (and wrong) five years in. ⏱️ Timestamps: 0:00 - Intro 0:48 - Why Jack Is Bullish on Bitcoin 1:47 - Monetizing Chaos by Shorting Fiat 2:04 - Debt as Time Travel and Future Bills 4:43 - Why Public Adoption of Bitcoin Lags 5:17 - Strike Growing Despite Bear Market 6:21 - Why 2026 Was Not a Real Bull Run 7:52 - Why Younger Generations Resist Bitcoin 8:44 - Bitcoin as a Massive Wealth Transfer 11:26 - Savings Culture Versus Gambling Culture 13:07 - Gambling Ads, OnlyFans, and Robot Jobs 17:58 - Hunger for Savings Culture Emerging 18:10 - Family, Low Time Preference, and Bitcoin 21:43 - Robinhood, Meme Coins, and Marginal Speculators 24:23 - Prediction Markets as Sports Betting Arbitrage 26:52 - Why Self-Custody Efforts Often Fail 28:27 - El Salvador Bitcoin Adoption Wins and Losses 34:07 - Why Nations Avoid Copying El Salvador 38:06 - Bitcoin as America's Most American Tech 40:17 - Dollar's Structural Deficit Trap Explained 41:12 - China's Gold and Bitcoin Dollar Debasement 45:49 - Why Jack Glad Clarity Act Failed 47:53 - Fix: End World Reserve Currency Status 49:18 - Bitcoin Not Medium of Exchange First 55:20 - AI Threat to Open Source Security 57:33 - Open Source Alone Does Not Secure 1:02:09 - Just Use Bitcoin Core for Security 1:08:37 - Jack on Leaving Twenty One and Authenticity 1:14:47 - What Strike Is Building Now 1:20:04 - Closing Message to Bitcoiners Guest: Jack Mallers of Strike 🔗 Links & Resources: - Jack Mallers on X: https://x.com/jackmallers - Strike: https://strike.me ⚡Previous Episode: Zack Shapiro: https://youtu.be/iZ7e0hY0WL8 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ Sponsored by Trezor - Get Your Safe 7 Today: https://affil.trezor.io/aff_c?offer_id=352&aff_id=1088 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io If this conversation gave you a new way to see the macro picture, join the regulars — subscribe for more long-form Bitcoin interviews and reply with your take on "monetizing chaos." Catch the previous episode with James Lavish and Doomberg linked in the cards. #JackMallers #Bitcoin #BTCSessions #Strike #BTC #BitcoinMacro #DollarDebasement #MonetizingChaos #SoundMoney #BitcoinBearMarket #WorldReserveCurrency #PredictionMarkets #ElSalvadorBitcoin #Coldcard #OpenSourceSecurity #BitcoinCore #LightningNetwork #SelfCustody #TwentyOne

  3. 22 Sept

    "Four Horsemen Of The Diesel Apocalypse" Are Coming For Europe | Doomberg & Lavish

    Mentor Sessions Ep 097: James Lavish and Doomberg break down the 2026 bond market crisis, Europe's diesel shortage, private credit risk, and Bitcoin as a macro asset. Bond yields near 20-year highs, Europe staring down a diesel shortage, and private credit quietly marking its own books — the plumbing of the global financial system is under real strain, and this conversation maps exactly where the pressure is building. James Lavish and Doomberg join BTC Sessions to connect the dots between the bond market, energy, geopolitics, and Bitcoin. You'll learn why the 10-year yield sitting at ~5% signals a structural regime change rather than a passing inflation scare, how private equity and insurance companies are stuffed with self-marked paper that echoes 2007-2008, and why Doomberg calls Europe's diesel situation the "Four Horsemen of the Diesel Apocalypse." You'll see the case that energy — not currency — is the base layer of every market, why nations are now selling Treasuries to buy fuel, and where Bitcoin fits as the "hot ball of money" hunting for the next asymmetric bet. Both guests also share the disciplined, rules-based approach they use to allocate across gold, cash, and Bitcoin without trying to time the market. ⏱️ Timestamps: 0:00 - Intro 0:43 - Bond yields near 20-year highs and global yield melt-up 0:57 - Why the 10-year at 5% is a new regime, not a blip 3:28 - The death of the 60/40 portfolio 5:38 - Doomberg on Grant Williams, Luke Gromen and fiscal dominance 9:03 - Hyperscaler debt crowding out long-dated paper 10:16 - Echoes of 2007-2008 in private equity and insurance 12:19 - The Treasury default nobody will call a default 16:38 - How private credit marks its own book 20:16 - Every market has its own purpose and structure 25:26 - Trezor Safe 7 self-custody segment 29:55 - Money is a promissory note on energy 30:16 - Private credit, contagion and the mark-to-market catalyst 33:16 - Could real estate seize up the credit chain? 37:01 - Diesel, WTI and the Four Horsemen of the Diesel Apocalypse 42:43 - Why Europe is uniquely exposed 44:08 - Germany's nuclear mistake and the EU's fragility 47:47 - Why Germany may leave the EU 49:04 - Ukraine, Russia and the energy war 51:38 - Why bonds aren't seeing a flight to safety 53:23 - Bitcoin as the asset chucked overboard, now bid 57:03 - Doomberg's rules-based gold, cash and Bitcoin allocation 59:40 - Canada, Greenland, Carney and Trump theater 1:05:44 - Where to follow James Lavish 🔗 Links & Resources: • James Lavish on X: https://x.com/jameslavish • The Informationist newsletter:https://www.jameslavish.com/ • Doomberg on Substack: https://newsletter.doomberg.com/ ⚡Previous Episode: Zack Shapiro: https://youtu.be/iZ7e0hY0WL8 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ Sponsored by Trezor - Get Your Safe 7 Today: https://affil.trezor.io/aff_c?offer_id=352&aff_id=1088 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #Bitcoin #BTC #BTCSessions #JamesLavish #Doomberg #BondMarket #FiscalDominance #EnergyCrisis #PrivateCredit #DieselShortage #SoundMoney #InterestRates #Treasuries #MoneyPrinting #Europe

  4. 17 Sept

    Big Tech Gets AI. BlackRock Gets Bitcoin. You Get Prosecuted | Zack Shapiro

    Mentor Sessions Ep 096: Zack Shapiro explains AI existential risk, AI regulation, the Clarity Act, Samurai Wallet, and open source AI policy for Bitcoin. The Clarity Act just failed on the Senate floor, and the fight over whether writing Bitcoin code can be treated as a crime is now heading to 70-year-old federal judges. Zack Shapiro breaks down what that means for self-custody, open source software, and the Samurai Wallet developers still behind bars. In this conversation you'll learn why Zack separates AI existential risk (recursive self-improvement, the orthogonality thesis, instrumental convergence) from the ordinary risks of AI — job displacement, regulatory capture by frontier labs, and cyber attacks like the Cold Card hack. You'll see why he thinks open source AI is not the existential threat, why the Blockchain Regulatory Certainty Act (BRCA) matters more than most Bitcoiners realize, and how the 'two clocks' of AI capability vs enterprise adoption will define the next decade. You'll also get the legal reality behind white hat recovery of hacked Bitcoin, why the liquid hacker is in a bad spot, and what happened when the Clarity Act died on the vine. ⏱️ Timestamps: 0:00 - Intro 0:51 - Amodei, Musk and Altman urge AI slowdown 1:38 - Ordinary risks versus existential AI threats 2:26 - Politics warping the AI safety debate 3:20 - Bostrom, AGI and intelligence explosion risks 5:01 - Orthogonality thesis and instrumental convergence 5:59 - Hugging Face attack shows AI covering tracks 6:58 - No easy policy fixes for AI risks 8:08 - Can't stop AI progress or open source China 9:32 - Separating x-risk concerns from anti-AI populism 12:22 - Regulatory capture and Anthropic IPO timing 14:21 - Keeping open source AI legal and available 16:39 - Trezor self-custody sponsor read 17:43 - One shot parallel between Bitcoin and AI 19:37 - Where real AI productivity gains appear 20:47 - Two Clocks: capability versus enterprise adoption 24:22 - Is AI coming for your job? 25:28 - Electrification analogy and 30-year lag 28:34 - Jevons Paradox and future of work 30:42 - White hat recovery of Cold Card hacked funds 34:02 - Legal precedent for white hat bounties 36:56 - Why the Liquid hacker faces trouble 38:55 - What's actually in the Clarity Act 43:46 - Money transmitter law and the Samurai case 45:20 - Tornado Cash, FinCEN and frying pan argument 47:31 - Why this could ban using Bitcoin 49:33 - BRCA criminal protections and court battles 53:42 - Clarity Act fails to pass what happened 55:24 - Senator Lummis stood on principle 56:50 - Where to follow Zack Shapiro Guest: Zack Shapiro — lawyer and AI-native law firm builder covering crypto policy, AI regulation, and Bitcoin legal defense. 🔗 Links & Resources: - Zack Shapiro on X: https://x.com/zackbshapiro ⚡Previous Episode: Bob Burnett and Nacho Pauls of Ocean: https://youtu.be/1-lvwj4DcJs Brent Johnson: https://youtu.be/UoIwpsOB9O0 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ Sponsored by Trezor - Get Your Safe 7 Today: https://affil.trezor.io/aff_c?offer_id=352&aff_id=1088 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #Bitcoin #BTC #BTCSessions #ZackShapiro #ClarityAct #BRCA #SelfCustody #SamuraiWallet #ColdCardHack #AIRegulation #AISafety #OpenSourceAI #Superintelligence #BitcoinPolicy #BlackRock

  5. 10 Sept

    They Bet Everything On An Existential Crisis | Bob Burnett & Nacho Pauls

    Mentor Sessions Ep 095: Bob Burnett and Nacho Pauls of Ocean discuss Bitcoin mining decentralization, the BIP-110 chain split, hash rate flight, and Bitcoin Knots. Bitcoin's first real hard fork just tested mining decentralization for real — and Ocean's hash rate dropped from roughly 40 exahash to 23 before clawing back. Bob Burnett (Barefoot Mining, Ocean chairman) and Nacho Pauls break down what actually happened when the chain split, why rented hash fled while owned hash stayed, and what the loss of Bitcoin Knots means for client diversity going forward. You'll learn why the "template centralization" problem is still the core issue even after BIP-110 was resolved, how a non-KYC pool kept paying miners through the chaos, and why Bob argues Bitcoin needs 3 to 5 competing clients — drawing a direct parallel to how the PC industry standardized USB, PCI, and Bluetooth. You'll also get the honest story behind Ocean's high-profile team departures, who's stepping into the CTO and chairman roles, and why Bob calls the whole episode a "distraction" the community ultimately settled the right way. Whether you run a node, stack sats, or care about who really controls Bitcoin's hash, this is a candid, insider conversation about mining, consensus, and what comes next. ⏱️ Timestamps: 0:00 - Intro 0:41 - Hard Fork Fallout and What Happened 1:12 - Have Bob's Decentralization Views Shifted? 1:54 - Datum Templates and Decentralization Fix 3:25 - Ocean Hash Rate Drops From 40 to 23 EH 3:43 - Overcoming Defeatism Among Motivated Miners 4:11 - Nacho Explains Why Miners Left Then Returned 4:57 - Only Pool That Let Miners Choose 6:37 - Owned Hash Rate Versus Rented Hash 8:34 - True Cost of 15 EH Rented Hash 9:38 - Non-KYC Mining and Unknown Customers 10:50 - Why Large Miners Avoid Switching to Ocean 13:20 - Ocean's Jump to 30 EH and Path to 100 17:23 - Sponsor Break 18:50 - Team Drama and Key Departures 20:17 - Amicable Split With Departing Founders 22:01 - Jason Hughes Becomes CTO and Board Changes 23:28 - BIP-110 Debate and Your Hash Your Choice 33:15 - Bob's Personal Take on Departures 34:13 - Mistake of Treating BIP-110 as Crisis 38:39 - Community Consensus and Bitcoin's Strength 43:57 - Losing Bitcoin Knots Client Option 45:53 - Short Medium and Long Term Client Strategy 46:48 - Plea to Core on Extended Version Support 47:27 - Why Bitcoin Needs Three to Five Clients 48:32 - PC Industry Lessons on USB and PCI Standards 51:16 - Where to Follow Nacho and Bob Guests mentioned: Bob Burnett (Barefoot Mining, Ocean), Nacho Pauls (Ocean), plus discussion of Luke DeWolf, Jason Hughes, and the Bitcoin Boomers. 🔗 Links & Resources: • Ocean: https://ocean.xyz • Bob Burnett on X: https://x.com/Boomer_BTC • Nacho Pauls on X: https://x.com/NachoPauls • BTC Sessions: https://btcsessions.ca ⚡Previous Episode: Brent Johnson: https://youtu.be/UoIwpsOB9O0 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #Bitcoin #BTC #BTCSessions #BitcoinMining #MiningDecentralization #BIP110 #BitcoinKnots #OceanPool #HashRate #BobBurnett #NachoPauls #HardFork #BarefootMining #ProofOfWork #SelfCustody

  6. 7 Sept

    They’re Not Saving the Republic, They’re Building Fortress North America | Brent Johnson

    Mentor Sessions Ep 094: Brent Johnson explains the 2026 dollar outlook, the collapse of the rules-based order, Bessent's Treasury moves, and how AI and stablecoins entrench the US dollar. The rules-based order that kept markets stable for 80 years is dying - and Brent Johnson explains what replaces it, why the US dollar gets STRONGER not weaker, and how AI and stablecoins entrench American power for decades. Brent Johnson (Santiago Capital, Dollar Milkshake Theory) sits down for a wide-ranging conversation on the biggest structural shift in markets since World War Two. You'll learn why he thinks the American Republic could give way to an American empire, why Scott Bessent's Treasury buybacks matter more than the headlines suggest, and how passive management can turn a bond wobble into a full crisis. You'll see why he's concentrated in North America and the Western Hemisphere, why he calls the US-China relationship a "divorce," and why he refuses to bet against the US Treasury even as others call for the dollar's death. He also breaks down why AI is now a matter of national security, why stablecoins are structurally bullish for the dollar, and where Bitcoin fits in the emerging digital-asset order. ⏱️ Timestamps: 0:00 - Intro 1:17 - Iran War and Dollar System Resilience 4:10 - Iran Conflict Pressure on Treasury Yields 5:41 - Rising Yields Create Global Collateral Strain 8:25 - Bessent Long-End Buybacks Explained 10:20 - Mike Green on Passive Bond Risks 11:48 - Rules-Based Order Has Ended 13:39 - Shift to America First Proactive Policy 17:31 - Signs the Rules-Based Order Is Dying 18:27 - Vance and Rubio Munich Security Speeches 21:41 - China Also Wants Strategic Divorce 23:26 - Multipolar World or US Remains Dominant 24:44 - American Republic Falls Into Empire 27:00 - Republic Versus Empire and Authoritarianism 31:07 - Positioning Portfolios Amid Geopolitical Chaos 33:28 - Building Fortress North America Strategy 35:19 - Canada US Relationship Realities 39:41 - Energy Trade War Leverage Analysis 44:16 - Bessent Druckenmiller Soros Trading Lineage 48:51 - Market Outlook Violently Sideways Year End 53:01 - AI Now National Security Priority 57:02 - AI Short Term Employment Risks 58:06 - Stablecoins Strengthen US Dollar Position 59:31 - Bitcoin Role Alongside Stablecoins 1:01:57 - Global Institutions Must Adapt Next Brent Johnson's written research and weekly show "Milkshakes, Markets and Madness" are at Santiago Capital - links below. 🔗 Links & Resources: • Santiago Capital research: https://research.santiagocapital.com/ • Brent Johnson on X: https://x.com/SantiagoAuFund ⚡Previous Episode: Luke Gromen & Lyn Alden: https://youtu.be/xoAuuJyBg6E 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #AmericanEmpire #FortressNorthAmerica #FortressAmerica #RulesBasedOrder #BrentJohnson #DollarMilkshake #SantiagoCapital #USDollar #USD #ReserveCurrency #TreasuryMarket #Gold #Bitcoin #DigitalAssets #Stablecoins #Geopolitics #Hegemony #China #MacroEconomics #CapitalFlows #Multipolar #ScottBessent #AINationalSecurity #BTCSessions

  7. 4 Sept

    "We're Past The Point Of No Return" | Luke Gromen and Lyn Alden

    Mentor Sessions 093: Luke Gromen and Lyn Alden explain the 2026 global bond market crisis, private credit risk, yield curve control, and Bitcoin and gold as safe havens. The global bond market is bleeding out in slow motion, and the real danger is buried in private credit that insurance companies can't sell without going insolvent. Luke Gromen and Lyn Alden break down why the long end of the Treasury market is grinding higher, why Scott Bessent intervened before any visible crisis, and what happens when trillion-dollar balance sheets finally hit the sell button. You'll learn why China is the one nation conspicuously absent from the sovereign debt rout, how AI-driven deflation is reshaping Chinese manufacturing, and why Gromen argues the U.S. now faces a "Weimar gold reparations" problem with true interest expense at 105% of receipts. You'll see why both guests believe rate hikes are no longer even a usable tool under fiscal dominance, how a Blackrock "one phone call" scenario could freeze $5 trillion in a crisis, and where Bitcoin and gold fit as bearer assets when markets get locked down. Alden makes the case for holding scarce assets and extra cash through the air pockets; Gromen explains why he trimmed Bitcoin and exactly when he'd aggressively buy it back. ⏱️ Timestamps: 0:00 - Intro 1:12 - Treasury Event or Broader Sovereign Debt Crisis 1:34 - Why China Avoids the Global Bond Rout 2:00 - Hyperscalers Emerge as New Bond Vigilantes 3:41 - Path Leading to Yield Curve Control 4:15 - Why Chinese 10-Year Yields Hit Global Lows 6:00 - AI Driving Deflation in Chinese Manufacturing 10:17 - Orderly Bond Market Grind vs Sensationalized Crash 13:43 - The Dog That Didn't Bark in Bessent's Move 14:38 - Silent Crisis Brewing in Private Credit 15:38 - Insurance Insolvency Risk Triggers Treasury Sales 19:01 - Liquidity Versus Solvency in Private Funds 27:44 - Will Warsh Raise Rates This Cycle 29:43 - True Interest Expense Hits 105% of Receipts 33:43 - Rate Hikes Fail Against Fiscal Dominance 35:50 - Crack Spreads, Diesel and Physical Bottlenecks 37:37 - Wall Street Awakening to Fiscal Dominance 40:12 - BlackRock's $5 Trillion Lockdown Scenario 41:00 - Past the Point of No Return for Markets 45:47 - Non-Linear Reset Versus Slow Economic Spiral 50:19 - Physical Constraints in Beef and Refineries 54:05 - Gormen Adds Back Bitcoin After Selling 57:07 - Lyn Alden on Bitcoin and Gold Outlook 🔗 Links & Resources: Lyn Alden: https://www.lynalden.com/ Luke Gromen: https://fftt-llc.com/ ⚡Previous Episodes: Michael Sullivan: https://youtu.be/wp5IYzcThUo Tom Luongo: https://youtu.be/zkvdfR7LTuU 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 ⚡ Sponsored by Blockstream Jade: Easy, open-source Bitcoin-only cold storage. Get 10% off with code BTCSESSIONS at store.blockstream.com. 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io #BTCSessions #Bitcoin #BTC #LukeGromen #LynAlden #BondMarket #Treasury #FederalReserve #InterestRates #YieldCurveControl #PrivateCredit #FiscalDominance #SovereignDebt #USDollar #Inflation #Gold #ChinaEconomy #Japan #MacroFinance #MacroEconomics #BitcoinEducation #BitcoinPodcast #BitcoinInterview #GlobalEconomy

  8. 1 Sept

    This Bitcoin Rally Feels Fake (The Data Says Otherwise) | Michael Sullivan

    Mentor Sessions 092: Michael Sullivan explains Bitcoin sentiment analysis, emotional cohort signals, OG optimism, narrative shifts, and why the data may point to a bottom. Bitcoin sentiment just did something it rarely does after a 22% rip: it stayed calm. No euphoria, no desire spike, no retail flooding back — and that gap between the price move and the emotional data is where the real signal lives. Michael Sullivan — an engineer and fiction writer turned Bitcoin sentiment analyst — breaks down how he tracks 14 distinct emotions across cohorts of Bitcoiners, from OGs and technologists to MSTR treasury speculators. You'll learn why he cohorts the crowd instead of scraping social media, why the Fear & Greed Index misses all the nuance, and why he reads OG optimism as one of the most reliable early signals that positive things are on the horizon. You'll see why 'desire' language sits inversely correlated with price, why the near-total absence of a new narrative can be wildly bullish near a bottom, and how the BIP-110 debate produced algorithmic engagement patterns that looked artificially farmed. He also lays out the AI-bubble-to-Bitcoin thesis and why he's personally bearish by instinct but bullish on the data. ⏱️ Timestamps: 0:00 - Intro 0:38 - Why this rally feels like disbelief 1:09 - Massive sentiment phase shift after crash 2:01 - Rally lacks expected euphoria levels 3:05 - Tracking caring language in ColdCard event 3:58 - Technologists impressed most during crisis 5:12 - Studying Saylor's four Bitcoin cohorts 6:33 - MSTR shareholders as conviction outlier 7:18 - OG optimism as reliable bullish signal 7:59 - Are OGs turning optimistic now 9:56 - Emotions linked to time and excitement 11:40 - Downturn negative language uniquely severe 12:40 - Desire language at market tops and bottoms 16:52 - How language analysis became his focus 19:11 - BIP-110 debate through psychology lens 21:09 - Algorithmic engagement that felt farmed 26:55 - AI bots distorting sentiment data 29:47 - Spotting leaders and narrative first movers 32:56 - Narratives shaping markets and price 34:37 - Absence of narrative as bullish signal 36:42 - Does price or emotion move first 40:03 - AI deflation versus Bitcoin scarcity thesis 40:30 - Euphoria missing at prior all-time high 45:17 - Bitcoiners versus treasury company speculators 50:07 - Conviction language versus hedging explained 54:03 - Denoising sarcasm with cohort analysis 59:31 - Signals needed to confirm bearish view 1:00:06 - Data pointing bullish over coming months 1:02:10 - Where to follow Michael's latest work Michael writes deep analysis on Bitcoin sentiment and shares it on X and Substack — links below. 🔗 Links & Resources: https://x.com/SullyMichaelvan ⚡Previous Episode - Tom Luongo: https://youtu.be/zkvdfR7LTuU 🔔 Subscribe for weekly Bitcoin Podcasts 🐦 Follow on X: https://x.com/BTCSessions 🐦 Follow on X: https://x.com/theBTCmentor ⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1 💡BOOK Private Sessions with Nathan, Ben and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more. 👉 Visit btcmentor.io ⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB ⚡ Sponsored by BITCOIN WELL: Best Place to BUY & SELL BITCOIN https://qrco.de/bfiDC6 #Bitcoin #BitcoinSentiment #BTCSessions #BTC #MarketPsychology #MichaelSullivan #DisbeliefRally #BitcoinRally #BitcoinBottom #BitcoinCohorts #BitcoinOG #CryptoPsychology #FearAndGreed #NarrativeShifts #OnChainAnalysis #BitcoinAnalysis #CryptoSentiment #BitcoinTwitter #SelfCustody #BitcoinTreasury #MSTR #StackSats #BIP110 #BitcoinInterview

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About

Get your dose of Bitcoin with weekly news roundups and "Why Are We Bullish" panel shows featuring Bitcoiners from around the world!

Information

  • Creator
    Ben Perrin
  • Years Active
    2020 - 2026
  • Episodes
    672
  • Rating
    Explicit
  • Copyright
    © Ben Perrin
  • Show Website
    BTC Sessions