Bitcoin Supercycle: The Last Trade Is Here | Marty Bent

What you're telling me is that music is about to stop and we're going to be left holding the biggest bag of odorous extra ever assembled in the history of darkness. 1974198792972000 and whatever we want to call this, it's all just the same thing over and over. We can't help ourselves, I say. When we sell, hey, OK, I say when we sell. All right, we're back. I said we're back. It's the last trade. And guess what? We have a special guest today, Marty Bent. Marty's joining us for the first time as a guest of The Last Trade. For loyal listeners of the show, you may remember that Marty was actually the original host. And ever since, I've been trying to live up to his his fame and legend that he's left me with. So, Marty, thanks for joining. What's going on, man? Jackson, you're, you're doing the incredible job. The price of Bitcoin is pumping today, gentlemen. It's always a good day when that's happening. Vibes are high. Feels good vibes are very high. Is this is this pump? Is this is this pump? Is this Groman buying back his Bitcoin? Either that or the the Nick Carter Quantum Fund has completely subsided and that was the bottom call. So we're either one of the two quantum guys, it's. QQ 4 Q 4 was so fascinating. You can watch all the fundamentals from anybody looking around the industry to see what's happening. And then you just end up with this inorganic conversation around quantum and all the other noise that was going on. Luke selling, you're like, guys, what's going on here? Yeah. Z cash. We got to own Z cash, of course, that's A. That's a good one. Are you guys sidelined right now? Are you sidelined? We're. Extremely sidelined. Yeah, So what is actually going on with the Bitcoin price? Because listen, we're, I did this in 2025 and then I got discouraged when we started tanking with the tariffs. But we're going to start with the on ramp terminal in 2026. We did it for the first episode last week. We are getting close to 100K. Gentlemen, I thought for sure, I thought the prophecy was in. I thought the 2026 we had to get beaten down for another year, the four year cycle had to repeat. But here we are. We're up about 11% year to date and a lot has happened in the 1st 14 days of the year. Marty, what's been on your radar? I'm sure plenty, but what do you, yeah, what do you kind of attribute this pump to, to kick the year off here? I think, I think 2025 was just a year of consolidation. What do we do between N22 and October? That's 20. That's the other thing too. It was like the last three months of the year were a bit bearish, but between N22 and October 25 when we hit the all time high and yeah, we did like an 8X. And so like a consolidation until the end of 2025 made sense. And then when you compare it to gold and silver, which had banner years and Bitcoin was, was relatively choppy. I had Mel Madison on last week and I actually liked his perspective too. Like there was probably people looking at their portfolios and they could see their Bitcoin buys in June, July and October if they bought at those highs. And at the end of the year, it was relatively depressed from those highs and just use it as a tax lost harvesting asset within our portfolio, especially if they had a hard asset portfolio with gold and silver, which were up significantly. And so I think just turning the calendar year that cell pressure is gone. And then on top of that, I mean the name of the show, the last trade, I think the last trade is certainly, certainly in play. There's an order of operations to it. And I think precious metals are certainly leading the way right now. But I think with that tax loss harvesting and all that all time high selling from long time Bitcoin holders has subsisted and now people are just beginning to to rebrace Bitcoin appropriately to where it should be, which is much higher. So it makes a lot of sense to me and. The one thing maybe to call out, we don't think of deep here unless you're interested because we haven't chatted about it. And I don't think many people are as a full. And the reason I'm bringing it up is because it's ultra bullish for this year and moving forward is we haven't actually been in a formal or any kind of bull market, meaning that new buyers and adoption. And there's like 5 empirical pieces of evidence that without going through all of them. The last one you actually posted I think last week from the TFTC account, which was the amount of transactions that settled on the blockchain, the Bitcoin blockchain, not any other blockchain in 2025 was 25 trillion. But then if you looked at 21/20/21, it was 47 trillion. And whether you go to Harvard devices, anecdotes from friends and family that we haven't even got into the bull market yet. And that's very bullish in the sense of like, yes, cycles, liquidity, whatever reasons we want to make up why we haven't. The price movement has generally been like the bid that has been at the gold level, but it's like on the margin sovereign. But then really it's just the ETFs being turned on because for 17 years people wanted Bitcoin, but they want it with a click of a button. And that's where a lot of those inflows have come. And that's the reason for the price rise. And so we haven't even actually seen a formal bull market yet. No, not at all. At the very like, I think this is the very beginning stages for this next leg up. And you just look at the world, right? Like the, I mean, things we've been talking about for years, Michael and even Jackson and Brian, like we've said, we're going to move to this more, more multipolar world that's only accelerated over the last year. You literally have Trump, Denmark and Greenland meeting as we speak for a, a leveraged buyout of a of a nation state which would have been unfathomable a couple of years ago. Obviously we have the pandemonium in Venezuela and Iran. And I think both those situations, I mean Iran, you had a complete overnight currency debasement earlier this week. And then in Venezuela, I think the headlines coming out of that, particularly as they pertain to bake Bitcoin are highlighting that this sovereign reserve distributed neutral protocol and we get all the we get all the, the what's the word I'm looking for? Let me get all the descriptive words in there for Bitcoin is highly valuable. I mean, they were rumored that they have 600,000 Bitcoin. Whether or not they have that much, I don't know. I wouldn't be surprised, but I also wouldn't be surprised if they don't have that much and if they wouldn't be surprised if they had that much at one point, but spend it down if they accumulated that much and are holding it or if they simply never accumulated that much. But point being, they were doing gold swaps for Bitcoin because they recognized that their gold in the UK was able to be frozen in the vaults. They did oil to tether to Bitcoin so that they could route around sanctions on their on their oil supplies and actually get revenue from it. And they recognize that tether was a centralizing force that could freeze their funds on Tron or whatever blockchain was trading on. They swept it to Bitcoin immediately. And so I think the validation of Bitcoin has this neutral reserve asset. The digital age is only getting stronger. And then again, go back to currency debasement. You have Iran's real completely collapsing this week. And then you have the Japanese yen yield curve blowing out. And that's going to be incredibly stimulative for the global economy because they're going to need to print all the money that BOJ is going to buy, all the date Japanese government bombs that they're issuing. And yeah, so I think we're definitely in an upswing on liquidity. And then obviously here in the United States, you have the Fed easing policy. I think the rate or the probability of a rate stall this month went up significantly. But I think QE via other means is certainly being enacted right now too. So I think the reason the whole Bitcoin has never been stronger and you had the tweet up that I sent out last night. I think this is true and something Michael, we talked about, talked about it when I was on this show in the past. Like I think we're just seeing this cycle play out. Central banks and governments debase the Fiat currencies. Geopolitical tensions rise, which is certainly happening driving aboard multi polar world. It's happening. All these sovereigns and large institutions are going to fall back on precious metals due to familiarity via Lindy. They've been around for millennia. And then I think there is a structural component to it too, which is they have a liquidity profile that can take large capital rotations in the 10s of billions, hundreds of billions, even trillions, which has happened over the last year. And then Bitcoin ultimately will be recognized as this superior reserve asset in the digital age because of all the properties we described earlier. And I think we have early signals that that's already happening, particularly out of Venezuela. So I think Bitcoin's never been in a better position. I'm extremely bullish for for this year. All right, it's 2026 and we have a new year ahead of us. It means it's a great time. It is an opportunity to take inventory, think about your Bitcoin custody, your inheritance plan, your broader ownership structure, and your goals. If you're looking for more Peace of Mind this year, get in touch with us here at On Ramp. We're working with individuals all over the world, people who've been in Bitcoin for a decade, people who got in for the first time last year. We're working with individuals who use self custody and have done so for a number of years or even over a decade. And likewise, we're working with people who never felt comfortable with self custody and have Bitcoin on an exchange. Either way, get in touch with us here at On Ramp. We have a private client type approach to our relationships. You have a dedicated account manager, always human support, multi institution custody with inheritance included, an IRA account included as well at no additional cost, access to Bitcoin back loans, insurances included, trading capabilities as well. And for a limited time if you use the code TLT, you'll get 50% off your first month with on ramp. Now I will say it may be worth having a conversation. So when you speak with me or speak with someone and book that consultation on our homepage, you can just mention you heard of us through the last trade mentioned TLT, and we'll still take care of that if you sign up. So hope you enjoy the rest of the episode. Thanks for being here. Yeah, well said. I pulled this up because I think it was a, it was a world class tweet late last night. When you look at like, we got to zoom out and forget about a lot of the noise and just realize like the the anchor points, the rocks that are like the real rocks in the sand. Generally people focus on the like topic of the week of the day, but this is like what's happening in real time. It came out. I think most people have known that in the UAE they've been mining at a sovereign level for a while. And then I think somebody posted it and then like sees he's like, this is my understanding has been like this for the past half decade. But taking a step back to contextualize this, like I know we wanted to start with what the hell is going on with the Fed and the president, because that's kind of like the backdrop to this tweet of like the insanity that's just happening at home and how crazy the past. I think it was Sunday night when the when when the the ransom video came out from from pal. What was your take there? I mean, it's just comical, right? I mean, again, another glaring indicator that you should be allocating the bitcoins. You have this fight between the executive, the Treasury and the Federal Reserve and the fact that there is even the potential for a Fed Reserve chairman to do a Sunday night sort of Roger Var like video saying if we're going to fight this, this isn't right. His complete clown world Stuff like these people should not have control over the price of money as determined by their interest rate policy. And I mean, on the other side of the coin, too, I mean, you have this grappling for control of monetary policy between the Treasury and the Fed. And I think the Trump administration, they've been pretty explicit about this. They weren't implicit for a long time, but they become more explicit over the last year, which is like, hey, we want to control monetary policy. We don't want the Fed to. And so it looks like they're trying to get people in positions within the Fed, and that's part of this lawsuit. I mean, the other thing, like, yeah, the Fed shouldn't be using 3 1/2 billion dollars of US taxpayer money to to remodel the Eccles building. The Eccles building, but then on the other side, like the Treasury taking control, that's not ideal either, obviously. I feel like the Treasury needs to do that if they really want to land the plane with their tariff policy and their economic, the domestic economic policy of reshoring and reindustrialization. It can de risk that relatively risky policy posture if they have more control of the monetary policy. But at the end of the day, neither of them should really be controlling the money supply or the monetary system at large. And one. Thing to add to that, as well as just to further exacerbate the tension between the two is something Brian called out was Treasury Secretary Scott Besson recently was on the All In podcast and he was talking about how the Federal Reserve is the engine for inequality. And so that's really something that the Bitcoin space has been touting for a very long time. Of course, the end of Fed movement movement goes way back. But it's really interesting to be at this time now where you have Jerome Powell late on Sunday, presumably delivering an address to address to the United States, say, hey, we're we're independent. We're going to do what's best for the economy and best for the United States citizens. Then on the flip side, you have best recently saying, well, the Federal Reserve is the reason why we have such great inequality in the United States. And at least since I've been paying attention to markets, I haven't necessarily seen like this, this level of tension ever exists before. So I really am unsure and unclear of where this goes. It seems like my, my gut instinct would be that the Trump administration is going to strong arm the Federal Reserve. We know that they're not independent, but they're trying to convey and, and keep that veil afloat as long as possible. And it's worth. Real quick, it's worth just recalling out the insanity and gaslighting of price, stability and employment, because both aren't working for anybody. Yeah, well, I mean, I tweeted it out this morning. The periodic reminder that you have to beat into people's head and that one half of the Fed's dual mandate is a complete oxymoron, which is they are mandated to produce price stability in the way they explicitly say they're going to achieve that is by inflating the the money supply by price prices by 2% year in and year out. And I think it's, what is it the law of 13, Every thirteen years, you're going to be doubling in prices if you're at a 2% rate. And obviously, as we all know, it's way higher than than 2%, despite what the CPI may lead you to believe. Yeah. I was going to say just on the like the Powell Trump stuff, like part of me just thinks like this is all theater and it's kind of irrelevant because he's a lame duck and like Trump's going to put in whoever he wants and he's going to lower interest rates. And like that's the medium term story here. But everyone's focused on sort of the infighting upfront, but at a higher level. Like, you know, if we want to say 2025 wasn't a typical bull market for Bitcoin, it was certainly a bull market for in Marty's world, just like clown world unearthing itself. And so I would say like my take away from the year was really like sort of centralized trust erosion at a high level, like more people opening their eyes to what Bitcoiners have known for a long time, whether it's talking about, you know, the sham of of Fed independence Oregon, even like, you know, all the fraud stuff over the past several months being unearthed, You know, all these things I think are continuing to erode the credibility of centralized institutions. And and that points directly to the value prop of of Bitcoin having money outside the system that can't be controlled by these fallible humans. And so to me, that's like the bullish aspect of it. It's like, you know, more people are opening their eyes to the craziness in the world. So it's a bit optimistic perhaps. Yeah, it. Was bookended by fraud being unveiled in the beginning of the with Doge and USAID and then obviously with the Nick Shirley Medicaid Medicare fraud, be it Somalian daycare centers in Minneapolis and since then spreading across the country. And that's like incredibly infuriating. But also the silver line is like light at the end of the tunnel. Like we've been told we've been gas lit for years. So can't touch can't touch entitlements, can't touch Medicaid, Medicare, Social Security, the country would collapse. We need to support all these people. And I mean the estimates that Besson's putting out there is like 500 billion is fraudulent spending, but they don't even factor in the military budget. And I mean, we've all seen the insane sort of a list of, of items that these contractors are selling The government, they're selling like bolts for like $1000. That's incredibly wasteful. Like I wouldn't be surprised if the federal government budget is more than 70% just over fraud or price gouging by contractors. So that's definitely black Pilling to an extent, but it's also like, OK, if we can do a good job of making it clear to people like the government is completely robbing us via taxation. And then the central banks on the other end are are debasing the currency and hitting us with a double whammy. And all the money that you're paying in taxes and that you're trying to save is literally being stolen from you and handed to to frauds. Hopefully we can have a rotation out of a dollar, dollar derived assets like treasuries and stuff like that into hard assets like Bitcoin. And I think we're seeing that, yeah, also. Like Besson, Besson and Co are not like they're not really hiding it. Like they've said multiple times, they want to run it hot. You're seeing metals run. So they're kind of giving you the playbook without being super explicit about it. Like you better own assets. You know, they did the thing with, you know, the giving every newborn equity exposure at their birth. Like they're telling you you need to own assets because they're going to continue to debase the currency. Yeah, they're going to run it hot and it's funny, right? I'm interested to get your thoughts on this because I think you have to separate like the federal government, all the ways that exists there that Trump is administration have inherited from like some of the policies that they're enacting. Like I'd like I'd was a bit skeptical of them at first, but I actually love the tariff policy. Obviously, I like doge. I like that this fraud I saw Besant was on with Chris Ruffo yesterday saying that they're basically setting bear traps for all these a GS and governors that were enabling fraud in these states. Like it seems like they want to go after it and I do think they have. I think they should run that hot too, particularly if you want to reindustrialize and reassure manufacturing. I'm not. I'm, I'm sure I know I've talked to you guys about it, but like this AI stuff is not, there's definitely some misallocation of capital happening, but the, the innovation and the productivity increases and the efficiency gains are real. I see it every day just by using the tools. And I think really leaning into that is important and not only for just increasing the productivity of the the economy overall, but I think you get the added benefit of this refocusing on energy infrastructure, which has been completely neglected for decades. And so I'm actually, it's weird. Like, I don't like the federal government. I don't like all the fraud, waste and abuse. But I am a fan of a lot of the economic policies and domestic policies that the Trump administration is putting forth. It's a weird dichotomy. Yeah. I mean. There's a lot of a lot of different directions we can go there. But I think I'm hopeful, at least in the sense that a lot of these initiatives are bringing more light to all the corruption and waste, even though DOGE was, on its face, kind of a failure in the sense that we knew there was no balancing of the budget. Like it was just an impossible task. At least it got that conversation into the forefront of discourse in politics and people were thinking more about it. And then whatever, you know, and then Besson allegedly punched Elon Musk and the bromance was over. But, you know, that's one example. And then the other example, Marty, to your point is what has been going on with the daycares? Michael was joking about Cam on our team had a great Michael, I don't want to steal your Thunder, but you had a great line there about just so much opportunity in in the greater Minneapolis area for those that want to start daycares. Well, we think. That's why Cam moved back to Minnesota was because they were they were on, you know, these these guys play 3D chess. So they needed, you know, a white American to be the front for their new corruption. So Cam might actually be running daycares currently right now and taking a take a small cut. Sweeping profits into BCC. Yeah, I guess I'm not going to say that. Yeah, I mean and. To your point about. Elon versus Besson, I'm not sure if you call Besson's comments on it with Chris Ruffo, he also commented on that because he asked him explicitly like what happened with you and Elon. And I thought it was very illuminating in terms of the the approach that Besson specifically has taken where he's like, hey, I love Elon. I agree there's a ton of fraud, waste and abuse that needs to be eliminated. But he comes, he came into the administration and to DC with the Silicon Valley move, move fast and break things, where my whole perspective is we need to move slow and fix things. And so it's just, I think they had a difference in approach. And I think we're beginning to see like it seems like Besson has been playing a long game again, like he's saying they're laying bear traps too, really handcuff the people enabling this fraud in state governments across the country. And he was alluding to the fact that AG Ellison in Minnesota is likely going to be having charges brought against him. So I mean, hopefully that starts a cascading effect. And we've seen it too. Again, going back to AI, the the amount of action that Nick Shirley's video incited in the public just using AI tools to scrape all these databases and actually look into where the federal funds are going in Medicaid and Medicare specifically. Like it's everywhere. It's it's rampant and it's bipartisan. It's a red States and blue states. I mean, Texas, Florida, many other states, probably every state is is coasting off this grift. And then going back to your point earlier, Brian, it's just it's going to happen inevitably in both sides of the aisle are going to take advantage of it. Like I said earlier, if you look at the military budget, there's probably obscene amounts of fraud, waste and abuse. There definitely is. And it just goes back to like central control of these systems like that. It doesn't work. You're not going to have the best outcomes at the end of the day. And Bitcoin is way to get away from that and hopefully we'll be able to have more and more American citizens begin to realize that. But I think I'm optimistic about it. But and as we've seen with the source, Suros funded protesters in years past, they can do a good job of really muddying the the discourse around these things. Yeah, it's. It's hard. We don't think it's deep here unless you have like a a take you want to share. But like I have a hard time piercing this whole thing together because it doesn't feel organic in the sense of like we go back to the rocks. We know independent of anything we just discussed, you have to print more dollars. It's going to be the base you want to hold our assets. But like when we look at the Nick Shirley and we all we you just reference it. This is like rampant across both sides of the aisle. But then every state, which ultimately leads back some in some direction to the Trump and administration, but more adding like the credit card stuff that he announced. And I don't even know how that would actually go into effect in January 20th around the caps, real estate subsidies, the notion of like you talked about it. We want to we do want to get heavy into AI just like this brave new world, the like Ubi, right? Like there's almost this like mosaic being painted of like it's all funny money. It's all like, you know, you hear the hundreds of billions getting thrown out of these data centers in Stargate. It's like this is all ephemeral and eventually we're just going to start shipping you like that's what this feels like. It's incepting that the money actually doesn't have any relevance anymore and we've just been taking it. It's been taken. And so trilling here trillion there and we're it's like leading us into a different way that I don't think we're ready for. I don't have him fully put it together, but it just feels off in the because this fraud has been existed forever. Everyone's talked about it. The inequality of the Fed is another example has existed forever, but now we have people in notable places talking about it and there's just something there's like 5 each has happening right now. It's the same thing that we're talking about gold, you know, in the price and everything happened in the States and even ETFs being approved and consumers or individuals in the US needing assets to store or they're going to revolt, right? Because, you know, houses are overpriced and equities are overpriced. So you need these things that only can serve as a a valve for capital to go in. So like these guys, I feel like there's a very like larger. You. Know plan or or thing that's happening that we don't fully appreciate. Yeah, we're going to have like Tom Wawonga theories flying through my head. This sort of inter cabal squabble. Are we just in the middle of it? Did you see, Marty, did you see all the central banks issue that letter yesterday like that up? Earlier, that was. Hilarious to me it was like the the central bank cabal being like we're we support Jerome Powell and his his independence. Yeah, Oilfield Rando put it best. Like if if people didn't believe that these people were the enemy already, Now we know for sure that they are stablecoins. Another great example I didn't bring up, and that whole mosaic being painted is like the speed and acceleration of all these companies adopting stablecoins is insane. When you think about YouTube and just all the news that came out in 2025, the real world asset securitization, like it's just a lot happening behind the scenes that I think they're both basically end up converging on each other. Yeah. I think the stable coins are the are the siren call of the. I mean, they have been for a couple years now, but and somebody investing in companies in the space. I'm happy that people are distracted by by the stable coin fervor. But I mean, it was just yesterday, Ted there froze, what was it, $182 million held by the Venezuelan government, the Maduro regime, which yeah, probably should be frozen. So nobody in that regime is like sending money out and running away with Venezuelans wealth. But little of it remains from the Maduro regime. But it just highlights like these things are no different than the incumbent banking system. They just have a different flavor and a different feature set definitely that is superior to the incumbent system. But when it comes to the most important feature of control over your money, that does not exist with unstable coins. Yeah, Marty wanted to get your take on on this tweet here from Warren Davidson as well. Ties into what you were just describing. The tweet says the future of money will determine the future of money will determine the future. Either we stop CBDC and digital ID while protecting self custody and the fundamental right to transact or Western civilization is effectively lost. So how do you kind of fit the the stable coins into this picture here of CBD, CS and digital IDs? Do you think that those are kind of like the private market equivalent or do you have a different opinion there? I mean, yeah, they're functionally the same thing. The means are different in the sense that you have Tether and Circle in other sort of quote UN quote free market issuers issuing them. But the end will be the same. Again, going back to like they can do everything that a central bank would want to do in terms of controlling the money and preventing people from moving it to particular addresses or spending it on particular things. It's just technically not centrally issued by a central bank. One could argue it's technically issued by the Treasury because they're all backed by treasuries and they're stable coin companies are just becoming arms of the Treasury to some extent. So yeah, the the end is the same. The means may be different. And I think again, calling, calling things out as I see them, like that's one thing I wear. I'm very happy with the aggressive immigration policy that the Trump administration is, is going is following through on right now. Obviously, some people are not happy with the the what they deemed to be the slow pace of getting illegal immigrants out of the country, but they are certainly making an effort. I believe 2025 was the first year in over two decades where we had net negative migration into the country, which I'm happy to see. But I think that's one thing we need to be vigilant of. And you've seen for Canaries in the coal mine of politicians using this immigration issue as a means to thrust digital ID, like the calls for E-Verify for employment and stuff like that are getting louder and louder. And so I think we have to be vigilant, like, hey, we don't need to go this far where we need the digital ID to prove that we're American citizens. Let's let's make sure that we maintain our sovereignty and don't get cattle herded into the surveillance system. But yes, we should get the illegal immigrants out of the country. And I think it's just holding the Trump administration to account to, to make sure we don't need something like E-Verify, which is a slippery slope towards a digital ID. And then with this market structure, Bill, I'm still unsure with whether or not it's a good or bad thing. There's obviously some language about protections for self custody and open source developers. But if you read it, it seems like there's it's a bit opaque and there are other, there are other means to really curb self custody and open source development if if the language is read in a certain way. And so I'm actually going to DC this afternoon. As you guys know, I'm trying to figure out, I guess this bill, good or bad. But I think that's one thing we just we have to do is just stay vigilant throughout all this. We definitely want certain things to happen. We're moving in that direction. But hopefully the Trump admin and opportunistic politicians on Capitol Hill don't try to backdoor the CBDC digital ID on to us. Yeah, we haven't had a chance to talk about this, but like my mental model of what you're describing is very similar to like the Internet. And some people use it in a much more convenient way and it's obviously much more censored and higher highly sensible and being de platformed. And then others use it in a much more like quote, UN quote sovereign way. And it's not apples to apples, but the example you can see is like, I think this stablecoin stuff, whether it's stablecoins or CBD CS. I was having a conversation with a friend of ours about this in the sense of like, yes, on its face value, Bitcoin is obviously much superior, shouldn't even meet in the same context as the CBDC or stablecoin. But we can't forget the amount of convenience and the level of people when it comes to like you mentioned the, the ID, if it's in your wallet for your medical, you know, to just go to the doctor and all the things that you can go from there until like that's the slippery slope that I think we're we're heading down. And I think it's, I don't want to say it's orchestrated, but I think it makes sense because post 22 in the collapse, you've seen this natural orchestration of more regulatory, the apparatus even on shore and an offshore, right? Like everything was offshore and then now it's on shore. But it has to be like blessed by the federal government and the administration there. It's a great example of, you know, something like this. And so I think that's just a framework at your point, like vigilance, a great word because you have to leverage, you know, the US kind of as it goes, the US, it goes the world of setting some kind of standard building the right tools. And then we've kind of seen, you know, the reality is, you know, talent chases money, money goes to the place where it's going to be treated the best. So we'll probably see more of that as well, the El Salvador, UAE, Switzerland, some of these other countries that are kind of like leaning in here. And even the United States, I mean, you're seeing a mass exodus out of California because this billionaire tax that, that they're floating. I think there will be a prop vote on it later this year. You're already seeing that here in the United States too, between the states. Let's. Maybe let's let's chat AI if that works because I was going to pull that. Up real quick because I think a lot of the themes that we're currently discussing, we, I mean on the privacy side for sure are top of mind. But then also I think there's so many parallels between the advancement that we're seeing first hand with artificial intelligence and Bitcoin as well. I think this tweet from VJ that I came across this morning really does does it justice in the sense of like, you could read this tweet and it could apply to AI, but it could also apply to Bitcoin. So he says as a computer scientist, it's truly surreal feeling to see the tidal wave of AI already at our doorstep, yet recognize that most people have not seen it, let alone understand the full magnitude of disruption that will be unleashed on the global economy. So like, that might as well be a tweet about Bitcoin as well. And one thing I wanted to call out and then we can go over to you, Marty, is just like I think of the privacy discussion, we have to think a lot about artificial intelligence as well. Because everything you describe from the digital IDs and the CBD CS, we're centralizing so much of, of our information if we actually want to participate in the productivity gains of AI at the moment, right? Like whether you're on catchy BT or Claude, I know there's open source and there's better privacy options out there. But right now the the commercial options that exist or taking so much of her information, whether it's about businesses or personal, and I don't really know what you know what that'll end up amounting to. And at some point, like in the AI discussion, we could go there if you guys want to. There's so much to be gained from using these tools. But like, where is the line drawn? Because you can imagine as well, there's going to be a line out the door for people to start chipping their brains with neural link. And that's probably where I draw the line personally. But I don't know what that means in terms of my lack of productivity for not getting a brain chip. But right now I'm like on board for for GPT and Claude, but and that's a company. That's a company mandate. You're going to have to decide you get the chip or not because we're going to need you. We're going to need you operating at the highest level. And if you're not chipped, then you know that's a. That's a problem. Yeah. No, it's I, I feel this tension every day because I'm using the tools we use Claude. I think Claude is by far the best, the best AI company or Anthropic is the best AI company out there right now. And it's made us extremely productive and efficient at TFTC and we're using it at 10:30 one too for certain aspects of the business and it is extremely powerful. But to the point about privacy, that is a big, a big open question is will these things be private? Luckily, I think due to HIPAA compliance and sort of financial compliance laws, at least for some aspects of these product suites, they're going to have to incorporate privacy preserving technologies. And I think the team at Maple AI Open Secret, what Mark and Anthony have built, they're doing confidential compute in the secure enclaves where you can basically bake LLM logic into a secure enclave and a user can prompt it from his computer, encrypt the prompt in a secure enclave, send it to the cloud which has a secure enclave in it, and then prompts the the LLM within the enclave and then it'll send the response back and and encrypted. I think that's extremely powerful. And I do think just simply due to privacy regulations that already exist around healthcare and financial data specifically and legal and legal industry as well, like those products are going to have to come to market. And if they're offered for those services, especially if they find a way to implement this in a way that doesn't really hinder the user experience of using these LLMS. I, I, I'm optimistic that we will get more private AI and because we have to think where we talk about this a lot in, in the Bitcoin context to a KYC AM L you got to, it's a, it's a double edged sword having all this data. Yes, you can train your models on it and all that. However, you're also a honeypot for very intimate data that I think a lot of these companies probably don't want that liability in the long run. I think it's a, a tale of two tapes with this saying we've been talking about like there's a truth in every line, a line, every truth. And like the notion of Bitcoin, you know, has a lot of truth. And then, but there are certain like aspects people believe about Bitcoin that aren't a panacea in the same way like crypto has a bunch of crazy lies on a flawed structure. But there are like test Nets and use cases that will be used in Bitcoin. I think of what's happening in the digital asset space, right? Like that cryptos, the noise, stable coins, the noise, but it will, it's all like time frame and and you know, there will be adoption of all this stuff that's happening. Then ultimately people will understand why Bitcoin has its value and why things would be built there. It's very similar with AI. And again, I'm trying to pull a little, we'll see if it, if we can get Marty Jones out. But like my, my take on AI is there's truth and there's lies baked into it. One of them is the lies. 2021 was a very opportune time to really unleash a lot of this stuff because of the amount of or 2022 really because the amount of capital that was destroyed in 2021, it was hard for people to have a place to park that capital. And so you had this boom of an AI investments, data infrastructure and the reality is at the very micro level, like a, a firm like ours, yours that's being utilized and there's efficiencies. But then on the other side of it, it's masking that they was always understood that we are going to go into a deflationary environment because of inflation. That company's margins were being being compressed. There was not enough buyers, right? Because when margins compressed and inflation happens, there's net, there's less net new buyers. So revenue has to go down. So people have to get rid of headcount. So it's this nice, but that was always going to have to happen independent of AI because there's less people spending have disposable income for goods and services. So it's this nice narrative for why those layoffs and unemployment. And a great example of this I just heard yesterday is that Amazon wall revenue has increased. They've been flat on net new employees because their margins are increasing based on the amount of robotics that they've introduced into their into their business. And so just calling that out because we are in this brave new world, but it's going to take a while to really see like the the world rebuild on this structure. But between now and then, there's going to be a narrative around all these like unemployment and inefficiencies when most large companies have no freaking idea how to like, integrate this at scale to really make a difference. Yeah, then I mean, I, I agree with you. I think it's a big excuse. We've talked about this like the managerial crisis that exists in this country. You have particularly the larger corporations are just bloated with useless staff, for lack of a better term, right. It's just like laptop babysitting jobs at the end of the day. And yeah, but I, I don't know, I was actually talking about it with Ed, our head of growth at TFTC, because I mean, with Opus 4.5 and clawed code and now clawed Co work, it's insane what we've been able to automate on the back end of TFTC like the dashboards have been able to create. And I do worry that too many people will fall into the Luddite fallacy in terms of like not understanding Jevin's paradox. And I think Jevin's paradox applies to the GPU compute for AI as well as Bitcoin, UTX OS and oil and gas, where there's just so much that can be done. We, we literally had this conversation two hours ago where it's like, I don't think obviously you should cut the fat of the useless middle management sort of managerial elites that are not really doing anything productive and actually hindering you in many ways because you're just a, a roadblock and organizational and hierarchical efficiency, but pretty good for start-ups. Like you're can keep the headcount low, but you can just do so much more and be much more productive. And I think we need as Americans and just humans generally really need to engender this, this environment and this understanding of agency. Like if like the, if you have agency and you're willing to put in the work, you can literally ask the LOM to teach you how to use it. And within a week you can be pretty proficient. And I think we just need to instill this this mentality in the broader public's like, hey, this technology's here. It's incredibly disruptive. You may be worried about losing your job, but it's also going to enable insane productivity gains, insane, insane building if if you're creative and you have agency. And so I think that's actually, there's a social problem to this that we're going to have to overcome. It's just like, yeah, a Spartan level of agency ingrained in the minds of people. And that's why I. Think like this is really a you can call it whatever you want, philosophical, spiritual agency renaissance. That the sad part, And again, this is a little cynical, but a lot of people we'll leave this earth never holding back when or understanding it because part of like a Fiat system and dollar system is remember growing up like money doesn't grow on trees. But that's like a crazy term to bring up to anybody. And it's just the truth, right? Or if it's too good to be true or no such thing as a free lunch. And so that same analogy on like recognizing why scarcity is important in the money is very similar to what you're describing of like the agency to be able to do something. And here's a great example because I had to you about like this brave new world. It's insane, right, that Claude Co work was built based on Claude Co 10 days. But the the analogy was that or the reference point was that this is what Microsoft's been trying to build for years. And that goes back to the philosophy of an organization that when you have that much bureaucracy and it really ends up around, you're competing with that managerial class and others. So there's that aspect. But then to the other side of it, I don't know if you saw this yesterday. I thought this was absolutely incredible because I've always just been a big fan of like Morning Brew's business and how they scaled that and this one guy. Do you have you seen this? Yeah, yeah. You shared it with Ed? Yeah, it's. Absolutely, like amazing and fascinating. And so the, the main point for anybody listening is just pulled up this guy David Roberts recap under score David on Twitter built a 10,000 plus daily reader subscriber base with Morning Brew's style, which has been very effective for the audience that they were reaching and in their acquisition. But it was effectively using and scraping all these different places online around AI and the tools around that and then building this out programmatically. And it took about 5 months to fine tune, but he open sourced it. So now anybody with any domain interest can effectively take that prompt and then put it in whatever niche that they want, start developing that figure out, you know, whatever kind of growth hack ways to build that list. And to your point, an agency make, you know, a good salary for their a living with, you know, taking a couple months work. So it's a crazy net new world. But I think that there's just like the barbell of the people with agency and nimble enough. And then you have basically everything else where all the capitals been parked effectively have the incentive not to do any of this because it's their job on the hook. And that's like the pull, push, pull that we're going to be dealing with over the next decade. Well. That highlights the imperative nature of a transition to a Bitcoin standard. Like if that reality just described as real, this barbell of people with agency and those without it. Like you can't have all this money printing and debt issuance. Like these people are going to need to work menial sort of physical world jobs and make a a modest salary and not have their currency to based in the process. Like if you actually want to manufacture a soft landing for the job market and the consumer base, like you need to, you need to adopt A hard money standard. I mean, this is something Bitcoiners been talking about in the context of AI for for a decade. Obviously Jeff Booths price of tomorrow really leading to the steam specifically. Like we are going to have this artificial intelligence boom. It needs to be paired with the sound currency or you're just going to have insane dislocation in the economy. In case you missed. It earlier, we are offering a limited time opportunity to sign up use code TLT for 50% off your first month with on ramp. I just want to reiterate stakes are high and this is an important decision to think through. So I would fully expect that you'd want to have a conversation with someone on our team could speak with Cam myself, Michael, go to our homepage book a consultation. You can speak with us for 15 minutes, thirty minutes, no obligation beyond that. You can just ask us questions, learn about the solution. And I just want to make sure that as you as a listener, whether it's for you, your friends or family, I just want to make sure you have Peace of Mind and you feel good about this year ahead of us as it relates to Bitcoin ownership, custody and inheritance. So again, limited time offer 50% off your first month, use code TLT. You can just mention that during the consultation or if you do end up just going direct to sign up, mention that code on the website and you'll be all set. So thanks for being here and hope you enjoy the rest of the episode. And the window of opportunity is right now, like for people who are listening to this show, certainly have a think on it for yourself, but also share with your friends and family. Just the general idea here is that we're there will be a point in the future that what Marty and Michael just kind of alluded to will exist, right? A lot of people are going to be displaced by artificial intelligence, which is called technology. That's productivity gains. That's not a bad thing. People are going to be displaced and that is going to happen at a very accelerated rate. I mean, it's already happening. I, I keep pointing back to October of last year because I don't think enough people paid attention to that signpost of over 100,000 layoffs in a single month, which is the most in over 20 years. So I keep pointing back to that because that is just one blip on the radar of what happens over the next five years in terms of the disruption in the workforce. But the flip side, and Marty, I think you've always done a great job of having the optimistic take. And something that I aspire to do as well is that means that there's opportunity. Because if we're talking about Claude code and Co work and these tools, like we're probably in like the 1% of people who have actually meaningfully experimented with any of these things. And so that's not to tutor on horn horns, but it's to say that you're well ahead of the rest of the population and the window of opportunity will close, but you still have time to learn these things. And to your point, Marty, it's like you can just go boot up one of these applications, spend an hour in it and at least get some guidance from the Droid on what you need to be doing. And so I think that's incredibly encouraging. Michael's probably sick of me saying it, but like it's the best time to be alive if you are a high agency person. And if you're a low agency person, it might be the worst time to be alive, unfortunately. But like it's on you at the end of the day as an individual to be responsible, to lean in, to learn technology, to save in Bitcoin. And that's a critical component of as well, because if you're not saving in Bitcoin, then the discrepancy, the disconnect between the inflationary, inflationary currency and the deflationary forces of technology is going to just like totally knock things, knock things all around. And it's going to be a mess. But if you can save in Bitcoin, you're going to, you're going to have to deal with the volatility like we did in the last year and several years of the past. But over the long term, you're going to be in a far better position. Yeah. And it's funny with AI specifically, actually had a conversation with our good friend Will Cole yesterday. I talked to him for about 45 minutes because he saw my Claude Co work tweet and he's been using it too. And we were talking about in the context of like Bitcoin adoption. Like I think it's different than Bitcoin adoption where it really doesn't matter when you adopt it because the AI advancements are happening so quickly. Like that morning brew, automated morning brew, open source project that that got that we were just talking about. He's using N8 N, which is this technology allows you to sort of the Zapier on crack, But we were using N8 N for some of our back, back end stuff at TFTC like 2 months ago. But with Opus 4.5 and Claude code, we were able to rebuild N 8 N and drop our subscription and just like build that ourselves. So like N8N has been a big theme over the last year. People like, all right, if you want to get the most out of AI, use this tool. It's built for it, but with how fast the models and the tools around the models have progressed, like you can replace that as well. And so the point being is like 6 months from now, we're going to be probably an order magnitude more efficient. These tools are going to be even better. And even if you adopt it, then it's like, does it doesn't really matter if you're a laggard that's going to have insane productivity boost for you? Yeah, on on one side of that anchor like it's. Just a rational thing in a, in a accelerated deflationary world, including your job being deflated, a ways to park more and more of your savings into a finite unit because it's just going to protect you in the future. And the thing that you reference around Bitcoin adoption, I think this is one of the most bullish catalyst for Bitcoin that doesn't get talked about it a lot is like really both sides of the barbell of the store of value, people utilizing it, saving in it. But then it's the notion of like the rational thing I know we all agree with is these tools are going to have some level of digital currency and it's going to probably start with a lot with stable coins. But you had the money dev kick guy and I haven't fully listened, but been been meaning to because I think that's a great example of how many people like it's much more efficient to be able to just put a line of code to accept Bitcoin payments. And that's for certain people that maybe can't get a bank, But eventually it's just going to be the most efficient way to accept payments for anything in a digital world. And when that kind of like it's going to be a confluence and converge together that in the digital realm, it's just a unit of currency. In the physical realm, it's also the unit of currency. And those things will come together and it'll just be ubiquitous. And everyone will come at their own angle of like, this thing just has a value. Yeah. I mean, so Nick. Slaney, who's Co founder of money dev kid was on like that's where like going back to what I said earlier, I think stable coins are a siren call because even if these agents have the ability to the give agent stablecoin wallets like you still need to go to circle. You still need to go to stripe, whoever's the issuer and set up an account, put in all your banking information, your EIN, whatever it may be, your Social Security number, if you're doing it as an individual to actually set up those wallets in many cases. And that UX is terrible. Whereas if you listen to the episode with Nick that we published on TFTC earlier this week, like with them, it's non custodial Bitcoin. It's literally go from and having nothing to having payments enabled within 5 minutes. Just vibe coding. And you don't have to ask for permission. You don't have to set anything up. You just create a private public key pair and you're often accepting payments. So I think in the realm of agentic commerce and the currency of choice. And it's funny, as I said this, I was on Bram's podcast earlier this week, Bitcoin for Millennials. And I'm curious too, like anybody in the audience, because I know the models I'm using are a bit biased because they have the context of everything I'm searching. But if you ask, if I ask the models, like if this is a gentic world, this is a gentic economy, does emerge. Like what money do you think they would choose given the choice? And bar none, like bitcoins, always the top answer because of the properties I just described. I thought you're going to ask if the choice are going to usher. In the Bitcoin standard. I thought I was going to ask you if you asked a model can can a. Can a man have a baby? What would it say? Because that's hopefully it would say no. That's another issue. We that's. A good Turing. Test for the model if you want to put it out there. But no, like ask if you don't search Bitcoin on the models, if you haven't used them and you spin one up, let the first question be like, what money do you think agents are going to use? It's going to be Bitcoin. It's not going to be stable coins. There's too many UXUI hurdles that assume is that presuming though that like they have at. That point, it's like full AGI, they have a mind of their own and that's what they're choosing. Because I, I would imagine there's going to be an interim period where people do just insert stable coins into these things where they're not like fully agentic, if that makes sense. I mean, they're certainly going to do it, but like I was I vibe coded. A prototype this morning using code work and if you like go through the process and you actually like read what it's actually doing, like it's trying to do like the thing as efficient as possible. So it's like, all right, we're going to use TypeScript, we're going to use React Native. Like these are very easy to implement and all that. And like if you apply that, if you give the agent a task like, hey, I need you to go acquire a piece of software that allows you to transact with money as efficiently as possible, They're going to go the stable coin route. Be like, well, we could do this, but you have to set up a Stripe account and all this. Or we could use money dev kit and I can just create a private public key pair and we can accept it on your behalf. Yeah, we don't have to go full there, but the the footprints in the. Sand is where I go when you reference that if you read that article, because you know when this stuff becomes aware, if it isn't already, and you can seize the money that it's occurring. Well, it's just going to go set up a private key wallet. And you don't have access to to accept the Bitcoin because why would you want it to be seized and be turned off from the from the capital end? Yeah, or who knows, maybe Quantum. Is coming this year and we're just having we're just having a a feckless conversation. I know we have roughly like 20 minutes. I don't know Jackson where. You want to go, but I do want to bring this up because this could this could take a a good portion of it is really Bellagi's tweet that I think was rivals yours from the other day. We, we started the show and just how prescient and like recognizing, you know, they're going to destroy every Western Fiat Ledger. Anything stored on a Ledger from currency, stocks or bonds will be first exorbitantly taxed and eventually simply sees or simply inflated to 0. That's the logic of the sovereign debt crisis. I think it's basically the stat, the status of where we're at and it's slowly being recognized. And I think gold and silver are these like crazy alarm bells that still very few people are playing, paying attention to. I think today gold silver hit like $93.00 an ounce which is just like insane. So maybe we can chat about this. It hit over 100. I think on the Hong Kong like futures market but like. Spot, I don't know. I always just look at spot because it's like what does it pay for somebody to go into like a local bullion dealer be able to buy? I think right now it's like 9293 oz. But I think on the Hong Kong like futures Exchange, it hit that. Yeah, it's a hit 92. Last night I got trading view up but then the physical price is completely disconnected. Physical is over 100. Oh really? Yeah, I think so. I know. I saw something that the Fed. Is stopping. Selling directly, yeah. Yeah, they're I. Mean, like I said, like we started off the show, like I think people are recognizing, or at least people with large amounts of capital are recognizing, hey, this geopolitical situation, this sort of debt situation doesn't look great right now. Maybe we should rotate into hard assets that can't be seized. This is basically real quick. This is. Basically the thesis. For a super. Cycle without like in it because I think people get caught up in super cycle and Bitcoin goes $1,000,000 in six months. No, the Super cycle is the money's broken. Why would you ever trade it for anything else? And gold is the Canary because if gold goes to 4600, I fully expect it to go to $10,000 because what is a sovereign going to trade it for? For more government debt? Are they going to trade it for copper? Like the there's a structural change in the denominator And in that world, when Bitcoin couches, that bid is recognized, A, the short squeeze is going to be like nothing we've ever seen, but B, what are you going to trade it for once you get to that target point, like, that's all you're going to want. And that's the definition of my view of like a super cycle is this isn't cycles anymore. This is literally just money being repriced. Yeah. And so Bellagi. 'S point like that's why I can't go back to what we were saying earlier. I think we just really need to lean into this fraud aspect of the central governments in the central banks because like I mentioned earlier, California is putting the billionaire tax on, which is they're they're mulling it over. They'll have a boat on it later this year, but I wouldn't be surprised if they pass it. They just want to confiscate wealth that is unrealized in most cases. Like, you're just going to have a bunch of startup founders who are literally driven bankrupt because they're forced to sell their illiquid private company shares on the second market to pay this tax. And then like, again, hopefully we can overcome the strong forces of the color revolution, the Cultural Revolution that is that many people are attempting to, to effectuate on the United States citizens and just shake people awake. Like, hey, you were literally cheering for a government that is rampant with fraud, waste, and abuse to get more power. Like, what are you doing? We need to go the opposite direction. And I think there's that sort of exit option with Bitcoin where you can, you can force the issue and say, no, you're not taking my money, which is important from a state level because I don't know. I'd be curious your guys's take, like the only person I've seen saying this is Mike Belsha on Twitter. But whenever somebody leaves, because I think he's very pro, you know, California from I believe Bicco's headquarters and also may live there, but it's like everyone can leave, but we're just going to bail out California as like the 5th largest economy in the world. And whenever they go tits up, like we're just going to have to pay it. And that goes obviously to the thesis of why you want to hold, you know, your money outside of the system. But it's still like, I I can't argue with that, that what are we going to do? We're just going to end up having to like compensate or or capitalize A defunct state. No, what? What are the the what was it the? California audit office like the official auditor of the state. What did they find 170 billion in fraud with the the route, the high speed rail of nowhere like the homeless crisis and forget what the third thing was that really made-up a large portion of that that that fraud like just let them let the quote UN quote federal government or the state government of California collapse like it is a Leech on the system. It would be a massive benefit for the people of California, and the United States by extension, if that government just went completely bankrupt and wasn't enabled to continue this fraud, waste and abuse when it comes to holding Bitcoin securely Peace of Mind. Starts with architecture On ramps, multi institution custody distributes control across three independent regulated key holders and a two of three quorum. No single point of failure, no pooled or omnibus exposure. Segregated client titled faults. You retain full legal ownership while on ramp coordinates security, compliance and operational workflows behind the scenes. It's strength of money delivered through the simplicity of 1 multi institution custody is the. Foundation for everything we build. Sound infrastructure that distributes counterparty risk and provides fault tolerant resilience with clear audits and institutional controls. And now on ramp is piloting flat predictable pricing making best in class Bitcoin custody and financial services more accessible now than ever. On ramp strengthen many simplicity in one. To learn more, check out on rampbitcoin.com. It's pretty wild. Like Trimoth I guess. Is moving to Austin too. Did you see that? Yeah, yes, you get Trimoth, Sax Falcane is like we said, they're just going to record at like Rogan's podcast. I got out at the right time, you know. Or the wrong time. Yeah, we'll see. I'll be back down there a lot. I still have the office. Down there. So Parker needs you, Parker needs you. I was I was in there. We were just. Looking at your looking at the the TFTC studios trying to figure out how to get to revive this place. I know. Well I'll be back down. I'm coming. Back down soon. But yeah, it's, I don't know, maybe I am too optimistic. But again, with these AI tools too, and with the age of social media, like I think public, the, the ability to influence public perception is way easier than it has ever been. And the leverage is certainly tilted in favor of the individual versus the overarching state apparatus that exist. And I think more people are starting to wake up to this. I like, obviously you have the ice protesters, but those people are objectively crazy. I think people are starting to recognize that. Yeah. From. Just a capital allocation perspective. I mean, it's like. No one's actually even. Paying attention and what I mean by that is you have gold in particular has the sovereign bid and then gold and silver have, I guess there's some sovereign bid for silver as well, but mostly for gold. And then on the retail side, we saw on 25, there was lines at bullion banks and different places you could buy physical silver and gold in 2025. But then you kind of have like the middle of where I think of people who have managed wealth, right? So they have financial advisors and family offices and institutional capital. Most of these investors don't actually own like any gold or silver or Bitcoin. So, Michael, I know you said there's a super. Cycle upon us. And I would be inclined to agree because at the end of the day, there is barely any capital allocated to these asset classes like gold sitting around like north of 30 trillion, Silver's now 5 trillion. We're just kind of crazy because it was about two. I remember everyone was cheering about Bitcoin being a larger asset class in silver like a year or two ago. And now that's a $5 trillion market and Bitcoin's about 2 trillion. So that is really nothing in the grand scheme of things. And if everything that we've been discussing on this podcast and we talked about every week and Marty, you cover on TFTC is true, then we don't really know like how high these things go because as some people like to say, Bitcoin has no top because Fiat has no bottom. Michael's favorite line. Well, it really doesn't. And that's I mean, I think also to steel man it or play devil's advocate a second ahead of our skis. I've been in this position multiple times the last 15 years was like, oh, the system's collapsing next week. Like they to your point, Michael, with California bailout, even though I think they should let the state government of California go into bankruptcy and collapse. They're they're going to find a way to try to manufacture like just a, a Band-Aid on top of everything. But also like look what's going on with Japan, Japanese yields and the geopolitical tensions rising. Like maybe it is. Maybe it is time for the last trade, the Super cycle, the melt up, the Omega candle, hyper bitcoinization, whatever you want to call it. Maybe it is. Find out next. Week on the last trade. Marty, thank you so much for joining us, man. I know you got to run. Want to be respectful of your time. I'd imagine just about everyone is aware of who you are and what you do, but where do you want to send them? If not, just find me on Twitter. I'm Marty Ben. Yeah, just find me there just fine. We can't let Marty get away. This. Easily. I well, the last thing maybe to wrap with is what are you paying attention to most in 2026, whether it's Bitcoin, AI like what's what's on your radar, what's most interesting? I think just selfishly personal. Reasons AI, obviously Bitcoin like IAI to get more Bitcoin is what I would say like making my small team of five people at TFTC and our small team of five people at 10:31 as efficient and productive as possible so that we can bring in more revenue and stack more Bitcoin. To your point, if you have agency, the tools that will enable you to leverage that agency to be more productive and efficient have never been stronger. They're only getting stronger literally day by day. And I think that's the big theme I'm looking for or focusing on at least personally, selfishly. Beyond that, obviously energy is a big sect, a big portion of this. And yeah, there's many things I'm focusing on like tariffs. I think they're they've been a massive success. If descent in the Treasury and Department of Justice start filing charges against like Keith Ellison and other AGS and governors across the country, that would be insanely bullish. Like maybe the Great Awakening, maybe the Q people, right? Patriots are in control. There's stuff going on behind the scenes that we don't know. I think all of it coalescing together is, is really fascinating. And it is a struggle at times to decide what to focus on. But I think coming into 2026, we made it clear, like just focus on what you control. In my life, TFTC 1031, it's like, how do we make these things as powerful as possible? Yeah, very well said for anybody that doesn't listen. To him already, this is him very, you know, buttoned up and polished. If you want to learn about inner Kowal squabbles and you know, Q and on and other things, you can go to TFTC and listen because he has plenty of theories there that we've actually talked about. I don't know if you remember when Brian and I, Ron and we, I think there was a whole podcast dedicated to things that were a little taboo to discuss and probably half of them have proven to be true today. Well, it seems like every year that passes things that were once taboo. Or no longer taboo. So ahead of the curve. Love it. We'll have a a good. Trip to DC and yeah, looking forward to catching up again this year. Gentlemen, it was a pleasure. Let's do it. Again, let's do this more often. We should wait a year. Thank you, Marty. Appreciate your time. So Marty's. Gone and we're I for. Completely forgot. We're going to segment basically we got, I actually the guys don't even know this. There's an incredible swag coming for listeners, not for the team we're going to get. Well, that's mostly what I that's mostly what I wanted to call out. I mean, we can. Do our other segment as well. But yeah, no, no, no, that's what I, that's what I know. Yeah, I was just setting it. Up. So we are going to get more engaging, have a lot of things planned for this year. But to start, we want to figure out who the best guests we should have on. So the thought is that post the show you made it this far, Shoot us a note on Twitter, tag us and who you want to see on the pod. Whatever guest that gets the most likes or retweets you'll Jackson is our associate shipper, so you will send him your address. You can give APO box if you're worried about Jackson having your personal address and then we're going to ship you. Ledger has it anyway. They already have your address. Ledger has your address, so that that's true we can probably find. That without you giving it to us, that'd be pretty interesting exercise in itself. But yeah, this stuff is getting embroidered. It's pretty fancy, so I'm going to have it next week to be able to pull up whatever the winner gets. The guys haven't seen it, but yeah, we're going to. We have a lot planned for the audience this year. And so the first step is let's let's see who else we should be getting on and tag us and then we'll go from there. And I just have a quick question as it relates to what. What you described there. So as an associate shipper, does that make me part of the managerial class? Should I be worried about my job? No, because the reality is. You have to physically go to the post office and like package up the, you know, pullover quarters at, you know, fancy vest like that takes a physical presence. Now eventually when the robot can do it, you know, then that is. But we still need you, Jackson. So your job, Yeah, you got at least you got at least three months before. That happened So easy, Brian. Easy. All right, that's good to know. I think we have my plans. I'll talk to my Droid and figure out my. Plans in the meantime. We actually had a crazy amount of onboarding. Last week, I don't know if it was a symptom of what we announced, but for folks that are still listening, if you use TLT, you get 50% off your first month. And then we announced this week on ramp for individuals, which was exciting because it's really signalling that a lot of people have either thought we don't work with individuals or our pricing structure might not be aligned with their long term plans with their Bitcoin stack. So now we have flat pricing, comes with an IRA account, insurance, inheritance, and we have a lot more coming down South. To the extent you want to check us out, you've been meaning to and been meaning to get to it in the new year. We're really excited not only were to take this podcast, but really the evolution of we look at multi institutions crossing the chasm for everyone to be able to protect their wealth without having to learn all the things that most listeners have had to learn. I'm so excited. And even if it's not for you, you can send your friends and family and we're going to be paying out some pretty substantial referrals as well. So reach out, engage with us. We're going to make this a big year for everybody. Sounds like a plan. Let's go, gentlemen. All right. Thanks guys. Later, boys. Thanks for listening. To this week's. Episode of the show. If you found the information valuable, please share the episode with a friend or leave a rating on your favorite podcast app. All the links we discussed in today's show will be in the show notes inside your podcast app. Before we finish, a quick reminder that Onramp Media is for informational and entertainment purposes only, and nothing should be construed as investment or legal advice. Regardless of where you are on your Bitcoin journey, we'd love to hear from you. Visit onrampbitcoin.com contact to schedule a consultation with one of our private client advisors.