Bitcoin's Best Weekly Close Since January

Jackson Mikalic, Michael Tanguma and Brian Cubellis look at bitcoin's highest weekly close since January, a quarter up about 43% and a move of roughly 50% off the bottom. Brian makes the case that the move is not a fake out, and Michael walks through bond yields, AI capex and private credit as the backdrop. The hosts open a new Ask Onramp listener segment, discuss Ari Paul's public comments about Coinbase and custody concentration across the spot bitcoin ETFs, then cover Citigroup, Morgan Stanley's digital asset lab, AI agents and the White House AI accord.

Chapters

00:00 - Welcome from Philly week 03:19 - Bitcoin's best weekly close since January, up 43% in Q3 04:30 - Brian On The 50% Bounce And The 2022 Comparison 07:40 - October seasonality and rising bond yields 13:18 - Michael On Bonds, Capex And Private Credit 14:51 - Howard Marks, the rate hike and 21 million 16:23 - The Hosts On Position Sizing 17:44 - Ask Onramp: The First Listener Question, On Custody 23:04 - The Hosts On Ari Paul's Coinbase Comments 27:58 - The Hosts On Single-Custodian Risk 31:22 - The Hosts On Coinbase And Spot Bitcoin ETF Custody 34:50 - The Hosts On Custody Models 38:22 - Citigroup, Coinbase and Morgan Stanley's digital asset lab 44:39 - The Hosts On AI Bank Runs And Reported Bank Failures 48:04 - The Hosts On Adam Back, Blockstream And Liquid 52:12 - Muse, Reported Apple Layoffs And AI Agents Managing Money 58:58 - The Hosts On 60/40, The White House AI Accord And Open Weights