Altcoin Confusion, Political Tokens, and the Hard-Money Answer

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Presented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction and Market Overview

01:52 - Blockchain and Government Data Confusion

05:52 - The Rise of Prediction Markets

10:01 - Trump Media and Digital Assets

13:23 - Fed Policy and the Dollar's Reserve Status

19:36 - The Shift Towards Hard Assets

25:17 - The Future of Investment Strategies

32:14 - Career Risk and Market Dynamics

34:45 - The Mortgage Crisis and Real Estate Liquidity

36:15 - The Rise of ETFs and Financialization

39:41 - The Challenge of Outperforming Benchmarks

42:40 - The Importance of Small Allocations in Crypto

46:01 - The Role of Incentives in Financial Products

48:43 - CFTC's New Advisory on Offshore Exchanges

54:38 - Institutional Investors and the Crypto Dilemma

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Links discussed:
https://archive.ph/XFfSe
https://www.theblock.co/post/368295/trump-media-crypto-com-cro-token-treasury-funding
https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launchEktBp6GuTDvqhf3MZXIVFYfFFqAJd0Ov4pUL42sn7RDX-1hGRmECPS8DlqSLw%3D%3D
https://x.com/KobeissiLetter/status/1962235795622035767
https://x.com/elerianm/status/1962275798619914297
https://x.com/KobeissiLetter/status/1962532572015001630
https://www.nbcnews.com/politics/white-house/trump-removing-federal-reserve-governor-lisa-cook-rcna227138
https://www.bloomberg.com/news/articles/2025-08-25/us-etfs-eclipse-total-number-of-stocks-in-paradox-of-choice-for-investors?utm_source=substack&utm_medium=email
https://x.com/LukeGromen/status/1958522779331961319
https://cryptobriefing.com/offshore-crypto-trading-cftc-guidance/
https://x.com/LukeGromen/status/1959631878547259400
https://stanfordreview.org/uchicago-lost-money-on-crypto-then-froze-research-when-federal-funding-was-cut/

Keep up with Michael: https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian: https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam: https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/