Pleb UnderGround

Lutnick: Bitcoin Going Much Higher, FED Crackdown, Spectre DIY & Steak n' Shake's Bitcoin AD

Aug 29, 2025
Howard Lutnick predicts Bitcoin's ascent, sparking thoughts on institutional interest amid skepticism about some companies' motives. The conversation digs into the evolving acceptance of Bitcoin in traditional finance while critiquing the Federal Reserve's accountability. There's humor in discussing a recent Steak n' Shake ad featuring Bitcoin, and scrutiny on corporate interests in the crypto space leads to calls for companies to adopt Bitcoin into their balance sheets. Expect insight and laughs as the hosts navigate this thrilling crypto landscape!
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ANECDOTE

Spectre Do‑It Revival

  • The host revived his old Spectre Do-It hardware wallet and confirmed it still worked after years unused.
  • He praised Spectre Desktop as a multi-sig self-custody tool and welcomed its return under SwanBitcoin.
ADVICE

Host Your Own Multi‑Sig Carefully

  • Consider hosting your own multi‑sig with Spectre Desktop to avoid third‑party exposure.
  • Balance that against increased responsibility and potential single‑owner wrench risk.
INSIGHT

Paper Bitcoin Dilution Problem

  • Many public companies issue shares to raise cash and buy Bitcoin, but dilution often hurts shareholders.
  • The host argues Wall Street values cashflow and earnings more than Bitcoin-per-share metrics.
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