Andrew Keys and David Merin join us to unveil the Ether Machine—a bold new strategy to make ETH the internet’s reserve currency.

We unpack their ambitious plan to acquire and actively manage hundreds of thousands of ETH, why they believe ETH is more than just a treasury asset, and how institutional capital can finally understand and tap into Ethereum’s full potential. From staking and restaking to DeFi yield generation and Wall Street education, this episode explores why Ether is not just digital oil—it’s the engine of the next internet.

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TIMESTAMPS

0:00 Intro

1:32 How Much Ether?

4:57 Other ETH Treasuries

9:41 Ether Machine

12:46 ETH vs BTC

17:27 Ether Machine DeFi Strategy

21:14 Explaining ETH to Wall Street

26:01 How Big is ETH?

28:14 ETH ETFs vs Ether Machine

37:13 Andrew’s Journey

40:54 Gensler’s SEC Era

43:30 Michael Saylor of ETH?

49:29 Decentralization Worries

52:09 ETH’s Narrative Problem

56:47 The Institutional Cycle

1:00:41 Closing

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RESOURCES

The Ether Machine

https://x.com/TheEtherMachine

https://ethermachine.com/

Andrew Keys

https://x.com/ak_ethermachine

David Merin

https://x.com/dfmerin

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

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