Ross Stevens, Stone Ridge’s writer of a viral investor letter on Bitcoin strategy success, discusses Bitcoin's dominant performance in 2023, Microstrategy's increased BTC acquisition, corporate advantages of adopting a Bitcoin standard, involvement of J.P. Morgan in Bitcoin ETFs, and the competition in the ETF market.

Ross Stevens, a First Amendment advocate for Bitcoin, joins Roman Storm, a Tornado Cash developer facing a criminal trial. They discuss Bitcoin's classification as protected speech and the implications of the trial on software development. The duo navigates the legal landscape affecting cryptocurrency, highlighting risks of increased regulations and government surveillance. They also unpack corporate power struggles, recent advancements in crypto technology, and the role of Bitcoin amid global financial instability, driving home its potential as a safe haven.