Former Blackstone Partner: ALL-IN on Bitcoin's Monetary Revolution

David Thayer, recently retired from Blackstone and involved with OnRamp, joins Jackson Mikalic, Brian Cubellis, and Michael Tanguma to discuss the current state of Bitcoin at approximately $110,000. The crew breaks down why institutional adoption remains low (1-3%) even as BlackRock's iBit ETF now generates more revenue than their S&P 500 fund, and what Rick Edelman's 10-40% allocation recommendation signals about the shifting Overton window for Bitcoin. David and Brian analyze equity market concentration, why Paul Tudor Jones and Philippe Laffont's recent Bitcoin endorsements matter, and whether gold has outperformed the S&P 500 since 2020. The conversation turns to a sharp debate on Bitcoin treasury companies, with Brian and Michael warning that many copycat DAT vehicles expose retail to equity and management risks that are antithetical to simply saving in Bitcoin, wrapping up with Independence Day reflections on Bitcoin as a third party and monetary declaration of independence.