The Bitcoin Standard Podcast

Saifedean examines whether growing stablecoin demand can reduce price inflation & help US fiscal solvency. He focuses on often-overlooked trade-offs: lost seigniorage, displaced long-term Treasury demand & bank credit, & more fragile short-term funding & rollover risk.

Marina Azzimonti and Vincenzo Quadrini — Digital Assets and the Exorbitant Dollar Privilege
 Marina Azzimonti and Vincenzo Quadrini — Digital Economy, Stablecoins, and the Global Financial System
 Stephen Miran — A Global Stablecoin Glut: Implications for Monetary Policy
 Rashad Ahmed and Iñaki Aldasoro — Stablecoins and Safe Asset Prices
 Congressional Budget Office — How Changes in Economic Conditions Might Affect the Federal Budget: 2026 to 2036
 Saifedean Ammous — Bitcoin & Tether: Drinking the Dollar Milkshake — Bitcoin 2025
 Treasury Borrowing Advisory Committee — Report to the Secretary of the Treasury

Saifedean argues bitcoin mining electricity consumption and capital expenditure may have peaked, and presents the argument as a testable hypothesis, and discusses the long-term implications for bitcoin, mining, and AI.

Full Article:

https://saifedean.substack.com/p/bitcoin-electricity-consumption-may
https://x.com/saifedean/status/2099782818138128866

Sponsors:

Swan - Your Partner for Generational Wealth - https://swan.com/saif
The Saif House - High quality cloth hardcover bitcoin books by Saifedean & more delivered worldwide, with 10% off for paying in bitcoin - https://TheSaifHouse.com

Saifedean hosts a debate between JW Weatherman and Giacomo Zucco on whether hardware wallets are a security liability. They discuss the Cold Card entropy backdoor, multi-vendor multisig, the code review process in Bitcoin Core, using generic laptops, and how to think about your threat model.

Sponsors:
 
Swan: Buy your bitcoin and get concierge service from https://bit.ly/3KeR1Li

The Saif House: Get Saifedean's books and high quality bitcoin & economics books with bulk discounts on https://bit.ly/46zZ5fx

Learn more: https://yeticold.com/
Follow Giacomo Zucco:https://x.com/giacomozucco
Follow JW Weatherman: https://x.com/JWWeatherman_

Saifedean talks to Ben Westgate and @BtCPavao about how to store bitcoin safely with Bitcoin Core and an old laptop, generating and backing up keys, the problems with BIP39 seed phrases, when multisig makes sense, custodians, and why gambling and lending destroy stacks.

Saifedean joins Mark Moss to discuss how fiat money and central banking are destroying people's ability to build wealth, why Bitcoin beats gold as a store of value, the recent Cold Card hack, self-custody, and whether borrowing to buy Bitcoin is a smart strategy.