Bitcoin for Millennials

Sminston With is an anonymous Bitcoin researcher, analyst, and PhD in materials engineering who spends his time analyzing Bitcoin through a data-driven lens.
› https://x.com/sminston_with
› https://www.youtube.com/@sminston_with

PARTNERS
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🟧 Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram - Sign up with code BRAM to get 10% off your fees
🔐 The Bitcoin Way is your personal Bitcoin security team. Schedule a free, 30-minute consult: http://www.thebitcoinway.com/bram?utm_medium=podcast&utm_source=partner-bram-kanstein

PRODUCTS I ENDORSE
› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM
› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com
› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com

🔔 SUBSCRIBE TO GET NOTIFIED
› https://youtube.com/@bramk⁠⁠
› https://x.com/bramk

🕑 TIMESTAMPS
00:00 Exploring the Bitcoin Cycle and Business Cycle Correlation04:39 Understanding ISM and PMI Indicators08:18 Liquidity Cycles and Bitcoin's Risk Profile11:41 Visualizing Bitcoin Price and PMI Correlation14:15 Current Market Sentiment and Future Predictions20:24 Google Trends and Public Interest in Bitcoin24:10 Gold's Influence on Bitcoin Bull Runs29:37 Understanding Bitcoin's Adoption and Narrative32:07 The Impact of Global Events on Gold and Bitcoin36:12 Analyzing Bitcoin's Performance Against Gold39:35 The Transparency of Bitcoin Data41:33 Cost of Production in Bitcoin Mining47:37 Future Predictions and Retirement Planning

ℹ️ EPISODE SUMMARY
Bram Kanstein and Sminston With discuss why the “Bitcoin four-year cycle” starts to look more like a business cycle. They tie Bitcoin price bubbles to ISM PMI, liquidity, and the risk-on narrative sitting on top of a risk-off asset. They confront what would invalidate the PMI thesis, and why sentiment lags the data. They break down Google Trends, gold versus Bitcoin, and a possible rotation signal. They close with miner cost of production and an updated Bitcoin retirement guide.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.

Tomer Strolight is a renowned Bitcoin philosopher, and author, lnown for his ability to translate complex monetary theory into profound human insights.
› https://x.com/tomerstrolight

PARTNERS
🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up or schedule a free consult: https://onrampbitcoin.com?utm_campaign=2026_bfm-partnership&utm_source=podcast&utm_medium=referral&utm_content=podcast-description
🟧 Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram - Sign up with code BRAM to get 10% off your fees
🔐 The Bitcoin Way is your personal Bitcoin security team. Schedule a free, 30-minute consult: http://www.thebitcoinway.com/bram?utm_medium=podcast&utm_source=partner-bram-kanstein

PRODUCTS I ENDORSE
› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM
› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com
› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com

🔔 SUBSCRIBE TO GET NOTIFIED
› https://youtube.com/@bramk⁠⁠
› https://x.com/bramk

🕑 TIMESTAMPS
00:00 The philosophical exploration of Bitcoin02:28 Bitcoin's impact on freedom and awareness05:57 Escape the fiat money cult06:29 The red pill moment of Bitcoin09:57 Living in alignment with truth and responsibility12:23 Bitcoin as a truth machine16:38 Bitcoin's integrity21:19 The role of entropy and energy in Bitcoin30:41 The rules-based system of Bitcoin36:36 Bitcoin as a natural law and trustless system41:37 The future of Bitcoin and civilization46:01 Long-term vision: Humanity's interstellar journey55:45 Bitcoin's purpose

ℹ️ EPISODE SUMMARY
Bram Kanstein and Tomer Strolight discuss why Bitcoin’s real punch is not ETFs or number go up, it is a truth machine that exposes fiat’s corruption. They frame Bitcoin as rules without rulers, a system where you cannot cheat, only opt in. They connect proof of work, entropy, and verifiable consensus to personal sovereignty and responsibility. They confront why “don’t trust, verify” rebuilds trust between people by removing incentives to lie. They end on Bitcoin as a declaration of peace, plus a wild, low time preference future.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.

Vijay Boyapati is the author of The Bullish Case for Bitcoin, widely considered one of the most important foundational philosophical texts in the space.
› https://x.com/real_vijay
👉 PART 1: https://open.spotify.com/episode/7KBHhx69wkMH7A9PB2aw8P?si=Xh7cK4VaQ2Cn2IGXuzRV1w
👉 PART 2: https://open.spotify.com/episode/6WOZcjmYhwXahV2YpWe0Po?si=zBXJhrcAQl-IgiMMywyJ6g

PARTNERS
🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up with code BRAM to receive $150 in Bitcoin after your first deposit: https://onrampbitcoin.com?utm_campaign=2026_bfm-partnership&utm_source=podcast&utm_medium=referral&utm_content=podcast-description
🟧 Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram - Sign up with code BRAM to get 10% off your fees
🔐 The Bitcoin Way is your personal Bitcoin security team. Schedule a free, 30-minute consult: http://www.thebitcoinway.com/bram?utm_medium=podcast&utm_source=partner-bram-kanstein

PRODUCTS I ENDORSE
› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM
› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com
› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com

🔔 SUBSCRIBE TO GET NOTIFIED
› https://youtube.com/@bramk⁠⁠
› https://x.com/bramk

🕑 TIMESTAMPS
00:00 The Broken Yardstick: Understanding Value in a Debased Economy02:55 The Consequences of Inflation: Misallocation and Economic Pain05:47 The Importance of a Hard Money Standard08:00 Incentives and Motivation in a Fiat Economy08:35 The Shift to a Bitcoin Standard: A New Economic Mindset10:50 Investing in a Hard Money World: Equity vs. Debt13:45 The Honest Money Standard: Transparency and Trust16:11 The Moral Impact of Bitcoin on Society23:07 The Impact of Fiat Money on Society28:00 Generational Perspectives on Freedom and Bitcoin29:32 Bitcoin as a Tool for Millennial Empowerment31:43 Bitcoin vs. Fiat: A Paradigm Shift34:56 The Future of Money: Bitcoin's Role in a Multipolar World

ℹ️ EPISODE SUMMARY
Bram Kanstein and Vijay Boyapati discuss Bitcoin’s end game, the unit of account, and why fiat acts like a broken yardstick. They reveal how inflation misallocates capital, forces hidden second jobs, and turns saving into gambling. They challenge debt-based investing, arguing a Bitcoin standard pushes equity, honesty, and long-term planning. They connect hard money to sovereignty, lower time preference, and a building mindset over consumption. They close on multipolar geopolitics, capital controls, and why Bitcoin beats gold for human freedom.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.

Vijay Boyapati is the author of The Bullish Case for Bitcoin, widely considered one of the most important foundational philosophical texts in the space.
› https://x.com/real_vijay
👉 PART 1: https://open.spotify.com/episode/7KBHhx69wkMH7A9PB2aw8P?si=Xh7cK4VaQ2Cn2IGXuzRV1w
👉 PART 3: https://open.spotify.com/episode/0wQpXcrILyP9AC307TKM7b?si=_ayWdMk1QPqb8qkX2Sy9cA

PARTNERS
🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up or schedule a free consult: https://onrampbitcoin.com?utm_campaign=2026_bfm-partnership&utm_source=podcast&utm_medium=referral&utm_content=podcast-description
🟧 Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram - Sign up with code BRAM to get 10% off your fees
🔐 The Bitcoin Way is your personal Bitcoin security team. Schedule a free, 30-minute consult: http://www.thebitcoinway.com/bram?utm_medium=podcast&utm_source=partner-bram-kanstein

PRODUCTS I ENDORSE
› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM
› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com
› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com

🔔 SUBSCRIBE TO GET NOTIFIED
› https://youtube.com/@bramk⁠⁠
› https://x.com/bramk

🕑 TIMESTAMPS
00:00 The S Curve of Bitcoin Adoption09:13 Understanding Bitcoin's Volatility and Market Cycles14:42 The Future of Bitcoin Adoption16:19 Bitcoin vs Gold: The Comparative Advantage20:28 Bitcoin vs Gold: A New Era of Value22:34 The Psychological Battle: Gold's Brand Power vs Bitcoin's Adoption25:56 Generational Shift: Bitcoin's Future in Central Banking28:55 Geopolitical Implications of Bitcoin Adoption by Nation States35:11 Decentralization: The Key to Bitcoin's Resilience38:34 Conclusion: The Future of Bitcoin and Global Financial Systems

ℹ️ EPISODE SUMMARY
Bram Kanstein and Vijay Boyapati discuss why Bitcoin monetization moves in violent hype cycles, not a neat line up and to the right. They frame volatility as the exchange rate of a new money, not a bug. They confront gold’s “trust me bro” plumbing, from labeling and audits to border risk, and why Bitcoin is gold with teleportation built in. They unpack ETFs, grassroots adoption, and why institutions change one funeral at a time. They map what nation state reserves mean for sovereignty and a post Bretton Woods world.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.

Vijay Boyapati is the author of The Bullish Case for Bitcoin, widely considered one of the most important foundational philosophical texts in the space.
› https://x.com/real_vijay
👉 PART 2: https://open.spotify.com/episode/6WOZcjmYhwXahV2YpWe0Po?si=zBXJhrcAQl-IgiMMywyJ6g
👉 PART 3: https://open.spotify.com/episode/0wQpXcrILyP9AC307TKM7b?si=_ayWdMk1QPqb8qkX2Sy9cA

PARTNERS
🌳 Gain peace of mind with Onramp’s Multi-Institution Custody solution. Sign up with code BRAM to receive $150 in Bitcoin after your first deposit: https://onrampbitcoin.com?utm_campaign=2026_bfm-partnership&utm_source=podcast&utm_medium=referral&utm_content=podcast-description
🟧 Buy Bitcoin in the EU 🇪🇺 via https://relai.me/bram - Sign up with code BRAM to get 10% off your fees

PRODUCTS I ENDORSE
› Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM› Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM
› Blockstream Jade Plus: The simplest and most secure hardware wallet on the planet - Get 10% off with code BRAM at https://store.blockstream.com
› Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com

🔔 SUBSCRIBE TO GET NOTIFIED
› https://youtube.com/@bramk⁠⁠
› https://x.com/bramk

🕑 TIMESTAMPS
00:00 The Unique Discovery of Bitcoin's Scarcity02:04 Understanding the Importance of Scarcity in Money03:51 The Quest for Digital Scarcity07:23 Satoshi Nakamoto and the Birth of Bitcoin10:04 Bitcoin's Immaculate Conception and Its Unique Properties13:21 The Trustworthiness of Bitcoin and Its Historical Context21:30 Bitcoin's Evolution: From Collectible to Store of Value33:43 Understanding Bitcoin: The Greatest Wealth Transfer Opportunity41:29 The Unique Asymmetry of Bitcoin as an Investment

ℹ️ EPISODE SUMMARY
Bram Kanstein and Vijay Boyapati discuss why Bitcoin is a one-time discovery, not another tech product you can copy and paste. They frame absolute digital scarcity as a new element, born from the cypherpunks and the Byzantine Generals problem. They confront Bitcoin’s “immaculate conception”, open source, permissionless, founder disappears, plus the Lindy and network effects that lock in trust. They challenge the “40,000 cryptos” argument and why network effects make copycats irrelevant. They break down monetization stages, collectible to store of value, and why taxes and volatility distort the coffee test.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.