THE Bitcoin Podcast

Who is left to sell Bitcoin?

James Check (Checkmate) and Michael Sullivan are back for round two after Peak Apathy. We put Check’s on-chain analysis alongside Michael’s language-based sentiment research to explore the gap between Bitcoin’s recovering price and the crowd’s lingering disbelief.

Check explains his seller-exhaustion thesis and why a calendar is no substitute for studying how holders behave. Michael breaks down excitement, desire, fear and anger—and why hoping for a higher price is not the same as buying Bitcoin.

We also discuss coin age and spending behavior, DCA versus emotional buying, how to measure Bitcoin’s returns, and why quieter Bitcoiners may simply be busy building businesses and raising families. Then we zoom out to adoption “one funeral at a time,” shifting narratives, AI, scarcity, and the history embedded in Bitcoin’s UTXO set.

Both guests remain bullish, but their thesis is not a guarantee: Check allows for another selloff, and Michael explicitly separates his long-term conviction from the next two weeks.

Recorded October 19, 2026.

JAMES CHECK / CHECKMATE

Website

Newsletter

X

MICHAEL SULLIVAN

Bitcoin Sentiment Weekly

Links and writing

X

Blood of the Bourgeoisie

ROUND ONE — PEAK APATHY

Listen to round one

Original Peak Apathy research

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PARTNERS & DISCOUNTS:

VERIFY WEALTH: Bitcoin-focused financial planning. Book a call: https://verifywealth.com/Walker

LEDN: Bitcoin-backed lending. Go to https://ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin.

BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off!

CASA MULTI SIG COLLABORATIVE CUSTODY: get 3 FREE MONTHS off your membership when you use my referral link https://casa.io/pricing?ref=311d0b0f or use my code at checkout: 311d0b0f

Own Bitcoin Miners. Keep 100% Of The Bitcoin. Get 1st month of free hosting with https://abundantmines.com/walker

Buy Bitcoin with River: http://partner.river.com/walker

GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER

SPONSOR DISCLOSURE Verify Wealth paid for this placement. I'm not a client of theirs, just a believer in what they're building. Nothing in this podcast should be taken as individual financial advice.

If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:

FOLLOW ME (Walker) on @WalkerAmerica on X | @TitcoinPodcast on X | Nostr Personal (walker) | Nostr Podcast (Titcoin) | Instagram | YouTube | Everywhere else

Could AI change how society makes decisions—and why is Erin Redwing watching 2032? Erin joins Walker for a conversation about Bitcoin, artificial intelligence, astrology, historical cycles and keeping your human agency in a world that is changing fast.

We discuss the AI you notice versus the AI you don't, why long-form conversations matter when a clip can turn you into someone else, and how we both use AI in our creative work. Erin explains her interpretation of planetary and civilizational cycles, including her speculative 2032 thesis, before we get into internet mind viruses, humor, the next generation and why Bitcoin gave her hope.

Erin's ideas about astrology and 2032 are her interpretations and open questions, not established predictions or investment advice.

ERIN’S LINKS

Website: https://erinredwing.com X: https://x.com/realizingerin YouTube: https://www.youtube.com/@realizingerin Hell Money: https://hell.money/

Join Walker's Substack to get new episodes dropped straight in your inbox: https://walkeramerica.substack.com/

PARTNERS & DISCOUNTS:

VERIFY WEALTH: Bitcoin-focused financial planning. Book a call: https://verifywealth.com/Walker

LEDN: Bitcoin-backed lending. Go to https://ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin.

BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off!

CASA MULTI SIG COLLABORATIVE CUSTODY: get 3 FREE MONTHS off your membership when you use my referral link https://casa.io/pricing?ref=311d0b0f or use my code at checkout: 311d0b0f

Own Bitcoin Miners. Keep 100% Of The Bitcoin. Get 1st month of free hosting with https://abundantmines.com/walker

Buy Bitcoin with River: http://partner.river.com/walker

GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER

SPONSOR DISCLOSURE Verify Wealth paid for this placement. I'm not a client of theirs, just a believer in what they're building. Nothing in this podcast should be taken as individual financial advice.

f you enjoy THE Bitcoin Podcast you can help support the show by doing the following:

FOLLOW ME (Walker) on @WalkerAmerica on X | @TitcoinPodcast on X | Nostr Personal (walker) | Nostr Podcast (Titcoin) | Instagram | YouTube | Everywhere else

How much Bitcoin is enough—and what is it actually for? Jessy Gilger, CFP® and founder of Verify Wealth, joins Walker to connect Bitcoin conviction with the practical work of taxes, inheritance, cash flow, and making time for the people you love.

We discuss why your legal documents, financial plan, and Bitcoin keys need to agree; how unclear inheritance instructions can burden a grieving family; and how tax planning fits into a life built around Bitcoin. Jessy also explains the idea behind Bitcoin Scholars Fund and why “stay humble, stack Saturdays” matters just as much as stacking sats.

Jessy Gilger

Verify Wealth — Walker landing page: https://verifywealth.com/Walker

I do not receive any commission from this link; it is only a landing-page tracking link.

Jessy on X: https://x.com/idahohodl

Bitcoin Scholars Fund: https://bitcoinscholars.org

PARTNERS & DISCOUNTS:

LEDN: Bitcoin-backed lending. Go to ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin.

BLOCKSTREAM JADE: BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off!

CASA MULTI SIG COLLABORATIVE CUSTODY: Get 3 FREE MONTHS off your membership when you use my referral link to sign up for your Casa membership: https://casa.io/pricing?ref=311d0b0f or use my code at checkout: 311d0b0f

MINING: Own Bitcoin Miners. Keep 100% Of The Bitcoin. Get 1st month of free hosting with https://abundantmines.com/walker

Buy Bitcoin with River: http://partner.river.com/walker

GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER

If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:

FOLLOW ME (Walker) on @WalkerAmerica on X | @TitcoinPodcast on X | Nostr Personal (walker) | Nostr Podcast (Titcoin) | Instagram | YouTube | Everywhere else

Chapters

00:00 Intro: death, taxes, 21 million

01:11 Jessy Gilger: Cybertruck, self-driving & privacy

10:49 Why Jessy built Verify Wealth

12:22 Sponsor: Ledn

13:36 Sponsor: Blockstream Jade Plus

14:47 Why Bitcoiners need a financial plan

16:57 The problem with percentage-based advisory fees

21:24 Bitcoin taxes, cost basis & planning ahead

25:07 Roth accounts, gifting & tax buckets

28:10 Expats, residency & capital gains

30:14 Tax-loss harvesting & wash-sale discussion

33:15 Bitcoin Scholars Fund & school-choice credits

37:38 Connect your keys to your inheritance plan

42:09 Probate, trusts & family privacy

47:52 Give your spouse confidence, not a puzzle

50:22 Plan B: jurisdiction, custody & optionality

55:20 Death, taxes, 21 million & the money printer

01:00:42 Cash flow, retirement & spending with purpose

01:07:05 Market cycles, goals & when to sell

01:14:08 “I have enough Bitcoin”

01:17:54 Stay humble, stack Saturdays

01:18:59 Verify Wealth & Bitcoin Scholars Fund

Newsletter: https://walkeramerica.substack.com

Editorial Correction

At approximately 1:04:29, the conversation mentions airline pilots retiring at 62. The FAA limit for pilots serving in Part 121 airline operations is 65: https://www.faa.gov/faq/what-maximum-age-pilot-can-fly-airplane

In this episode of The Bitcoin Podcast, I sit down with Cory Klippsten, CEO of Swan Bitcoin, to talk about where Bitcoin stands today. Cory explains why he thinks most Bitcoin treasury companies fell short of what they promised, and why he now recommends keeping at least 90% of your Bitcoin exposure in the real thing rather than stocks, ETFs, or other proxies. He also pushes back on the idea that AI agents will drive Bitcoin payments, arguing they'll mostly pay in digital dollars, and that the stronger use case is censored humans who need money that can't be stopped.

He also explains why his advice has hardened to keeping 90% or more of your exposure in real Bitcoin.

PARTNERS & DISCOUNTS:

LEDN: Bitcoin-backed lending. Go to ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin.

BLOCKSTREAM JADE: BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off!

CASA MULTI SIG COLLABORATIVE CUSTODY: Get 3 FREE MONTHS off your membership when you use my referral link to sign up for your Casa membership: https://casa.io/pricing?ref=311d0b0f or use my code at checkout: 311d0b0f

Buy Bitcoin with River: http://partner.river.com/walker

GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER

GUEST LINKS:

X: https://x.com/CorySwan

SUBSTACK: https://dailybitcoiner.substack.com/

If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:

FOLLOW ME (Walker) on @WalkerAmerica on X | @TitcoinPodcast on X | Nostr Personal (walker) | Nostr Podcast (Titcoin) | Instagram | YouTube | Everywhere else

Welcome to Kayfabe University. Class is in session.

Rod Palmer and Richard Greaser of The Bitcoin Bugle return for a conversation about the performance, propaganda, satire, and manufactured reality shaping life online.

We discuss fake audiences, bot-driven influence, political theater, Gen Z’s ability to monetize everything, and what happens when kayfabe produces real-world consequences. We also explore how to find signal in the noise, why authenticity is becoming a superpower, and the simple white pill of turning off your phone and living your life.

Join the substack to get new episodes delivered straight to your inbox: https://walkeramerica.substack.com/

FOLLOW BUGLE NEWS:

X: https://x.com/bitcoin_bugle

THE BUGLE WEEKLY PODCAST: https://fountain.fm/show/lxGTDDEMKkUGn2EN3YRi

FOLLOW ROD:

X: https://x.com/rodpalmerhodl

FOLLOW RICHARD:

X: https://x.com/GreaserRichard

PARTNERS & DISCOUNTS:

LEDN: Bitcoin-backed lending. Go to ledn.io/walker and unlock liquidity WITHOUT selling your bitcoin.

BLOCKSTREAM JADE: BLOCKSTREAM JADE HARDWARE WALLET: Head to https://store.blockstream.com/ and use coupon code WALKER for 10% off!

CASA MULTI SIG COLLABORATIVE CUSTODY: Get 3 FREE MONTHS off your membership when you use my referral link to sign up for your Casa membership: https://casa.io/pricing?ref=311d0b0f or use my code at checkout: 311d0b0f

MINING: Own Bitcoin Miners. Keep 100% Of The Bitcoin. Get 1st month of free hosting with https://abundantmines.com/walker

Buy Bitcoin with River: http://partner.river.com/walker

GET FOLD ($10 in bitcoin): https://use.foldapp.com/r/WALKER

If you enjoy THE Bitcoin Podcast you can help support the show by doing the following:

FOLLOW ME (Walker) on @WalkerAmerica on X | @TitcoinPodcast on X | Nostr Personal (walker) | Nostr Podcast (Titcoin) | Instagram | YouTube | Everywhere else