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Bitcoin’s Biggest Unsolved Problem is Custody | Michael Tangum

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Manage episode 505305773 series 3664872
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, co-founder & CEO of Onramp Michael Tanguma argues that this Bitcoin cycle is fundamentally different due to the rising sovereign and institutional bid, suppressed volatility, and structural changes in custody. He explains why gold’s surge is a smoke detector for sound money adoption, why collaborative custody must evolve beyond self-storage and third-party custodians, and why 2022’s collapse was just a “dry run” for the risks ahead. Enjoy!

Follow Michael: https://x.com/MTanguma

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock

Supply Shock Survey: https://bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6

Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for £100 OFF

https://blockworks.co/event/digital-asset-summit-2025-london

Timestamps:

(00:00) Introduction

(04:06) Where Are the Sovereigns?

(08:10) Whales Selling BTC

(09:34) Where is the Cycle Headed?

(12:26) Market Infrastructure & Self-Custody

(18:43) DATs & Bitcoin Custody

(23:30) Why is Custody an Issue?

(26:53) Lending Market & FTX 2.0

(31:07) Wild West of Crypto

(36:13) ETFs & Tokenization

(38:19) Altcoins in a Maturing Market

(40:54) 2025 Predictions

(42:25) Final Thoughts

Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

  continue reading

449 episodes

Artwork
iconShare
 
Manage episode 505305773 series 3664872
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, co-founder & CEO of Onramp Michael Tanguma argues that this Bitcoin cycle is fundamentally different due to the rising sovereign and institutional bid, suppressed volatility, and structural changes in custody. He explains why gold’s surge is a smoke detector for sound money adoption, why collaborative custody must evolve beyond self-storage and third-party custodians, and why 2022’s collapse was just a “dry run” for the risks ahead. Enjoy!

Follow Michael: https://x.com/MTanguma

Follow Rizzo: https://x.com/pete_rizzo_

Follow Supply Shock: https://twitter.com/SupplyShockBW

Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx

Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock

Supply Shock Survey: https://bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6

Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for £100 OFF

https://blockworks.co/event/digital-asset-summit-2025-london

Timestamps:

(00:00) Introduction

(04:06) Where Are the Sovereigns?

(08:10) Whales Selling BTC

(09:34) Where is the Cycle Headed?

(12:26) Market Infrastructure & Self-Custody

(18:43) DATs & Bitcoin Custody

(23:30) Why is Custody an Issue?

(26:53) Lending Market & FTX 2.0

(31:07) Wild West of Crypto

(36:13) ETFs & Tokenization

(38:19) Altcoins in a Maturing Market

(40:54) 2025 Predictions

(42:25) Final Thoughts

Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock

  continue reading

449 episodes

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