Bitcoin Hasn’t Changed—So Why Is Everyone Selling?

Subscribe to my channel for more high signal bitcoin content! Bitcoin hasn’t changed—but market sentiment, Bitcoin treasury companies, institutional adoption, and the custody landscape are shifting fast. In this episode, Jackson Mikalic explains the Bitcoin bear market, why investors are panicking, and what may drive the next phase of adoption. We also explore Bitcoin self-custody, multi-institution custody, inheritance planning, AI agents using Bitcoin, Wall Street’s growing involvement, and whether the Trump administration delivered on its promises to the Bitcoin industry.Jackson Mikalic is the host of The Last Trade podcast and works with Onramp Bitcoin, where he helps individuals and families think through long-term Bitcoin ownership, security, custody, and generational wealth. This conversation is for educational purposes only and should not be considered financial advice.  Timestamps 00:00 Inflation, Bitcoin and the political rug pull01:23 Bitcoin hasn’t changed—so what has?02:11 Understanding Bitcoin’s latest market cycle03:01 Leverage, liquidations and collapsing crypto assets05:30 Is now the time to buy more Bitcoin?06:25 Financial institutions are building during the bear market08:09 Why Bitcoin treasury companies may be permanently impaired10:32 Own Bitcoin—not just Bitcoin exposure12:39 Why Onramp Bitcoin was created14:39 Bitcoin inheritance and generational wealth15:20 The risks of leaving Bitcoin on exchanges16:26 When self-custody becomes too complicated17:12 How multi-institution custody works20:31 Proof of reserves versus proof of ownership23:19 Why podcasts build trust for Bitcoin businesses29:12 Does Bitcoin’s price need to keep rising?31:30 Is there a ceiling to Bitcoin self-custody?33:25 AI, leaked data and physical security risks35:22 Protecting your family versus complete sovereignty39:12 Bitcoin as money, savings and a unit of account40:10 Why hyperbitcoinization is taking longer than expected41:30 Could AI adopt Bitcoin before humans?46:49 Did Trump rug pull the Bitcoin industry?47:58 What went wrong with Bitcoin treasury companies48:34 Wall Street’s Bitcoin infrastructure buildout50:45 Why financial institutions will eventually bend the knee to Bitcoin53:29 How Bitcoin changes the way you see the world56:22 Podcasting, creativity and meaningful relationships58:50 Where to follow Jackson and learn about Onramp Bitcoin Connect with Us: Jackson on LinkedIn:https://www.linkedin.com/in/jacksonmikalic/ Onramp Media Podcast: https://open.spotify.com/show/15ONfoz8s1vqyVGbg7re4H Onramp Bitcoin: https://onrampbitcoin.com/ Kyle on X: https://x.com/thekylehuber Kyle on Instagram: @kylehuber21 Kyle's Website: kylehuber.com ⚡ If this conversation gave you something to thinkabout, share it with someone building on Bitcoin.  Support Yourself, Support the Pod! 15% off at Born to Be Free Online Store: https://oshi.link/C2mHb0Buy the Daylight Co DC-1: https://buy.daylightcomputer.com/WEARESATOSHI($25 off with code: WeAreSatoshi) 15% OFF your order of earthy energy : https://liveearthy.co bg_ref=c8KTLsLeKv (code KHuber) 10% off Chroma Blue Light Glasses and Other Products: https://getchroma.co/?ref=ixabomjq (code: KYLE10) SLNT Faraday Bags: https://slnt.com/?avad=428701_b45ea6cd1Stream sats on Fountain: ⁠ https://fountain.fm/show/oNj9eSXpNudLR2XoMtKL Watch + subscribe on YouTube: https://www.youtube.com/@WeAreSatoshiPodIf you are interested in buying Bitcoin, River is the best place to do so: ⁠ https://river.com/signup?r=4JAPK6Q2⁠ Send me an email with feedback/questions: wearesatoshipod@gmail.com