Show Notes
Larry Lepard, Bob Burnett and Gary Leland on the September move: Bitcoin caught air off 62 and ran to 81 before settling near 77, the Fed's rate decision, Treasury buybacks tripling to $6 billion, and why half the people mining Bitcoin are probably losing money right now.
Larry's call: $180,000 by the end of 2027. Bob's view from inside mining: the median cost of production is in the mid $60,000s, and spot is barely above it. And for anyone still waiting for $50,000 — Larry has a two-word answer.
Plus: the fourth Boomer joins us from an elk camp in Colorado.
00:00 Give up. You missed it.
00:49 Gary's back, George is hunting
01:19 The fourth Boomer, from an elk camp
06:00 Bitcoin caught air: 62 to 81 to 77
06:32 The yen, FIMA, and Bessent's bigger boat
09:29 Warsh the hawk
11:59 The flag and the $5,000 dividend
13:18 Miner P&L
16:29 Bitcoin decouples from the Nasdaq
18:29 The AI trade peaks
22:10 Public miners go hyperscale
25:10 Larry's call: $180K by 2027
26:13 "Give up. You missed it."
29:12 Cost of production
32:16 Energy costs
35:06 Year-end predictions
37:43 "I'm not a financial advisor." "Well, I am."
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Nothing here is financial advice. Everyone's situation is different.
More from The Bitcoin Boomers
Someone put a chip inside the hardware wallet. Then they waited. George Bodine walks through the Ledger reseller attack, the 2020 breach Ledger said hit about 10,000 customers (the leaked database had 272,000 names and home addresses), and why he's been throwing Ledgers in the trash for years. Bob Burnett explains the part everyone gets wrong: Bitcoin didn't fail, the things you plug into it did. Larry Lepard on 1933, phishing, the deepfake phone call he's waiting for, and why he wipes his Trezor after every use.
did the CIA invent bitcoin? bob burnett says it doesn't matter and explains why. george bodine, who held a top secret clearance and loaded nuclear weapons on hornets, explains why a secret that big doesn't stay secret. gary leland has a theory about gavin newsom.
Gary Leland wants to be the first person to live to 200. larry lepard thinks he's nuts. bob burnett explains why your life insurance policy gives up at 121 and what happens if you don't.
Bob Burnett was named executive chairman of Ocean on September 1st, three days after Luke Dashjr resigned. In this episode he explains what actually happened, why he thinks the BIP-110 push was never going to work, and why he doesn't think the people behind it are villains.
"Not today you don't." The Boomers open with the question every holder secretly googles — do you owe taxes on Bitcoin you never sold? — and the answer detours through gold teeth, seventeen nuclear aircraft carriers, and Larry calmly explaining why he thinks this asset goes to a million dollars… then ten. Bob puts a number on the network nobody can picture (900 exahashes — more raw computation than every supercomputer on Earth combined), George explains why that's "the magic of Bitcoin," and then the fork question lands: what actually happened at block 961,632 when BIP-110 tried to split the chain — and why one side kept mining forever while the other managed two blocks.