Show Notes
Matt Cole, Chairman and CEO of Strive, joins Scott to break down Bitwise's new forecast of $1.6 million per bitcoin by 2036, why corporate Bitcoin buying outside Strategy has dried up, and how Strive keeps adding bitcoin through digital credit after a $511 million buy took its treasury to about 43,000 BTC. Matt explains why Bitwise's base case is defensible, why superintelligence and dollar debasement favor scarce assets like Bitcoin, and how Strive's fixed-rate SATS differs from SATA for income investors. They cover Strategy shareholders approving daily dividends, which Bitcoin treasury companies are likely to survive, blending Bitcoin with real estate, and why AI-driven hacks and hardware wallet tampering are pushing some holders away from self-custody for now. Scott closes with AI-found Bitcoin node bugs, Google's crypto custody system, DTCC's tokenization service, Stan Druckenmiller's first tweet, Coinbase earnings and Kalshi Bitcoin odds. In this episode:00:00 Bitwise's $1.6 million Bitcoin forecast for 203604:03 Superintelligence, abundance and the Calacanis debate07:36 Bitwise's bear, base and bull cases10:07 Bitcoin treasury buying outside Strategy17:10 Strive's SATS fixed rate versus SATA24:16 Strategy shareholders approve daily dividends26:19 Which Bitcoin treasury companies survive34:21 Ledger tampering, AI threats and self-custody42:26 Bitcoin node bugs, Google custody and DTCC tokenization45:01 Druckenmiller, Coinbase earnings and Kalshi Bitcoin odds Matt Cole on X: https://x.com/ColeMacroStrive: https://strive.com Watch this episode on YouTube: https://www.youtube.com/watch?v=NGkF6sNUn6k If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ Learn more about your ad choices. Visit megaphone.fm/adchoices
More from The Wolf Of All Streets
Dan Held, Bitcoin marketer and former head of marketing at Kraken, joins Scott after Bitcoin dropped as low as $76,000 and Binance confirmed the largest crypto hack in history, roughly $6.3 billion. Scott and Dan break down how a single developer's laptop could lead to the Binance exploit, why it looks like social engineering rather than AI, how frozen funds and Binance's SAFU fund shrink the hole to about $2 billion, and the wider wave of attacks on Polymarket and hardware wallets. They cover self-custody and cold storage lessons, CZ's crisis communications, exchanges pushing back on tokenized stocks, Kraken and on-chain IPOs, and why institutions now agree Bitcoin was right. Dan shares what he's building with Perception, then Scott runs The Weekly Wreckoning: Strive's Bitcoin buying, Ripple's trust charter, the Fed holding rates, DTCC's tokenization service, Bitwise's $1.6 million target, ICE and Hyperliquid perps, and Coinbase earnings. In this episode:00:00 Bitcoin hits $76,000 as Binance confirms $6.3B hack04:05 Why the Binance hack points to social engineering07:02 Frozen funds, the SAFU fund and Binance's $2B hole10:12 Polymarket, Trezor and the wave of wallet attacks21:17 Self-custody lessons and cold storage backups26:16 CZ's crisis communications after the hack32:10 Tokenized stocks, exchange pushback and on-chain IPOs38:19 Institutions finally agree Bitcoin was right41:29 Dan Held on Perception and agentic marketing44:22 The Weekly Wreckoning: Strive, Ripple, Fed, DTCC and Hyperliquid Dan Held on X: https://x.com/danheld Watch this episode on YouTube: https://www.youtube.com/watch?v=DfJNgEbHcD4 If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ Learn more about your ad choices. Visit megaphone.fm/adchoices
From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.
From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.
Brett Tejpaul, Co-CEO of Coinbase Institutional, joins Scott to talk about where Bitcoin's biggest buyers went, with the Coinbase Premium negative through October, and why seven of the world's largest banks are now building on Coinbase infrastructure for stablecoin payments and institutional crypto adoption. Brett explains the Citi stablecoin payments partnership announced at Sibos, why banks see crypto as a threat to their payments and wealth businesses, how the Clarity Act's failure and new SEC and CFTC guidance pushed banks to move, and the Standard Asset Company strategy that pairs UAE real estate with Bitcoin. They also cover MiCA stablecoin rules, how JPMorgan, Chase, Citi and PNC use Coinbase, and why Wall Street plumbing is good for crypto. Scott closes with stablecoins in Brazil's election, Bitcoin beating the S&P 500, companies objecting to tokenized stocks, Marathon's Bitcoin moves, Scott Bessent on crypto and the dollar, the Fed decision and ETF flows. In this episode:00:00 Bitcoin's quiet buyers and the Coinbase Premium03:03 Seven big banks and the Citi stablecoin deal09:13 How deep bank partnerships with Coinbase go16:52 Why banks plan to disrupt their own payments20:58 The Clarity Act, SEC and CFTC, and MiCA26:04 Bitcoin plus UAE real estate at Standard Asset Company33:40 MiCA stablecoins and JPMorgan, Citi and PNC37:16 Wall Street plumbing and Coinbase infrastructure42:56 Brazil, Bitcoin vs. the S&P 500 and tokenized stocks46:59 Bessent, the Fed decision and Bitcoin ETF flows Brett Tejpaul on X: https://x.com/bretttejpaulCoinbase Institutional: https://www.coinbase.com/institutional Watch this episode on YouTube: https://www.youtube.com/watch?v=eGgMEQa4r4A If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.comThe Daily Wolf on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/
From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance.