Bitcoin is the final exit. The escape hatch. The parachute at the end of the ride.

George came back from Prague with a changed thesis, and this episode gets back to Bitcoin basics: money in self-custody that no one can stop. Larry breaks down why the third big print is coming and what a slow-motion currency failure actually looks like. Bob opens the books on the miners trilemma and why the hardest conditions in mining history are flashing the same signal as the last great bottom: whenever the money is hard, that's when you go in.

Also on the table: the shiny object syndrome draining capital into AI, why sentiment is the worst the boomers have ever seen while every metric screams value zone, paper Bitcoin and the ghost of Sam Bankman-Fried, BIP110 and the three and a half weeks until the chain decides, and why Kevin Warsh is just the modern-day Von Havenstein.

Bob's Miners Trilemma article in Bitcoin Magazine: https://bitcoinmagazine.com/business/bitcoin-miners-face-a-dilemma-for-success

Thanks to our sponsors:

Ledn — Bitcoin-backed loans for the in-between: https://ledn.io/boomers

Sazmining — you own the machine, they run it: https://sazmining.com

Use code BOOMERS.

CHAPTERS

00:00 Cold open

01:25 Welcome: skin in the game

04:55 The Prague reset

05:18 Bitcoin is the final exit

06:50 A word from Ledn

07:44 Larry: a thousand years of debasement

09:41 The electricity timeline

10:35 Paper Bitcoin and SBF

12:11 Lost focus: three phrases

14:38 Worst sentiment, best value zone

15:54 Larry: how you get to $1M a coin

17:26 The shiny object syndrome

17:48 Bob: the miners trilemma

20:50 A word from Sazmining

21:43 What's suppressing price: rates, IPOs, AI capex

24:52 Larry: the liquidity indicator

26:04 The third print: enemy action

29:26 Warsh, the modern Von Havenstein

30:39 BIP110: two camps

34:30 Three and a half weeks to the fork

37:00 Hopeful endings

40:24 Watermelons

Not financial advice. Three friends talking Bitcoin.

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Bitcoin Well, self-custody made simple: https://bitcoinwell.com

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Bitcoin #BitcoinForBeginners #BitcoinBoomers

Educational only. Not financial, legal, tax, or investment advice. Do your own research.