Sam Wouters is the Director of Marketing at River.  In this episode, we discuss why the U.S. is emerging as the dominant force in Bitcoin adoption, how proof-of-reserves has evolved in a post-FTX world, and why retail interest in Bitcoin remains muted despite all-time highs. We also discuss how institutional involvement might be both a blessing and a curse, the psychological barriers stopping new retail entrants, the moral responsibility of Bitcoiners to re-engage no-coiners, and what the next phase of Bitcoin might look like. THANKS TO OUR SPONSORS: IREN: https://www.iren.com/   RIVER: https://river.com/wbd  ANCHORWATCH: https://www.anchorwatch.com/ COINKITE: https://store.coinkite.com/promo/WBD  BLOCKWARE: https://mining.blockwaresolutions.com/wbd  Follow: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Sam Wouters: https://x.com/SDWouters