What Bitcoin Did

I still believe we've got 100X in front of us in the next 10 years… Bitcoin becomes undeniable."

Peter Dunworth is the co-founder of The Bitcoin Adviser.

Bitcoin is at $62,500, down 50% from the all-time high, and sentiment is the worst it has ever been. So why is the most bullish man in Bitcoin calling this the best buying opportunity in history?

We discuss why the bottom is closer than you think, why the next cycle breaks every model, the wall of AI money waiting to rotate into Bitcoin, how the Clarity Act turns the US dollar into a global stablecoin empire, the coming death of all fiat currencies and the 30% property crash heading for Australia.

In this episode:

Why this is the best buying opportunity in Bitcoin's history

The case for 100X in the next 10 years

Why the AI trade will rotate into Bitcoin

The Clarity Act: a global dollar takeover

Saylor, Strategy and the S&P500 double standard

Why property is "near uninvestable"

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Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny

Peter Dunworth: https://x.com/PeterBTCAdviser

"We are taught that the state builds our economy, but the reality is that every act of intervention is an act of wealth destruction."

Max Hillebrand joins the show to tear down the Keynesian fallacies that keep us in a cycle of manufactured poverty and systemic theft. We go deep into the Austrian framework to explain why privacy isn't just a tech feature, it is the bedrock of a free economy.

We discuss:\

The Theft Trap: Why taxation and inflation are definitionally coercion, and how they silently redistribute wealth from the productive to the state. \

The Broken Window Fallacy: Why building things we don’t need and destroying wealth through war is the ultimate economic delusion. \

The Consumption Trap: How state-manipulated metrics like GDP force us to prioritise over-consumption over the savings required for actual prosperity. \

The Minimum Wage Fallacy: A practical breakdown of why state interventions inevitably price the most vulnerable workers out of the market. \

The Cypherpunk Solution: Why increasing the cost of state attack and decreasing the cost of private defense is our only path to an unstoppable, parallel economy.

THANKS TO OUR SPONSORS:

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FOLLOW:

Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

Max Hillebrand: https://towardsliberty.com/

The Praxeology of Privacy: https://towardsliberty.com/pop

“In the end, it’s the economic majority of users who decide what Bitcoin is.”

Wicked and MrHodl join the show to break down why BIP110 won’t change Bitcoin.

We get into the fight over arbitrary data on Bitcoin, why they believe BIP110 fails to solve the problem it claims to address, and why miner signalling alone does not define consensus. The conversation covers Bitcoin Core, Knots, the blocksize war, SegWit, BIP148, spam, soft forks, hard forks, nodes, miners, exchanges, and the role of the economic majority in defending Bitcoin’s rules.

Is BIP110 a serious proposal, a virtue signal, or an attempted replay of old battles? And if Bitcoin can be changed without broad consensus, what does that mean for decentralisation?

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Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

MrHodl: https://x.com/MrHodl

Wicked: https://x.com/w_s_bitcoin

“We are in the digital gold rush to acquire as much Bitcoin as humanly possible.”

Jeff Walton joins the show to break down the rise of Bitcoin-backed credit, Strive’s SATA instrument, and why perpetual preferred equity could become one of the most important capital market innovations in Bitcoin.

We discuss why SATA is now paying daily dividends, how Strive thinks about risk, reserves, leverage, and Bitcoin coverage, and why these new credit instruments may become a structural buyer of Bitcoin through both bull and bear markets.

We also get into Strategy’s role as the market leader, the shift away from convertible debt, the future of Bitcoin treasury companies, proof of reserves, custody risk, institutional adoption, and whether Bitcoin credit could eventually reprice the entire credit market.

THANKS TO OUR SPONSORS:

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Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny

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“Whoever blinks first wins.”

Mechanic joins me to discuss the controversial BIP110 proposal, the fight over spam and inscriptions, and whether Bitcoin users can force a consensus change without support from the major mining pools.

We get into miner power, node enforcement, UASF game theory, soft forks, and whether Bitcoin is drifting away from its original purpose as money. Mechanic argues that Bitcoin’s strength comes from ordinary users enforcing the rules, not corporations, exchanges, or miners.

THANKS TO OUR SPONSORS:

ANCHORWATCH

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BITKEY

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FOLLOW:

Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny

Bitcoin Mechanic: https://x.com/GrassFedBitcoin