Bitcoin’s Wall Street Takeover: ETFs, BlackRock & The New Era with Eric Balchunas
Jul 25, 2025
The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.
00:00 - Introduction to Eric Balchunas of Bloomberg 08:58 - The Evolution of Bitcoin and ETF Coverage 16:33 - Understanding Bitcoin: Insights and Misconceptions 22:26 - The Correlation Between Knowledge and Investment 26:52 - The Future of Bitcoin and ETF Dynamics 29:23 - Potential Risks and Black Swan Events 35:19 - Trust in Custodians and the Evolution of ETFs 41:28 - The Meteoric Rise of Bitcoin ETFs 47:53 - The Dichotomy of Traditional Finance and Bitcoin 55:27 - The Role of Bitcoin in Modern Portfolios 01:06:27 - The Future of Bitcoin as a Currency 01:09:40 - Security and Custody in Digital Assets 01:13:31 - The Role of ETFs in Bitcoin Adoption 01:20:36 - Navigating the Complexities of Bitcoin Custody 01:24:49 - Outro and Disclaimer