Bitcoin OG REVEALS How Bitcoin Hits $1,000,000 | Adam Back & Sean Bill

Marty interviews Adam Back and Sean Bill from Blockstream about Bitcoin's evolution from cypherpunk ideals to institutional financial infrastructure. They explore pension fund adoption strategies, with Bill sharing his experience getting Bitcoin onto Santa Clara County's balance sheet and the challenges of convincing conservative boards. The discussion covers Bitcoin as pristine collateral in structured lending products, the emergence of second-layer solutions like Lightning Network and Liquid, and how these technologies are building a Bitcoin-native banking system. Back explains the development of mining notes, security tokens, and trustless trading platforms, while Bill details the massive opportunity for underfunded pensions to use Bitcoin's asymmetric returns to solve their funding gaps.

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Adam Back on Twitter: https://x.com/adam3us

Sean Bill on Twitter: https://x.com/macrocrunch

Blockstream: https://blockstream.com/

00:00:00 - Intro
00:00:38 - New ATH
00:02:06 - Sean's Journey Getting Bitcoin Into Pensions
00:03:15 - Blockstream's Evolution Into Finance
00:08:30 - Building Bitcoin Financial Infrastructure
00:14:30 - The Challenge of Conservative Pension Boards
00:17:02 - Bitkey
00:18:10 - Bitcoin's Current Price and Market Cycle
00:24:05 - Bitcoin as Super Collateral
00:27:24 - Unchained
00:30:09 - Cypherpunk Ideals vs Financial Reality
00:34:55 - Pension Fund Crisis and Bitcoin Solution
00:42:29 - The Cypherpunk Banking Stack
00:49:54 - Digital Cash and Free Banking
00:57:06 - Liquid Network and Institutional Rails
01:07:49 - Sean At CBOT
01:22:16 - Bitcoin Futures and Market Structure
01:25:53 - 2025 Bitcoin Price Predictions

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