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Private equity buys a business, loads it with debt, and sells it within five years. Orange Juice wants to buy the business, keep the owner in place, and never sell it at all. Nico Lechuga is a founding partner at Ego Death Capital, a Bitcoin venture fund with around $137 million under management. Alongside fellow Ego Death partners Lyn Alden, Jeff Booth and Andi Pitt, he co-founded Orange Juice, a permanent capital vehicle that acquires cash flow positive businesses and sweeps those cash flows into Bitcoin. The team also includes partners Ruben Zweiban, a former JP Morgan analyst and US Navy SEAL, and Adrian Steckel, the former CEO of OneWeb, plus newly appointed CTO Elias Martinez Cohen, previously an AI infrastructure engineer at NVIDIA and Twitter. Since announcing, more than 150 businesses have reached out. 🍊 Find out more about Orange Juice: https://orangejuice.com/ Topics covered: Why Orange Juice was designed as a foil to traditional private equity, not a Bitcoin treasury company How the Berkshire Hathaway model shaped the owner operator structure Why they’re raising privately first and proving the thesis before going public The gearbox model — how they decide between reinvesting, buying Bitcoin or acquiring more businesses Which types of businesses they’re targeting and why generational companies keep showing up Why they’re already open to businesses outside the US Nico’s Bitcoin journey — from a Vice article on the Silk Road to Jeff Booth changing everything How AI factors into acquisition due diligence without distracting owner operators Why a good Bitcoin solution should work like a light switch — no evangelism required Chapters: 00:00 Intro — There Is a Better Treasury Asset Than Fiat 01:00 What Is Orange Juice and Why Was It Built? 02:00 Ego Death Capital — The Fund Behind the Idea 05:00 The Gap Nobody Had Filled for Cash Flow Business Owners 07:00 How Orange Juice Acquires Businesses — The Berkshire Model 09:00 Owner Operators, Equity and the No Earn-Out Structure 11:00 Why There’s No Time Clock — The Permanent Capital Difference 12:00 The Gearbox — How They Decide Where the Cash Goes 15:00 Real World Example: A UK Hotel Group and the Bitcoin Question 18:00 Which Sectors and Business Types Are Being Targeted 20:00 Generational Businesses and the Bitcoin Connection 22:00 Why They Went Private First Before Planning a Listing 28:00 Will Orange Juice Expand Outside the US? 35:00 Will Sweeping Cash Into Bitcoin Become the Norm? 38:00 Nico’s Bitcoin Journey — Silk Road, Jeff Booth and the Click Moment 47:00 How AI Factors Into Acquisition Due Diligence 51:00 Keeping Owner Operators Focused on What They Do Best 🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ FIND Nico Lechuga: X: https://x.com/nico_lechuga LinkedIn: https://www.linkedin.com/in/nicolailechuga/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] 📬 READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE www.selectedfrequencies.com Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research. They’re Buying Real Businesses, Sweeping the Cash Into Bitcoin — And 150 Companies Have Already Applied The Permanent Capital Vehicle Designed to Outlast Private Equity

Pumphreys Coffee was founded in the 1750s. It has been in Stuart's family since 1979, four generations have worked in it, and his first Bitcoin transaction is framed on the wall downstairs. Jordan Walker travelled up to Blaydon, just outside Newcastle, to see the roastery, watch beans go through an open flame, and talk to Stuart about what it takes to build something that outlives you. ☕️ Check out Pumphrey's Coffee: https://pumphreys-coffee.co.uk/ Topics covered: Why Pumphreys still roasts over a naked open flame when almost nobody else does The history of a company founded in the 1750s and bought by Stuart's grandfather in 1979 Why the experience around the coffee matters more than the taste of the coffee Where AI might actually help a hands-on business, and where it absolutely cannot Stuart's Bitcoin journey, including buying the top twice Why adding Bitcoin payments through Musqet meant changing almost nothing How he replied to a customer who complained about Bitcoin and the environment Whether accepting Bitcoin has actually brought new customers through the door What he thinks it takes for a business to still be trading in 2140 Why Bitcoiners are often the most risk-averse people in the room Chapters: 00:00 Intro — Bitcoiners Are the Lowest Risk People in the Room 01:00 Open Flame Coffee Roasting — How Pumphreys Does It Differently 04:00 The Pumphreys Story — Founded in 1750, Family-Owned Since 1979 08:00 What Pumphreys Actually Does — Roasting, Training, Machinery and Retail 15:00 How the Business Has Adapted Over 25 Years 20:00 Coffee Trends — What's Coming Next After Matcha 23:30 AI and Automation in a Relationship-First Business 28:00 The Experience of Coffee — Why Atmosphere Matters as Much as Taste 32:00 Stuart's Bitcoin Journey — Buying the Top in 2017 35:30 Running the Newcastle Bitcoin Meetup 36:30 Accepting Bitcoin at Pumphreys — How the Decision Was Made 40:00 The Viral Customer Complaint — and Stuart's Reply 44:00 Has Accepting Bitcoin Brought New Customers? 46:00 Building a Business to Last — Lessons From 275 Years Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ FIND Stuart Lee Archer: LinkedIn - https://www.linkedin.com/in/stuartleearcher CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE www.selectedfrequencies.com Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research. This Coffee Company Was Founded in the 1750s, Now It Accepts Bitcoin. How a Family Business Added Bitcoin Without Changing Anything

Fernando left his job as VP of Marketing at Blockstream to build a product on his own. Seven months later, still in beta, it was profitable. He has no employees, no investors and no board. Just a fleet of agents and a very clear view of where all this is heading. He joins Jordan Walker to talk about what building actually looks like now, why the hardest part is no longer the code, and what happens to everyone who isn't a builder. In this episode with Fernando: Why the coding is now the easy part, and selling is still the hard part Leaving Blockstream to go solo, and what he doesn't miss about managing a team The moment in a demo call that tells you the truth Running a business on a fleet of agents instead of employees Why so much company content has started to sound identical What happens to jobs when firms stop hiring altogether Holding something scarce when the money supply isn't Chapters: 00:00 Coming up 01:50 Seeing an early Perception demo 04:00 When AI was a glorified Stack Overflow 06:00 Does this feel like the early internet? 10:00 The trap of feeling productive 12:00 Coding is commoditised, selling isn't 16:00 Leaving Blockstream to build Perception 18:30 Nobody wanted the dashboard 21:00 The pivot to agents and MCP 25:30 The money moment is the honest moment 28:30 Can you lean on AI too much? 36:30 What agents actually save you 45:30 The real problem with AI slop 49:20 Profitable in beta, bootstrapped, solo 58:00 Jobs, ten years out 01:03:20 Hold something scarce 🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ FIND FERNANDO: X - https://x.com/basedlayer?lang=en Bitcoin Perception - https://bitcoinperception.com CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] 📬READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE www.selectedfrequencies.com Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research. Nobody Wanted His Dashboard, So He Binned It He Left Blockstream to Build Alone Why Coding Is Now the Easy Part

14.3 million people in the UK hold premium bonds and have never won a single prize. Not £25. Not once. That stat sent Jordan down a rabbit hole this week, and what he found underneath it is worse. 23 million people hold £135 billion in premium bonds, making it the UK's most popular savings product — while the average prize winner is sitting on around £23,400 and 94% of £1 million jackpot winners held over £10,000 in bonds. Then there's the bigger problem: £610 billion of long-term UK cash with no job to do at all. Premium Bonds Article: https://bitcoincollective.co/blog/premium-bonds-why-winning-feels-like-losing In this solo episode:  • Where premium bonds came from in 1956, and why ERNIE has a Bletchley Park connection  • The Freedom of Information request that revealed who never wins  • Why even winning can still be losing once you account for purchasing power  • How premium bonds became the cheapest borrowing the state has  • The £610 billion sitting idle, and why the UK has the lowest investing rate in the G7 Chapters: 00:00 Why premium bonds sent me down a rabbit hole 00:55 1956: ERNIE, Colossus and a "squalid raffle" 02:00 The UK's most popular savings product 02:55 Two thirds have never won a prize 03:40 Why the wins go to the already wealthy 04:35 Even winning is losing 06:15 The cheapest borrowing the state has 07:30 £610 billion with no job to do 09:15 Rates rose and Britain saved harder 11:15 8% vs 33% — and why I talk about Bitcoin 🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] 📬READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE www.selectedfrequencies.com Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

Nic Cary reckons there is still up to £2m of Bitcoin buried in geocaches across Yorkshire. He hid it himself, more than thirteen years ago. He first heard about Bitcoin in 2011, on a small fishing boat on the Long Island Sound. A few years later he moved from the United States to York with a backpack and helped build the first block explorer for Bitcoin out of a two-bedroom flat near the racecourse. That project became Blockchain.com. It now has offices in six countries, an FCA registration, a MiCA licence covering Europe, and a confidential SEC filing ahead of a US listing. In this episode: • The fishing trip that started it • Why the company was built in York rather than London • The paper wallets hidden across Yorkshire, and what they were worth • From block explorer to wallet, and the case for holding your own keys • Polymarket, Snap Markets and tokenised stocks • How to explain Bitcoin without arguing with people • Why machines, not people, may make most payments within ten years • The three things he thinks everyone should read Timestamps: 00:00 Coming Up 00:40 Intro 01:13 Hearing about Bitcoin on a fishing boat in 2011 06:12 Websites, clams and Pipeline CRM 08:42 Why blockchain.com started in York 12:46 Bitcoin hidden in geocaches across Yorkshire 14:57 What it was worth at the time 15:43 From block explorer to building a wallet 18:03 Self-custody versus handing your money over 20:26 Polymarket, Snap Markets and tokenised stocks 22:20 How Nic's approach to explaining Bitcoin changed 25:06 Store of value, stablecoins and peer-to-peer cash 27:14 Why machines will transact in digital money 29:33 FCA approval, MiCA and the SEC filing 32:12 Three things everyone should read 🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT Nic: X: https://x.com/niccary?lang=en 💼 LinkedIn: https://www.linkedin.com/in/ncary/ 📬READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

The pound has lost 95% of its purchasing power since 1971. Bitcoin is down 50% from its highs and the mood online is grim. Richard Byworth thinks the bottom is already in, and he's got the receipts to back it up. Jordan sits down with returning guest Richard Byworth to unpack why he believes the market is showing classic seller exhaustion, why family offices are quietly moving into bitcoin, and why the UK's wealthy are heading for the exit. 🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT RICHARD: X: https://x.com/RichardByworth READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ In this episode: - Why the four year cycle narrative might be doing more harm than good Reading £17 billion of bitcoin selling as a bottom signal, not a warning - Why capital rotating into AI could eventually rotate back into bitcoin - How family offices are being educated on bitcoin without ever mentioning the word - Bitcoin treasury companies, M Nav premiums and where the next bull run could come from - Why the UK is losing its wealthiest people, and what that means for the country TIMESTAMPS: 00:00 Intro — bitcoin is the value trade 00:35 Welcome back and catching up 02:26 Is the four-year cycle still real 07:22 Reading seller exhaustion in the market 08:32 AI, SpaceX and the capital rotation debate 09:12 The STRC post that caused a stir 12:41 Four years on: how far the bottom has moved 14:32 Educating family offices on bitcoin 20:56 Will institutions dominate bitcoin adoption 23:00 A different perspective on the UK from the outside 29:44 UK wealth, tax and the talent exodus 42:28 Bitcoin treasury companies and the next bull market 52:01 European consolidation and liquidity 53:19 Do banks see bitcoin as a threat to deposits LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. Bitcoin's Bottom: Why Richard Byworth Isn't Worried The UK Wealth Exodus No One's Talking About ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

Bitcoin is down around 50% from its all-time high and the sentiment is brutal. So is this the bottom? Ben, an analyst at Keyrock, thinks there are real signs it might already be in — and that what comes next is bigger than most people realise. In one of the most detailed conversations the podcast has hosted, Ben joins Jordan to explain why the current drawdown may mark a bottom, why volatility is steadily compressing, and why Bitcoin treasury companies and digital credit could unlock his whole thesis, an entire financial system built on top of Bitcoin as a reserve asset. Topics covered: - Why the largest pools of capital in the world can't hold Bitcoin directly — yet - The signs Ben is watching that suggest this could be a bottom for Bitcoin - Why volatility acts as a capital charge, and why it's in a long-term compression trend - How the shift from traders to long-term holders changed this cycle - Why Bitcoin treasury companies could unlock the entire Bitcoin thesis - What digital credit is and why it could be the most exciting part of the Bitcoin thesis - Why Strategy selling a small amount of Bitcoin was widely misunderstood - Why European treasury companies look cheap — and why that discount is a mirage - Why money backed by Bitcoin may make more sense than Bitcoin itself as money TIMESTAMPS: 00:00 Intro — Bitcoin is only stomachable for volatility 01:00 Welcome and Ben's background at QCP 02:00 QCP's shift from market maker to asset manager 04:00 Ben's unusual route into Bitcoin via smart contracts 08:00 Reasons this could be a cycle bottom 13:00 75% of holders are now long-term 21:00 Volatility as a capital charge that compresses with price 25:00 What sparked the digital asset treasury report 27:00 The endgame: a financial system built on Bitcoin 30:00 Bringing European Bitcoin treasuries into focus 32:00 Two paths to Bitcoin becoming money 48:00 Herd mentality in crypto 49:00 Why prefs haven't come to Europe yet 56:00 Smarter Web's £210m share premium unlock 1:01:00 How big could the first issuance be? 1:07:00 Final prediction: what will it be called? 🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT BEN:  X: https://x.com/0xbenharvey 💼 LinkedIn: https://www.linkedin.com/in/ben-harvey-842495172/ 📬READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

The mood right now is identical to late 2022. The headlines are the same. The panic is the same. But the world around bitcoin looks nothing like it did back then.Jordan's back after six weeks off the tools — not because things have calmed down, but because this moment feels too familiar to ignore. This solo episode walks through why the current sentiment mirrors the last bear market bottom, what's changed beyond recognition since then, and why going quiet and building is exactly the right move right now. 🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ CONTACT JORDAN:X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ Topics covered:- Why mid-2026 feels so much like November 2022 — and what that actually signals- What's changed in four years: BlackRock, sovereign wealth funds, Square, JP Morgan- Bitcoin being declared dead 475 times — and what that pattern actually looks like- Why AI pulling capital makes bitcoin more relevant, not less- The Bitcoin Business Network hitting 100+ UK businesses- What's been built behind the scenes and what's coming very soonCHAPTERS 00:00 Intro — why Jordan's been quiet for six weeks01:06 Where bitcoin is right now02:30 Flashback to November 2022 and the $15k bottom04:30 What's changed in four years — JP Morgan, ETFs, Square, sovereign funds06:30 bitcoindeaths.com — declared dead 475 times08:00 The four-year cycle and shaking out the tourists09:15 AI is pulling attention and capital11:00 Why bitcoin is the one thing AI can't copy12:39 The Bitcoin Business Network — 100+ UK businesses14:30 Why in-person relationships matter in a digital age16:00 New website and removing friction for businesses18:00 A big announcement is coming20:00 Bear markets are for building20:37 What's next — podcast is back LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

Nicholas Dickinson bought his first significant Bitcoin stack on the all-time high. Three months later he was 40% underwater. He didn't panic. He read more books and bought more. Nicholas is a hotelier with 40 years in the industry — currently running a 50-acre country house hotel in Norfolk. He's also one of the newest, and arguably fastest-moving, members of the Bitcoin Business Network. In just nine months he's thinking in Bitcoin, buying at what the power law tells him is a 50% discount, and working out how to bring Bitcoin into a 40-year hospitality business without losing his board. 🇬🇧 Find out more about the Bitcoin Business Network: https://bitcoincollective.co/bbn/ In this episode, Jordan and Nicholas get into: - How The Price of Tomorrow started it all — before Nicholas even knew he was looking for Bitcoin - Why the power law gave him more conviction than anything else he'd read - The internal challenge of getting fellow stakeholders and a spouse on board - Why he thinks most people know the system is broken — but can't believe the fix could be this simple - What accepting Bitcoin at the hotel actually looks like as a first step - Why storing business cash reserves in Bitcoin is, to Nicholas, just common sense. TIMESTAMPS: 00:00 Intro — "The problem's too big. Yes, there is a simple solution." 01:00 Welcome and Nicholas's background in hospitality 04:00 How Congham Hall came out of administration and became his longest-ever project 06:00 What makes Congham Hall different — 50 acres, spa, orchard cabins 08:00 The realities of running a profitable hotel in the UK 10:00 100 local staff and why that's almost unheard of in hospitality 15:00 The Snail Racing World Championships — a Guinness World Record 20:00 Where did Bitcoin first come up? From drug dealers to deep curiosity 21:00 The Price of Tomorrow, What's the Problem, and the lightbulb moment 24:00 Pete Matthew, The Bitcoin Advisor, and getting properly into the rabbit hole 28:00 Buying at the all-time high and what happened next 31:00 The power law — why it gave Nicholas more conviction than anything else 38:00 Thinking in sats, DCA strategy and filtering out the noise 44:00 How Bitcoin changed his outlook on his kids' futures 47:00 The challenge of getting stakeholders and a spouse on board 51:00 "The problem's too big to be solved this simply" — and why that's wrong 57:00 Accepting Bitcoin at the hotel — the vision and the baby steps CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT NICHOLAS: 💼 LinkedIn: https://www.linkedin.com/in/nicholasdickinson/ Congham Hall - https://www.conghamhallhotel.co.uk Email😉 - [email protected] READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. "The Problem's Too Big." Why Most People Dismiss Bitcoin Even When They Know the System Is Broken Why Nicholas Thinks Inflation Is the Real Problem — and Why Bitcoin Is the Only Fix Why a 40-Year Hotelier Is Selling His Buy-to-Let Portfolio and Putting It All in Bitcoin ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

The pound has lost 95% of its purchasing power since 1971. Every fiat currency in history has eventually gone to zero. Bitcoin might be the first money that actually holds its value — and building the financial services around it is what Piotr, Product Manager at Xapo Bank, has spent years working on. In this episode, Jordan sits down with Piotr to explore: How Piotr Bedkowski went from ING Bank sceptic to fully orange-pilled BitcoinerWhy Xapo Bank only holds USD and BTC — and why that's a deliberate choiceThe case for borrowing against Bitcoin instead of selling itHow Xapo's underground vaults earned the nickname "Fort Knox of Bitcoin"Why rehypothecation of collateral is off the table at Xapo — full stopEarning yield and monthly Bitcoin income from your existing stackWhat the "iPhone moment" for global Bitcoin adoption might actually look likeWhy Bitcoin-backed lending rates should, in theory, be the lowest in the world TIMESTAMPS: 00:00 Intro — Bitcoin is currency for the people 01:00 Welcome and Piotr's background 02:00 Joining Xapo Bank and building wealth products 04:00 Bitcoin-backed lending and yield on Bitcoin 06:00 Discovering Bitcoin twice — and why most people do 09:00 Looking for the next Bitcoin (and why that's a mistake) 10:00 Currency debasement — Argentina, Europe, and everywhere else 13:00 The history of money and why fiat always fails 17:00 What Xapo Bank is actually building and why 19:00 Self-custody vs. custodial — meeting people where they are 22:00 Inside Xapo's vaults — the Fort Knox of Bitcoin 27:00 MPC security and why transactions are now near-instant 32:00 How Xapo decides what products to build next 38:00 Bitcoin-backed cards and what's coming 42:00 Zero rehypothecation — and why it matters 44:00 The iPhone moment and Bitcoin's next ten years 48:00 Why Bitcoin-backed lending rates should be the lowest 🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT PIOTR: 💬 X: http://x.com/piotrbed 💼 LinkedIn: https://www.linkedin.com/in/piotrbedk/ READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. Borrow Against Bitcoin Without Selling a Single Sat — Xapo Bank's Product Manager Explains How Why Every Fiat Currency Eventually Goes to Zero — and What Comes Next Bitcoin-Backed Loans, Yield, and the Future of Money With Xapo Bank ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.

What if every executive recruiter on the planet became a Bitcoiner? That's not a thought experiment, it's Scott Ellam's actual plan.Scott is back on the show six months after taking XCE public. He breaks down how XCE is solving the three biggest problems facing private recruitment companies — cash leakage, scaling headcount, and the near-impossible exit — by structuring the entire business around a Bitcoin treasury.🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/CONTACT JORDAN:X: https://x.com/JayW132LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/Email: [email protected] SCOTT:💬 X: https://x.com/btconlyscott💼 LinkedIn: https://uk.linkedin.com/in/scott-p-ellam-5a097449Topics covered:- Why XCE presented at Bitcoin 2025 in Las Vegas as the first traditional operating business built around an active Bitcoin treasury- Accepting 0.516 Bitcoin as payment for a recruitment fee — and what comes next- How Adam Back has followed on through multiple raises, including a recent equity raise where 100% went into Bitcoin- XCE's performance-based equity scheme and how it's already attracting staff who aren't even Bitcoin-native- AI in executive recruitment — what it can do, what it can't, and why person-to-person roles may be the safest careers going forward- International settlement pain, stablecoins, and where Bitcoin fitsTIMESTAMPS:00:00 Intro — Disrupting global executive recruitment with Bitcoin01:00 Welcome back: six months since the pre-IPO episode01:30 Bitcoin 2025 Las Vegas — what the conference felt like03:00 Who was in the room: institutions, nation states and Michael Saylor05:30 XCE's Vegas presentation: the first Bitcoin-treasury operating business06:30 The three biggest problems for private recruitment companies08:00 How XCE solves cash, scale and exit using Bitcoin10:00 Educating the recruitment industry on Bitcoin13:00 How private owners can join the XCE group without needing to self-custody17:00 Talent retention: Bitcoin-backed equity and the IPL analogy21:00 How XCE attracted staff who weren't Bitcoin-native28:30 Accepting 0.516 BTC as a recruitment fee — how it happened33:30 International settlement, stablecoins and Bitcoin rails38:00 The latest raise, Adam Back's continued backing and what's next41:30 AI inside XCE — from negotiation training to full business integration49:00 The K-shaped AI recovery and why high-skill careers will pull ahead55:00 Roadmap: growing Bitcoin per share, acquisitions and global disruptionREAD OUR NEWSLETTER:https://newsletter.bitcoincollective.co/LISTEN / SUBSCRIBE:Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eecApple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWNYouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice.The Plan to Put a Bitcoiner in Every Boardroom on EarthHow a UK Recruitment Company Is Using Bitcoin to Disrupt a Global IndustryHow to Use Bitcoin to Solve the Three Biggest Problems in Recruitment⸻EDITED BY JAMES PEARCELinkedIn: https://www.linkedin.com/in/james-pearcesf/Available now on YouTube and all major podcast platforms.

The UK has the talent, the capital, and the financial infrastructure. So why are Bitcoin founders still hesitating? Ben Cousens — Chief Strategy Officer at ZBD, co-founder of Antidote, and one of the few people who’s been backing Bitcoin businesses from inside venture capital — joins Jordan on the rooftop at Antidote’s Hatton Garden space to get into it. 🇬🇧 Join the UK Bitcoin Business Network here:https://bitcoincollective.co/bbn/ CONTACT JORDAN:X: https://x.com/JayW132LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/Email: [email protected] CONTACT BEN:LinkedIn: https://www.linkedin.com/in/bencousens/Website: https://antidotebtc.com/ TIMESTAMPS:00:00 Intro — The UK Is Drifting, Not Falling Behind01:37 Ben’s Background — Video Games, Film and a Hard Pivot to Finance03:00 How Ben First Encountered Bitcoin04:15 The Hairdresser Top Signal and Selling at the 2017 Peak06:25 Top Three Video Games of All Time08:24 Getting Sign-Off to Research Bitcoin Inside a VC Fund09:33 Building a Bitcoin Investment Thesis at Lake Star11:15 What Is ZBD and How Does It Work?15:59 ZBD’s $40M Series C19:29 What People Get Wrong About Building Bitcoin Businesses25:15 The Moment Ben Decided to Found Antidote28:31 The UK Isn’t Falling Behind — It’s Drifting33:32 What Kind of Founders Is Antidote Looking For?38:48 How Early Do You Need to Be to Apply?41:50 Why Antidote Is Based on Hatton Garden49:53 Where Does Ben Want Antidote to Be in Five Years? READ OUR NEWSLETTER:https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE:Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eecApple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWNYouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCELinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms.

A fast food chain integrated Bitcoin payments in a matter of weeks, and same-store sales went up 10%. That’s not a marketing stunt. That’s the flywheel starting to turn. Will Reeves, CEO of Fold, joins Jordan to break down what Bitcoin adoption actually looks like for businesses right now — and why the companies moving early are building advantages that will be almost impossible to close later. 🇬🇧 Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] CONTACT WILL: LinkedIn: https://www.linkedin.com/in/will-reeves/ Website: https://x.com/willreeves TIMESTAMPS 00:00 Intro — Every Business Activity Should Earn You Bitcoin 01:00 What Is Fold and How Does It Work? 06:00 Bitcoin Rewards — Meeting People Where They Are 10:00 Why Most People Get Into Bitcoin Through Skin in the Game 15:00 Will’s Personal Bitcoin Origin Story 20:30 Fold for Business — How It Started 24:00 The Steak and Shake Bitcoin Bonus Programme 28:00 Will Businesses Start Rewarding Customers in Bitcoin? 32:00 Why the Infrastructure Flywheel Is Finally Ready 36:30 The Supply Chain Effect — Bitcoin Daisy-Chaining Through Industries 46:00 Fold Is Not a Bitcoin Treasury Company — Here’s Why 49:30 “Bitcoin Is Not the Goal. The Life It Enables Is.” 54:00 What’s Coming Next for Fold and Bitcoin Business Adoption READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms.

A nonprofit in West London is accepting Bitcoin donations to fund the next generation of entrepreneurs — and it all started with one conversation at a judging panel. Sheela Sharma is CEO of Portobello Business Centre, a 30-year-old nonprofit that helps underserved entrepreneurs — 70% of them women — start and grow their own businesses. Before that, she spent 14 years in investment banking, including as an equity analyst at Merrill Lynch covering medical devices and pharma. She came in knowing nothing about finance. She left as a COO. 🇬🇧 Portobello Business Centre are members of BBN. Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ Contact Sheela: Linkedin: https://www.linkedin.com/in/dr-sheela-sharma/ Website: https://www.pbc.co.uk/ 00:00 Opening clip — Bitcoin donations for entrepreneurs 00:40 Introduction and welcome 01:30 From Oxford DPhil to Merrill Lynch — the unlikely pivot 03:30 Learning to value medical technology companies 05:30 "What is a share price?" — the interview moment 06:30 14 years in investment banking: analyst to COO 07:30 Why she left — and what pushed her out 08:30 Joining Portobello Business Centre as chair, then CEO 10:00 The brands PBC has supported — Innocent Drinks, Charlie Bigham's, Karen Millen 12:00 Why PBC started accepting Bitcoin 14:00 Getting set up: Strike, Coin Corner and the Sustainable Society Trust 16:30 Understanding Bitcoin six months in 19:00 The utility of Bitcoin as a payment and store of value 21:00 Financial education in the UK — what's missing 24:00 Should entrepreneurship be taught in schools? 27:30 The scrunchie business — born at age 11 31:00 Roberta Huntington, Vinted and the power of simple ideas 34:00 Entrepreneurship as mindset — can it be taught? 39:00 The businesses PBC supports today 44:00 Why storytelling wins pitches 45:00 B Corp certification explained 48:00 The Bitcoin and B Corp community overlap 53:00 Bitcoin's future role in funding early-stage entrepreneurs 59:00 One piece of advice for anyone thinking about starting a business LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 This episode is for educational purposes only and does not constitute financial advice. ⸻EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms.

Andrew Webley is back for episode three. Since we last spoke in July, Smarter Web Company has achieved its London Stock Exchange main market listing, entered the FTSE All Share and FTSE Small Cap indices, grown its Bitcoin stack to nearly 2,700 BTC, and completed an acquisition that has grown revenue by roughly 10x. Not bad for a bear market. Jordan sits back down with Andrew to find out what's next, what Saylor told him at Strategy World, why he believes a Bitcoin treasury company will one day be the biggest company in the UK, and what a UK income equity product could look like. 🇬🇧 The Smarter Web Company are members of BBN. Join the UK Bitcoin Business Network here: https://bitcoincollective.co/bbn/ CONTACT JORDAN: X: https://x.com/JayW132 LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/ Email: [email protected] FOLLOW ANDREW: X: https://x.com/asjwebley Website: https://www.smarterwebcompany.co.uk/ CHAPTERS: 00:00 Coming up 00:34 Andrew returns to the podcast 02:15 Why bear markets help builders 02:58 What SWC achieved in the last six months 03:48 FTSE index inclusion and what it means 05:19 Share price vs MNAV frustration 07:22 What shareholders should track instead of price 08:44 Why treasuries can beat ETFs over time 13:20 The three education jobs SWC must do 15:44 What Andrew saw at Strategy World 22:26 Debanking still holding the UK back 25:27 Everything slowly then suddenly 28:19 Next milestones FTSE 250 and beyond 34:39 What the LSE listing changed with institutions 38:07 Stretch and the idea of UK income equity 45:19 Why the operating business matters READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/ LISTEN / SUBSCRIBE: Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613 Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1 All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice. ⸻ EDITED BY JAMES PEARCE LinkedIn: https://www.linkedin.com/in/james-pearcesf/ Available now on YouTube and all major podcast platforms.