Tad Smith joins Joe Burnett to discuss why he still favors bitcoin over gold, how AI is reshaping software, labor, and opportunity, and why he sees the current market setup as increasingly attractive for bitcoin and Strategy. They also dig into Digital Credit, the long-term potential of Strategy’s preferred products, the quantum cloud over bitcoin, and Tad’s new role leading Candy Digital.
Timestamps:
0:00 Intro
1:28 What First Clicked for Tad on Bitcoin
4:11 Gold vs. Bitcoin Right Now
6:51 Current Market Dynamics, Oil, and Volatility
8:46 Why AI Pressures Traditional Software
10:53 Why Tad Still Likes Palantir
13:03 The Fed, Inflation, and Global Liquidity
17:11 Weakening Labor Markets and Why More Printing Could Follow
19:49 Is AI Replacing White-Collar Work?
22:57 Tad’s Advice for Students and Young Workers
26:14 AI, Abundance, and Choosing Optimism
29:51 Where We Are in the Bitcoin Cycle
32:37 Does Bitcoin Have a Real Floor?
35:46 What Could Trigger Bitcoin’s Next Move Higher
38:52 Morgan Stanley, Quantum Risk, and Clearing the Clouds
46:56 Strategy, STRC, STRK, and Amplified Bitcoin
51:49 Is Stretch Strategy’s iPhone Product?
55:21 Tad on Candy Digital and Digital Collectibles
57:42 Final Thoughts on Fear, Resilience, and Happiness
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16 Comments
Great interview Joe.. Please do more interviews with Tad. You are a good team.
You did amazing! This video is both detailed and educational. I share financial thoughts on my profile.
40k
Very low alpha conversation. Tad clearly comes from privilege – he’s got that smug Ivy League vibe about him. Says things like he “totally understands bitcoin” but I promise you he would sell it to fiat in a heartbeat and never look back. Plays his hand by telling you Palantir is a great investment. Ya the big tech surveillance war machine… I’m sure he’s made some decent decisions over the years but from my listen of this conversation he’s superficial and not worth absorbing thoughts from
4:21 into this interview I’m going to leave… this guy arrogance is just unbearable
Tad is one of the most interesting people in the btc space, well done Joe.
I like palantir right now, and napalm Inc, and mustard gas pty Ltd
Great Interview Joe, always great to hear Tad's thoughts
If a company has to pay its product's buyers a double-digit return, the product might be risky and not safe
12:41 explosive network effects of Sauron surveillance? Bullish on Mordor!
He reminds me if Peter Lynch.
I like his thoughts on quantum computing. His ideas are a good middle ground.
Hello YouTube. I know your watching. Keep me on this orange side of YouTube . ❤
20 mins in but gonna comment on the intro. How can he possibly say 126k was highly over valued. Bitcoin has been lagging for almost 2 years compared to m2 supply growth. Every other asset had been booming in the last 12 months except Bitcoin. If Bitcoin had followed M2, gold price, tech price- it would of been around 180k.
126k was under valued in my opinion for that time. The 50% drop since then was very random. The only explanation is people believed in the 4 year cycle.
One I don't care that the price dropped because i'm still buying but….. I really hate that it dropped and proved the 4 year cycle crowd right. To believe in a 4 cycle with 3 data points is really effing stupid. Especially since there was no catalyst this time to cause the drop.
I really hope it recovers this month and goes back to 100k just so that all the people following the 4 year cycle pattern waiting for 40k later in the year miss out. These people don't deserve to be rewarded. It's like a kick in the teeth to reasonable people who know we can't predict what the market is going to do. The only thing we can do is look long term and say it's probably going to go up and expect crashes along the way.
In conclusion 126k was not over valued. The drop was from human behaviour rather than real world events. I hope it recovers so humans thinking they can predict market timings are not rewarded.
Hard to take …a double speak-easy. .
Yes, invest in Palantir. You won't have any blood on your hands fine sir.