Should Bitcoin Have a Seat at the Table? Eric Runge on the Non-Sovereign Asset

In this episode, Scott and Eric explore: Why "Bitcoin, not crypto" is more than a slogan — and what separates Bitcoin from the ~3,500 other digital assets The two functions of money (store of value vs. medium of exchange) and why no historically "sound" money has existed The 1913 creation of the Fed, the ~97% decline in the dollar's purchasing power, and the 1971 suspension of the gold standard Gold's "weight problem" and how Bitcoin's weightlessness and absolute scarcity are designed to address it What absolute scarcity (21 million cap) means versus gold's supply responsiveness to demand Why family offices think in third-to-fifth-generation terms — for both wealth and values Bitcoin as a "non-sovereign," bottom-up asset that reached regular people before elites Objection handling: volatility, "no intrinsic value," and correlation with the NASDAQ/tech markets Whether correlation invalidates the monetary thesis — and how the "frame" you enter from changes the answer Where Bitcoin sits in its adoption arc: currently more store of value than medium of exchange The self-custody vs. ETF trade-off, including multi-sig setups and downside-risk-mitigated ETF structures Where a skeptical-but-open advisor should begin their due diligence ** This is the Optimized Advisor Podcast, where we focus on optimizing the wellbeing and best practices of insurance and financial professionals. Our objective is to help you optimize your life, optimize your profession, and learn from other optimized advisors. If you have questions or would like to be a featured guest, email us at [email protected] Optimized Insurance Planning