JP Morgan Map and the Mid-April Cliff

The Last Trade: Jackson, Michael, and Brian break down the Google quantum whitepaper hype, the Strait of Hormuz crisis going binary, Oracle's 30,000-person layoff wave, Warren Buffett calling for 0% inflation, and why ground beef at $7 a pound tells you everything the CPI won't.

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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.

🎙️ About This Episode

Google's quantum AI lab dropped a new paper and the panic merchants are back on schedule. The crew separates the theoretical from the existential, flags the incentive structures behind the loudest voices, and explains why bitcoin's conservative development ethos is a feature, not a bug. From there, the conversation shifts to the Strait of Hormuz and the JP Morgan supply map showing US deliverables running dry by mid-April. Oracle cuts 30,000 employees in a single morning email and the stock rallies. Six of the Mag Seven are already in bear markets while the index pretends everything is fine. And then Warren Buffett says what bitcoiners have been saying for years: the Fed's inflation target should be zero. Ground beef is up nearly 100% since 2019. The compounding works both ways.

🧠 Chapters

00:00 — Google Quantum Whitepaper Breakdown

06:08 — Soft Forks, Migration Paths & Why Haste Is Risk

07:29 — Incentives & the Conflict of Interest Question

13:30 — Hormuz: Binary Outcome, Global Consequences

15:36 — JP Morgan Supply Map & the April 15th Cliff

19:29 — COVID Parallels & the Coordination Pattern

23:15 — Market Signals & Trump's Shifting Timeline

26:09 — Abundance Ending, Counterparty Risk Rising

28:18 — CNBC Turmoil Indicator: 40% Average Return

31:05 — Oracle Lays Off 30,000: AI Cover or ZIRP Hangover

36:42 — Mag Seven Bear Markets: Signal or Noise

41:44 — Warren Buffett Says 0% Inflation Target

46:49 — Ground Beef at $7: The Real CPI

50:50 — Coinbase Gambling vs. Wealth Preservation

54:33 — Golf Courses vs. Data Centers & Last Takes

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