The Milk Road Show “Fiat Is Stealing Your Time”: Bitcoin Was Built for This Moment in History w/ Sam Callahan
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Mar 6, 2026 Sam Callahan, Director of Strategy and Research at Orange BTC and Bitcoin strategist, explains his idea that fiat 'steals your time' and why Bitcoin is built to preserve labor’s value. He discusses Bitcoin pay practices, the macro shifts reshaping markets, Bitcoin’s diversification role, comparisons with gold, and key risks like timing and technical threats.
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Fiat Steals Time Bitcoin Preserves It
- Fiat money effectively steals people's time by diluting the value of wages earned today before they can be spent in the future.
- Sam Callahan frames money as stored economic energy and argues Bitcoin's fixed 21 million supply preserves that value against inflationary dilution.
Price Of Uncertainty Is Rising
- The macro regime has shifted from decades of disinflationary globalization to rising uncertainty driven by high debt, protectionism, and fiscal stress.
- Sam points to bond yields, gold, and Bitcoin flows as market signals that the 'price of uncertainty' is rising.
Small Bitcoin Allocations Improve Diversification
- Bitcoin's long-run low correlation with other asset classes makes small allocations materially improve portfolio risk-adjusted returns.
- Sam highlights 2–5% allocations recommended by institutions can have outsized diversification benefits because Bitcoin moves on different drivers.