Buy or SELL Bitcoin? What You Need To Know NOW | Lawrence Lepard & James Lavish | BFM207

Nov 20, 2025

Guest

James Lavish

Guest

Lawrence Lepard

In this engaging discussion, James Lavish, Managing Partner at the Bitcoin Opportunity Fund, and Lawrence Lepard, author of The Big Print, explore the intricate dynamics of Bitcoin and macroeconomics. They dive into how older Bitcoin holders impact market cycles and the Fed's precarious position leading to inevitable monetary expansion. The duo emphasizes Bitcoin's role as a liquidity bellwether and debates its adoption relative to gold, all while offering insights for younger investors looking to navigate this evolving landscape.

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INSIGHT

Gold Then Bitcoin: Fire Alarm vs. Smell Test

Gold has already front-run monetary debasement while Bitcoin remains a more sensitive liquidity indicator.
Bitcoin falls when liquidity tightens and will soar once a large liquidity expansion occurs.

INSIGHT

Geopolitics Drove Central Banks To Gold

Seizing Russian treasuries and SWIFT exclusion pushed central banks toward gold and away from U.S. Treasuries.
That geopolitical precedent raises demand for non-sovereign money like gold and eventually Bitcoin.

ADVICE

Do Due Diligence On Bitcoin Treasury Stocks

Research Bitcoin treasury stocks thoroughly: read 10-Ks, 10-Qs, debt terms and diluted MNAV.
Evaluate total enterprise value and avoid companies trading at irrational MNAV premiums.

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Lawrence Lepard is a professional investment manager and author of “The Big Print”. James Lavish is Managing Partner at the Bitcoin Opportunity Fund. Both are vocal advocates for Bitcoin's transformative potential of finance.

› https://x.com/jameslavish

› https://x.com/lawrencelepard

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🕑 TIMESTAMPS

00:00 - Introduction: The Macro Thesis Is Accelerating00:53 - OG Selling Broke The 4-Year Cycle07:32 - Bitcoin Is The Liquidity Fire Alarm08:47 - The Fed Is Trapped: Big Print Is Certain11:39 - The Catastrophic Seizure of Russian Treasuries14:45 - Gold Is A Bond, Bitcoin Is Growth Equity18:37 - The Warning on Bitcoin Treasury Stocks25:31 - Why Hardest Money Always Wins34:25 - It's A Trend, Not A Trade36:51 - How To Handle Bitcoin Volatility42:47 - Who Is Buying The OG Bitcoin Supply?48:28 - The Trigger Event: Feels Like Summer '0851:11 - The Debt Spiral & The Egg Toss Analogy01:00:42 - Positioning for The Bitcoin Standard01:08:41 - How The Elites Colluded on Money01:12:56 - The Revenge of the True Bitcoiner01:19:38 - Why The Fed Will Run It Hot Next Year01:24:06 - Wisdom for Millennials & Gen Z

ℹ️ EPISODE SUMMARY

Lawrence Lepard and James Lavish join Bram Kanstein again on the podcast to decode the current strange market sentiment despite an accelerating macro environment. They reveal that recent Bitcoin price action is driven by significant "OG selling" and liquidity draining, signaling a pre-event tightening in the system. Lawrence explains the key difference: gold is sniffing out monetary debasement, while Bitcoin is the perfect "liquidity fire alarm" reacting to what the system cannot print anymore. Both guests agree the Fed is trapped and another massive "big print" is mathematically certain, which will eventually force a historic, non-temporary monetary shift. This certainty means Bitcoin isn't a trade but a long-term position in a debasement trend that will see it eventually reprice the entire monetary order.