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The Daily Stack

The Daily Stack

Daily News on Bitcoin | Stock Market | Artificial Intelligence

The Daily Stack is a live weekday program covering Bitcoin, macroeconomics, and global markets. Airing Monday through Friday at 12:30 PM ET, the show delivers real-time market analysis, ETF flow data, institutional news, and in-depth interviews with the executives, investors, and builders driving the Bitcoin economy forward. Hosted by Avi Mash, Jody Flournoy, Rob Wallace and the BitcoinNews.com team, The Daily Stack has built an audience of 300K+ subscribers who rely on the program for accurate, timely coverage at the intersection of Bitcoin and traditional finance. DailyStackHQ.com

261 - The $1 Trillion AI Test: Is Wall Street in Trouble?
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  • 261 - The $1 Trillion AI Test: Is Wall Street in Trouble?

    Avi Mash and Jody Flournoy dig into Anthropic's S1 numbers ($141B raised, $575M a month in free cash flow), Elon Musk saying debt markets have shut for companies without real revenue, and what a $1.5T Anthropic valuation would mean for Google, Microsoft and Amazon. They cover the Tesla and SpaceX merger talk, earnings week (Microsoft, Alphabet, Amazon, Robinhood, Reddit) and Eli Lilly's GLP-1 moat at $1.2T. Then Bitcoin: Strive buying 6,182 BTC while Strategy paused its buys to buy back STRC, and why they won't buy the Anthropic IPO on day one.

    Timestamps:
    0:00 Intro
    0:40 Welcome back, Jody's big week
    2:29 Bitcoin chop, Iran and oil
    4:36 Anthropic, Elon's tweet and the neoclouds
    8:09 Elon: debt markets are shut for companies without revenue
    10:17 Anthropic's S1: $141B raised, $575M a month in free cash flow
    13:50 SpaceX revenue and Starlink
    16:15 Dom Rinaldi on SpaceX, Tesla-SpaceX merger odds
    18:46 Shorting SpaceX at the IPO, watch out for IPOs
    20:47 Tesla up 6.5% on SpaceX rumors
    21:44 Earnings week: Microsoft, Alphabet, Amazon, Robinhood, Corning
    23:29 Hyperscalers own Anthropic, $210B for Google
    24:25 Reddit earnings Thursday
    25:54 Eli Lilly at $1.2T and the GLP-1 moat
    30:08 Viking Therapeutics and retatrutide
    33:56 Strive buys 6,182 BTC
    35:20 Strategy pauses Bitcoin buys, STRC buybacks
    38:36 Ledn
    39:40 Prediction markets
    40:44 Anthropic IPO market cap bets
    42:13 What to watch this week
    43:08 Don't buy the Anthropic IPO

    This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com

    Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack

    Listen and follow The Daily Stack:
    Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
    Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
    Website: https://dailystackhq.com
    X: https://x.com/dailystackHQ

    Not financial advice.

    Mon, 26 Oct 2026 - 43min
  • 260 - Adrian Morris on AI, $ASST, $MSTR and $SATS

    Jody and Avi sit down with Adrian Morris of True North, who wrote the long research paper on Strategy's Stretch buybacks. He compares Strive's new SATS preferred (15% fixed) with Stretch, explains why his modeling found the Stretch buybacks indistinct from zero on price, and why he doesn't see MSTR common stock buybacks moving the needle either.

    Then the AI question: whether AI capex and raises like Nebius are pulling capital out of bitcoin (his take is that expectations are the real risk, not a rotation), what Metaplanet needs to win back retail trust, why converts come back once bitcoin is much bigger, Vivek Ramaswamy's idea of putting part of Ohio's pensions in bitcoin, and a future where bitcoin sits at $500K and no one blinks. They close on Q4, Adrian's case that AI is about 98.5% of the way to AGI and only needs to be a genius, not a god machine, and rising above AI slop.

    Timestamps:
    0:00 Intro
    0:14 Cold open
    0:41 Welcome: Adrian Morris of True North joins
    1:29 Strive's new $SATS preferred vs Strategy's Stretch
    5:02 Why $MSTR common stock buybacks won't move the price
    10:35 Is AI draining capital from Bitcoin? (Nebius raise)
    14:49 Stretch buybacks: indistinct from zero
    16:47 Metaplanet and winning back retail trust
    19:30 Adapt, don't react: Saylor and retail on X
    21:42 Converts are coming back
    25:49 Midterms, Vivek and Ohio pensions
    30:49 What moves the needle for the next 10 million Bitcoiners
    33:59 Bitcoin at $500K and no one blinks
    35:25 Q4 outlook: SpaceX, AI capex and Bloom Energy
    41:56 How most people will actually use AI
    49:53 AI is 98.5% of the way to AGI
    51:29 We need a genius, not a god machine
    54:24 Rising above the AI slop and wrap-up

    This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com

    Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack

    Listen and follow The Daily Stack:
    Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
    Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
    Website: https://dailystackhq.com
    X: https://x.com/dailystackHQ

    Not financial advice.

    Fri, 23 Oct 2026 - 55min
  • 259 - Jeff Walton on Strive $SATS and British HODL on $MSTR

    Jody sits down with Jeff Walton, Chief Risk Officer at Strive, to break down SATS, Strive's new fixed rate perpetual preferred that pays $15 per share a year (15% at its $100 par) and sits junior to SATA. Jeff walks through how it compares with SATA and Strategy's Stretch, why he sees capital and capital structure as Strive's moat, and what changed after the warrants expired on October 13 with about 94% of that capital, roughly $700 million, in the door.

    Then British HODL joins to talk Strategy using cash to buy back Stretch and trusting management, why he says serious capital isn't going into self custody after two of his videos moved $130 to $150 million into IBIT, Grant Cardone's blend of real estate and bitcoin, and why he sees $126K as a mid-cycle top on the way to his $340K target.

    Timestamps:
    0:00 Intro
    0:13 Cold open
    0:42 Jeff Walton, Chief Risk Officer at Strive, joins
    1:15 What SATS is: Strive's new fixed rate perpetual preferred
    2:36 Why SATS sits junior to SATA
    3:45 SATA and Stretch as a bitcoin money market
    8:34 AI and the end of technological moats
    9:40 Can JP Morgan or BlackRock copy Strive's capital structure?
    13:06 The expired warrants and what comes next for SATS
    17:57 How retail investors can get into bitcoin finance
    19:12 Jeff's story of a $4 billion fraud investigation
    21:33 British HODL joins
    22:19 How are you going to pump my bags? Treasury company CEOs
    27:08 Trusting the management team as an equity investor
    29:23 From a billion to a trillion dollar company
    30:28 Self custody after the Coldcard incident
    34:03 Coldcard vs IBIT: two business models
    34:43 Moving cold storage into IBIT for covered call income
    35:46 Why real estate is finished
    38:51 The Fed, rate cuts and Warsh
    40:43 Bitcoin and the 200 week moving average
    42:18 What the midterms mean for markets
    45:50 Diversifying your bitcoin stack
    47:03 British HODL's private community
    49:30 Risk beyond the base layer: treasury companies then and now
    54:24 The New York panel with Robert Mitchnick and $15.5 trillion in the room
    56:59 Execution over spreadsheets
    1:00:31 Where to find British HODL and the close

    This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com

    Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack

    Listen and follow The Daily Stack:
    Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
    Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
    Website: https://dailystackhq.com
    X: https://x.com/dailystackHQ

    Not financial advice.

    Thu, 22 Oct 2026 - 1h 02min
  • 258 - Tech Earnings Preview with @JFDI and @FatherOfTrades

    JFDI and Father of Trades join Avi for a tech earnings preview. They cover BlackBerry's QNX royalty backlog hitting $1.25 billion, the AI infrastructure trade (Nebius, CoreWeave, IREN, AAOI, Aehr), why Father of Trades is shorting SpaceX into its earnings tonight (no profit yet, heavy spending and a 28% share unlock), Tesla's PE of 329 ahead of its report, Netflix, Texas Instruments and Meta's capex.

    Then KT, CEO of Astro Intelligence, talks building Astro on multiple AI models, why he still sees Meta reaching $1,000 by early 2027 even with 900 calls capping it this year, CoreWeave getting back to about $85, the SPY levels he's watching around 770 to 772, and Alphabet into Meta's earnings.

    Timestamps:
    0:00 Intro
    0:13 Cold open: best moments
    0:38 Tech earnings week: what we are watching
    1:13 BlackBerry QNX news
    3:29 Is Big Tech AI capex priced in?
    6:43 SpaceX IPO expectations
    14:33 Netflix earnings preview
    17:54 Tesla earnings: robotaxi, Uber and EVs
    25:36 Meta, AI agents and the road to $1,000
    30:36 Meta options flow and positioning
    36:20 Texas Instruments and memory chips
    39:15 KT joins: Anthropic and OpenAI IPOs
    43:46 Astro Intelligence AI trading demo
    51:29 Astro pricing and waitlist
    53:05 SPY levels into the midterms
    56:10 Meta capped at 900? CoreWeave and the $1,000 target
    59:13 SpaceX and Tesla merger: 3D chess
    1:02:24 Play of the week: Google calls

    This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com

    Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack

    Listen and follow The Daily Stack:
    Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
    Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
    Website: https://dailystackhq.com
    X: https://x.com/dailystackHQ

    Not financial advice.

    Tue, 20 Oct 2026 - 1h 03min
  • 257 - Joe Consorti on $MSTR, $STRC Buys and Bitcoin Through $100K

    Joe Consorti joins host Jody Flournoy on Macro Mondays to break down the MSCI index decision on Strategy ($MSTR), Strategy's $STRC buybacks back to par, and why he thinks bitcoin can blast through $100,000. Then Artem Ponomarev, CEO of X-Place, explains borrowing against stocks and bitcoin and why he expects the biggest bull run ever.

    Joe walks through the numbers on MSCI forced selling, the Fed and $100 oil, why he treats MSTR as a trade and bitcoin as savings, what people get wrong about treasury company leverage, paper bitcoin, and Michael Burry versus the Fed backstop. Artem covers partial liquidation protection, tokenization and Robinhood, which stocks work as collateral, and how AI job losses could shape markets.

    Timestamps:
    0:00 Intro
    0:14 Cold open: best moments
    0:42 Macro Mondays with Joe Consorti
    2:56 MSCI index rules and Strategy's forced selling math
    4:03 Strategy repurchasing STRC back to par
    7:07 Michael Saylor's reply and the subprime double standard
    9:47 Fed rate cut odds, $100 oil and credit
    13:30 Bull market mindset and a free Bloomberg terminal for bitcoin
    16:05 Bitcoin and Nasdaq chart: can BTC blast through $100K?
    21:01 STRC price, repurchases and dividend yield
    26:22 Should you own MSTR or bitcoin?
    27:58 Treasury company leverage misconceptions
    30:23 The bitcoin debt spiral YouTuber narrative
    33:21 Paper bitcoin and why most conspiracies fail
    35:31 Michael Burry vs the Fed backstop
    40:30 Will the macro backdrop stay supportive? Where to follow Joe
    42:13 Sponsor: Ledn
    42:45 Artem Ponomarev of X-Place joins
    44:11 Why Artem expects the biggest bull run ever: AI and stimulus
    47:51 What X-Place does: borrowing against stocks and bitcoin
    50:02 Partial liquidation protection explained
    51:26 Robinhood, tokenization and one-to-one backed assets
    54:52 Which stocks qualify as collateral: SPX, QQQ and the top names
    57:01 Selling vs borrowing against your portfolio
    1:01:25 Growth in India and Thailand and the referral program
    1:02:59 Outlook: AI job losses, stocks and leverage
    1:05:37 Wrap up

    This podcast is powered by Scanley, AI visibility for banks and credit unions. Get your 1st month free with code DAILYSTACK at https://meetscanley.com

    Taking a BTC loan? Our friends at Ledn are offering .25% off their lowest rates with our link: https://www.ledn.io/partner/dailystack

    Listen and follow The Daily Stack:
    Spotify: https://open.spotify.com/show/0JQzqfVmkKiXuwSA6hyoDs
    Apple Podcasts: https://podcasts.apple.com/us/podcast/the-daily-stack/id1831884653
    Website: https://dailystackhq.com
    X: https://x.com/dailystackHQ

    Not financial advice.

    Mon, 19 Oct 2026 - 1h 06min
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