The Credit Bubble Nobody's Talking About (Got Bitcoin?) | Michael Tanguma | BFM251

Michael Tanguma is Co-Founder and CEO of Onramp, a pioneering Bitcoin financial services firm that offers innovative multi-institution custody solutions.

› https://x.com/mtanguma› https://onrampbitcoin.com/bram

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› https://youtube.com/@bramk⁠⁠

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🕑 TIMESTAMPS

00:00 The AI Productivity Boom and Deflation07:05 The Fragility of the Fiat System14:04 Bitcoin as a Solution to Monetary Issues21:51 The Role of Retail in Bitcoin Adoption28:52 The Psychological Shift Towards Sound Money31:24 The Illusion of Crypto Wealth34:04 Finding Clarity in Bitcoin Investment35:53 OnRamp Finance: Bridging Traditional and Digital Assets40:39 The Future of Banking and Bitcoin Integration46:34 The Role of AI in Financial Disruption51:33 The Early Days of Bitcoin Adoption and Future Outlook

ℹ️ EPISODE SUMMARY

Bram Kanstein and Michael Tanguma discuss what happens when AI-driven deflation collides with an inflationary fiat system. They map the credit air pockets forming in private credit, Treasuries, and leveraged business models. They flag commodity settlement in Bitcoin by sovereigns as the signal that the game has changed. They confront why Bitcoin still feels “speculative” when custody is hard and blowups keep staining the narrative. They argue the next wave is Bitcoin-native financial services, not more crypto casino.

RELAI DISCLAIMERRelai sponsors this show/podcast and is authorized to provide crypto-asset services in Switzerland and across the European Union under the MiCA regulatory framework with its license issued by the French regulator, AMF (License No: A2025-006). The company is actively expanding its services to EU member states following the completion of passporting notifications.