The Strait of Hormuz has been closed for over 60 days in the biggest oil supply shock on record, peace talks just collapsed again, and Iran's foreign minister is now in Moscow meeting Putin while Trump's negotiating team stays home. Farmers can't afford fertilizer, high earners are living paycheck to paycheck, and the U.S. government is accepting donations to pay down $39 trillion in debt. Yet Bitcoin keeps climbing — Strategy and BlackRock are still buying, 100+ crypto firms are pushing the Senate to finally pass the Clarity Act, and Kevin Warsh just cleared his path to replace Jerome Powell with a plan to completely overhaul the Federal Reserve. Today we break down why Bitcoin keeps rising while everything around it cracks, what Warsh's "regime change" at the Fed actually means for markets, and whether crypto is front-running something the rest of the financial system hasn't priced in yet. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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