A new Unchained episode features Cory Klippsten discussing Bitcoin’s 23% rally to $80,000, which he links to Bessent’s Treasury buyback comment. The discussion also covers $3 billion in ETF inflows, Bitcoin moving to exchanges, and Klippsten’s criticism of stock-to-flow and power law price models. The episode also addresses the ColdCard wallet hack that drained more than 1,000 BTC, Swan’s RBX offering for converting GBTC shares into Bitcoin in a tax-efficient way, and broader custody debates. Additional topics include concerns over quantum threats to Bitcoin and the treatment of Satoshi’s coins within the network’s fee-market structure.