One Zettahash and a $40 Trillion Endgame for Bitcoin | Bitcoin Mining, Hash Rate & Long-Term Valuation | Oct. 23, 2026

Roberto argues Japan is the monetary experiment lab for the West: thirty years of QE, QQE, and yield curve control that never created growth, with yield curve control next for the United States if a bond market crisis hits. He calls the BIS the head of the Medusa and makes the finale case that Bitcoin solves the Triffin dilemma, because a reserve asset with no host country cannot break one, unlocking $20 to $40 trillion in daily trade liquidity and forced nation-state adoption. Terence Michael opens the show as Bitcoin's hash rate returns to one zettahash, one sextillion computations per second.

Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.

Full video on YouTube: https://www.youtube.com/watch?v=sCqfUdMDAHc | X: @lorenhodl and @proofofmoney

00:00 Show open, 1929 to the moon

02:13 Hash rate back at one zettahash

04:35 The October 1929 anniversary

05:25 SpaceX bonds are yielding 8 percent

05:51 A massive shortage of capital

15:00 Boiling down an investment philosophy

24:25 JPMorgan says Bitcoin performs best

26:52 Natalie on the advisor business

27:32 A Bitcoin Alpha inheritance talk

29:17 Why The Bitcoin Standard still lands

32:14 Homes should not be stores of value

35:00 Which Bitcoin ETF for an allocation

45:00 Off-balance sheet manipulation

50:05 The morality play was never needed

50:55 BIP110, Bitcoin's latest civil war

1:05:01 Will they take over the mining pools

1:10:00 House, credit card debt, or Bitcoin

1:12:35 Hold until the thesis is invalidated

1:17:33 How to actually monitor adoption

1:18:31 Dan and Robert take the stage

1:24:45 Japan's domestic carry trade

1:33:09 Why the room follows Roberto

1:35:03 Talking Japan with Roberto

1:42:48 The financial repression playbook

1:50:03 Can you just delete the debt

2:03:25 Winding down for the weekend

2:05:19 Japan is the West's experiment lab

2:09:01 Bitcoin has no host country