
Why AI Agents Will Send Bitcoin To $1M (No One Sees This) | Eric Yakes | BFM299
Eric Yakes is the author of The 7th Property and founder of Epoch Ventures, investing in Bitcoin infrastructure while analyzing how immutability and free banking systems can shape our future. › https://x.com/ericyakes PARTNERS 🔐 The Bitcoin Way is your personal Bitcoin security team. Schedule a free, 30-minute consult: http://www.thebitcoinway.com/bram?utm_medium=podcast&utm_source=partner-bram-kanstein ⚡ Stack Bitcoin faster with Invity Turbo Buy: https://invity.onelink.me/yIY4/BRAM — use code BRAM to get €50 after 10 completed transactions PRODUCTS I ENDORSE › Get 10% off a Bitaxe open-source Bitcoin home miner using code BRAM at https://shop.powermining.io/?ref=BRAM › Heat your home and Earn Bitcoin with Heatbit - Get 5% off with code BRAM https://heatbit.com/?ref=BRAM › Stamp Seed: The safest way to backup your hardware wallet - Get 15% off with code BRAM at https://stampseed.com 🔔 SUBSCRIBE TO GET NOTIFIED › https://youtube.com/@bramk › https://x.com/bramk 🕑 TIMESTAMPS 00:00 Intro 00:43 Immutability in the Age of AI 04:50 Agentic Bank Runs and AI Slop 07:25 An Agentic Economy Needs a Check 09:47 Free AI Versus the Civil Servant 14:39 The Stupidity Gap 16:50 Will Agents Cause a Bank Run? 20:44 How Money Enters the System 22:10 Stablecoins as Money Market Funds 27:06 What Is a Digital Bank Run? 29:14 Three Avenues of Bitcoin Adoption 31:06 Do Stablecoins Slow Bitcoin Down? 36:35 US Debt and the Eurodollar Precedent 40:07 Bitcoin's Offshore Trojan Horse 41:07 Money as a Protocol, Like Language 44:13 Bitcoin's Path to a Million 48:42 A Money You Can Carry in Your Head 51:04 The Base Layer in the Digital Realm 55:59 Fractional Reserve: The Burden of Proof 1:00:36 Commodity Money Versus Credit Money 1:01:15 Can Agent Activity Replace Inflation? 1:03:13 Bitcoin as Full-Fledged Money 1:05:37 Outro ℹ️ EPISODE SUMMARY Bram Kanstein and Eric Yakes discuss what happens to money when AI agents start managing it. As intelligence gets cheap, agents will close the stupidity gap that banks profit from. Eric explains why that will not cause a bank run in the near term, but will force banks to pay you interest. He argues that an agent economy needs an uncontrollable ledger, and that yield-paying stablecoins could become Bitcoin's Trojan horse. They close on fractional reserve and why Bitcoin can be full-fledged money.