# From Lehman Brothers to Bitcoin: The Truth About Money, Credit & Why Banks Are Broken | Mike Revy

Page: https://stenobird.com/podcast/cypherpunk-d-7048189/from-lehman-brothers-to-bitcoin-the-truth-about-money-credit-why-banks-are-broken-mike-revy
Text version: https://stenobird.com/podcast/cypherpunk-d-7048189/from-lehman-brothers-to-bitcoin-the-truth-about-money-credit-why-banks-are-broken-mike-revy.md
Podcast: [Cypherpunk’d](https://stenobird.com/podcast/cypherpunk-d-7048189)
Published: 2026-04-24T22:00:28+00:00
Episode link: https://feeds.fountain.fm/ho65hsvrWmLjkhNBMKfI/items/TLNbFqBKBnadqazRu3Hx/files/VIDEO---DEFAULT---7edd379d-07fa-4f01-bd39-8ca4d5cb7f15.mp4/ORIGINAL.mp3
Audio file: https://feeds.fountain.fm/ho65hsvrWmLjkhNBMKfI/items/TLNbFqBKBnadqazRu3Hx/files/VIDEO---DEFAULT---7edd379d-07fa-4f01-bd39-8ca4d5cb7f15.mp4/ORIGINAL.mp3
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Duration seconds: 3895

## Resource

In this episode of Cypherpunk’d , we sit down with Mike Revy — former Lehman Brothers trader turned crypto founder — to unpack the hidden mechanics of money, credit, and the global financial system. From surviving the 2008 financial collapse to discovering Bitcoin in its earliest days, Mike shares an unfiltered perspective on how Wall Street actually works — and why the current system may be fundamentally broken. We dive into: What really happened inside Lehman Brothers The truth about investment banking and “the evil empire” Why credit — not money — is the foundation of the global economy How rehypothecation quietly powers (and risks) the financial system Why Bitcoin solves money… but not credit How Bulla Network is rebuilding finance on-chain The future of decentralized credit, stablecoins, and global trade This conversation goes beyond surface-level crypto takes — it’s a deep exploration of power, incentives, and what comes next. Welcome to Cypherpunk’d — where we explore money’s history, crypto’s future, and Web3’s role in advancing freedom and digital sovereignty.

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## Transcript

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