# Nakamoto’s Next Phase with David Bailey

Page: https://stenobird.com/podcast/galaxy-brains-5335962/nakamoto-s-next-phase-with-david-bailey
Text version: https://stenobird.com/podcast/galaxy-brains-5335962/nakamoto-s-next-phase-with-david-bailey.md
Podcast: [Galaxy Brains](https://stenobird.com/podcast/galaxy-brains-5335962)
Published: 2026-03-19T18:36:00+00:00
Episode link: https://traffic.megaphone.fm/GD1239836786.mp3?updated=1773959719
Audio file: https://traffic.megaphone.fm/GD1239836786.mp3?updated=1773959719
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/galaxy-brains-5335962/episodes/nakamoto-s-next-phase-with-david-bailey
Duration seconds: 4188

## Resource

Alex Thorn talks with Nakamoto CEO David Bailey about its acquisition of BTC Inc. and UTXO Management. The acquisition brings Bitcoin Magazine and The Bitcoin Conference under Nakamoto’s roof, making Nakamoto one of the first bitcoin treasury companies to acquire operating businesses. Alex and David also discuss the Trump Administration’s bitcoin and crypto policies and preview the upcoming Bitcoin 2026 conference in Las Vegas this April. Alex also talks with Beimnet Abebe about markets, Fed policy, and his constructive outlook on BTC. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC) and Ethereum (ETH). Galaxy regularly engages in buying and selling BTC, ETH, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC and ETH. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC and ETH, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, March 18 , 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/galaxy-brains-5335962/episodes/nakamoto-s-next-phase-with-david-bailey/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/galaxy-brains-5335962/nakamoto-s-next-phase-with-david-bailey.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.