#21 James Priday on Bitcoin ETNs, FCA Scrutiny, and the ISA Headache

#25 Sam Roberts Part 5: Balance Sheet Resilience & Planning for the Fiat Endgame

In this fifth instalment of the Roberts Series, Dan sits down once again with Sam Roberts (actuary, pension expert, and Bitcoin thinker) from Cartwright Pension Trust.   This episode focuses on a concept Sam calls balance sheet resilience: not predicting a single bad scenario, but stress-testing your finances against many possible futures, including the continuation of a 55-year fiat monetary experiment that, by most measures, is becoming increasingly fragile.    Dan and Sam cover:   • What balance sheet resilience actually means, and why most organisations have never properly analysed it  • CPI at double digits, the Bank of England moving from 0% to 5%, and UK debt at 100% of GDP  • Why the media narrative around inflation is designed to look the wrong way  • Dan's Lebanon story, what happens to an economy with no government at all  • The £3 trillion UK pensions landscape and the rise of CDC and Tontines  • Three essential books: The Fourth Turning, The Big Print, and Principles of Economics  • Time preference, why sound money changes how you buy a kettle  • How charities are starting to think about Bitcoin for donations and treasury  • When stablecoins might be right and when only Bitcoin will do    Part 6 is already planned, and this episode ends with a preview of what's next. 21shares Disclaimer - Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Approved by Archax 19/03/2026. Enquire about P1 Investments here - marketing.p1-im.co.uk/bitcoinifa [https://marketing.p1-im.co.uk/bitcoinifa] Website - www.thebitcoinifa.com [http://www.thebitcoinifa.com/] We always recommend watching ‘What’s the Problem’ by Joe Bryan: https://bit.ly/jbwtp [https://bit.ly/jbwtp] DISCLAIMER:  This podcast is for FCA-authorised financial advisers only and is not for retail clients. The views expressed in this content, and all other content on this channel, are those of the individuals speaking and do not constitute financial advice or a recommendation to invest in any product, asset, or strategy — including those discussed in sponsored segments. This content is for educational purposes only. Always do your own research and consider all relevant risks before making any investment decisions.

#24 Jordan & Jez: The Network Turning UK Business Cash Into Bitcoin

In this episode, Dan sits down with Jordan and Jez from the Bitcoin Collective — the organisation behind the UK's first major Bitcoin conference in 2022 — who have just launched the Bitcoin Business Network.    Over £300 billion sits in UK SME business accounts. More than half earns zero percent. Jordan and Jez spotted a pattern: their Bitcoin community had three times the concentration of business owners compared to the national average. So they built something for them.    In this conversation, Dan, Jordan and Jez cover:    • How the Bitcoin Collective started as a podcast and became a movement  • Why the Bitcoin community is the only 'cult' that encourages critical thinking  • The £150 billion problem sitting in UK SME accounts earning nothing  • How a decision made at a train station over a Guinness launched the Network  • Why an ex-Chancellor of the Exchequer is now publicly advocating for Bitcoin  • What happens when a hotel chain owner meets a Bitcoin-accepting tailor  • Why business owners — not retail investors — may be the fastest adopters    If you're an adviser with business-owner clients, or a business owner yourself, this episode is highly recommended. 21shares Disclaimer - Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Approved by Archax 19/03/2026. Enquire about P1 Investments here - marketing.p1-im.co.uk/bitcoinifa [https://marketing.p1-im.co.uk/bitcoinifa] Website - www.thebitcoinifa.com [http://www.thebitcoinifa.com/] We always recommend watching ‘What’s the Problem’ by Joe Bryan: https://bit.ly/jbwtp [https://bit.ly/jbwtp] DISCLAIMER:  This podcast is for FCA-authorised financial advisers only and is not for retail clients. The views expressed in this content, and all other content on this channel, are those of the individuals speaking and do not constitute financial advice or a recommendation to invest in any product, asset, or strategy — including those discussed in sponsored segments. This content is for educational purposes only. Always do your own research and consider all relevant risks before making any investment decisions.

#23 Risk Management in a Debasing Currency System - Sam Roberts Part 4

In this episode of The Bitcoin IFA Podcast, Dan sits down with Sam Roberts to explore one simple but powerful question: If you’re responsible for managing other people’s money… can you afford to ignore Bitcoin? Rather than hype or price predictions, this discussion focuses on risk, fiduciary responsibility, and scenario analysis. * What happens if Bitcoin goes to zero? * What happens if it 10x’s? * What happens if it 100x’s over 30 years? And perhaps more importantly… * What happens if fiat continues to debase? What We Cover * Why fiat currency is structurally designed to expand * Fixed supply vs unlimited supply: basic supply and demand * Why “Bitcoin to zero” is a responsible scenario to model * Why ignoring Bitcoin may itself be reckless * 3–5% global adoption * The Cantillon effect and long-term currency debasement * Why a 1–5% allocation deserves serious analysis * Government bans, quantum computing & common objections * Intergenerational wealth vs short-term speculation Key Quotes From This Episode > “It’s worth running the numbers if it goes to zero. But it’s also worth running the numbers if it 10xs.” > “As soon as you have a central power, it seems to be human nature to debase the currency.” > “You compare Bitcoin against fiat — Bitcoin is better than all of them.” > “I can take some responsibility myself and improve my own life by opting out of this system…” 21shares Disclaimer - Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Approved by Archax 19/03/2026. Enquire about P1 Investments here - marketing.p1-im.co.uk/bitcoinifa [https://marketing.p1-im.co.uk/bitcoinifa] Website - www.thebitcoinifa.com [http://www.thebitcoinifa.com/] We always recommend watching ‘What’s the Problem’ by Joe Bryan: https://bit.ly/jbwtp [https://bit.ly/jbwtp] DISCLAIMER:  This podcast is for FCA-authorised financial advisers only and is not for retail clients. The views expressed in this content, and all other content on this channel, are those of the individuals speaking and do not constitute financial advice or a recommendation to invest in any product, asset, or strategy — including those discussed in sponsored segments. This content is for educational purposes only. Always do your own research and consider all relevant risks before making any investment decisions.

#22 What if everything we know about free markets is wrong?

Jeff Booth, author of The Price of Tomorrow, spent 15,000 hours trying to disprove Bitcoin. What he discovered challenged everything he understood about free markets, risk, and the financial systems we operate within.  This conversation isn't about convincing you to believe anything – it's about examining whether the foundations we've built our careers on are as stable as we've assumed. For financial advisers seeking analytical depth rather than speculation, Jeff explains:  * the difference between technologies and protocols,  * how Bitcoin is already solving the objections most advisers raise,  * and why the real risk might not be what we think it is.  This is a conversation for professionals who understand that fiduciary responsibility sometimes means questioning the very systems you're operating within. 21shares Disclaimer - Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Approved by Archax 19/03/2026. Enquire about P1 Investments here - marketing.p1-im.co.uk/bitcoinifa [https://marketing.p1-im.co.uk/bitcoinifa] Website - www.thebitcoinifa.com [http://www.thebitcoinifa.com/] We always recommend watching ‘What’s the Problem’ by Joe Bryan: https://bit.ly/jbwtp [https://bit.ly/jbwtp] DISCLAIMER:  This podcast is for FCA-authorised financial advisers only and is not for retail clients. The views expressed in this content, and all other content on this channel, are those of the individuals speaking and do not constitute financial advice or a recommendation to invest in any product, asset, or strategy — including those discussed in sponsored segments. This content is for educational purposes only. Always do your own research and consider all relevant risks before making any investment decisions.

#21 James Priday on Bitcoin ETNs, FCA Scrutiny, and the ISA Headache

Bitcoin ETNs are finally “allowed” again in the UK, but advisers are not exactly throwing confetti. In this episode, Dan sits down with James Priday to unpack what’s really slowing adoption, and why the headline change does not automatically translate into real-world advice activity. You’ll hear why crypto ETNs are still treated as restricted mass market investments, what that means in practice (including appropriateness tests and criteria like high net worth or sophisticated investors), and why platforms and advice firms need extra operational and compliance controls before they get comfortable. James also breaks down the ETN vs ETF confusion and why that terminology alone can create perceived risk for advisers and clients. Then it gets properly messy when Dan raises the ISA situation, including the discussion around HMRC confirming that you’re allowed Bitcoin ETNs within an ISA. This one is not to be missed.  21shares Disclaimer - Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Approved by Archax 19/03/2026. Enquire about P1 Investments here - marketing.p1-im.co.uk/bitcoinifa [https://marketing.p1-im.co.uk/bitcoinifa] Website - www.thebitcoinifa.com [http://www.thebitcoinifa.com/] We always recommend watching ‘What’s the Problem’ by Joe Bryan: https://bit.ly/jbwtp [https://bit.ly/jbwtp] DISCLAIMER:  This podcast is for FCA-authorised financial advisers only and is not for retail clients. The views expressed in this content, and all other content on this channel, are those of the individuals speaking and do not constitute financial advice or a recommendation to invest in any product, asset, or strategy — including those discussed in sponsored segments. This content is for educational purposes only. Always do your own research and consider all relevant risks before making any investment decisions.