The Pomp Podcast - The Biggest Bitcoin Myths — And Why They're Dead Wrong | Chris Kline

Episode Date: June 9, 2026

Get Your Free After Crypto Guide Here: https://lp.bitcoinira.com/after-crypto======================Chris Kline is the co-founder and COO of Bitcoin IRA. In this conversation, we break down the biggest myths about bitcoin — including whether it's too late to buy, whether it's too volatile for retirement savings, and whether the government will ever ban it. We also discuss the strategic bitcoin reserve, quantum computing fears, and the convergence of AI and crypto.======================Arch Public is an agentic trading platform that automates the buying and selling of your preferred crypto strategies. Sign up today at https://www.archpublic.com and start your automated trading strategy for free. No catch. No hidden fees. Just smarter trading.======================0:00 - Intro0:31 - Myth #1: It's too late to buy bitcoin2:13 - Myth #2: Bitcoin is too volatile for retirement savings6:09 - Myth #3: The government will ban bitcoin10:50 - Myth #4: Quantum computing is a threat to bitcoin14:12 - Giveaway: 1914 Federal Reserve notes + Bitcoin IRA offer

There's a reality that this is a competition to the U.S. dollar in big banking, and that's why you've got people like Senator Elizabeth Warren and others that are digging their heels in that this is going to ruin the economy because it's a competitive nature to big banking. If they could have banned it, they would have banned it. And now we're in a place where instead of fighting it, I think they're embracing it. I mean, not just the U.S. government's got its reserve, but other countries around the world are looking at reserves, and big banking corporations like BlackRock and others have added this to the balance sheet. All right, Chris, we're going to cover the three biggest myths about Bitcoin. The first one is

it's too late to buy Bitcoin. It already ran up a bunch. There's no return left. What do you say to that? I think that's kind of a silly concept when you're talking about something that has scarcity, unlike any other asset class that's out there. We're talking about trillion dollar IPOs right now, and you're worried that Bitcoin is not going to get to two or three, maybe even 10X where it's at today? What do you think? Well, I definitely think that the trillion dollar IPO is a great point. But more importantly is not so much what is the solution, but what is the problem? The problem is government spending. It's undisciplined. They continue to print as much money as they possibly can. These people are like drunken sailors, both sides of the aisle do

it. And so if the problem is going to persist, then of course, the solution is only going to become more valuable over time. And if you look at Bitcoin's performance over the last decade or so, well, guess what's happening simultaneously? The government was printing and printing and printing. And so if they're going to keep printing, then Bitcoin is going to keep going up. And I always love the saying that Bitcoin's got no top because the dollar's got no bottom. And it seems like that's going to be the thing going forward. Yeah, I totally agree with that. When you think about it in relativity to all the other assets out there, especially fiat

currency today, there's no doubt to me that every and you're right, both sides of the aisle are doing it. When there's a problem, they press print. And that's what we're left with is a more debased currency. I think it's they average it out like it's like eight to nine percent debasement per year now. And that's what they're reporting. I mean, you you and I look at trufflation and things like that. Nothing nothing has changed as far as the the prescription of problems out of D.C. And nothing will change for quite a while. They they back themselves into this corner and there's no getting out of it.

It's either play with rates or print money. I mean, it is pretty, pretty insane, but we have a solution. so now everyone can calm down. All right, myth number two. Actually, somebody was just talking to me about this, not about retirement savings, but about Bitcoin's volatility. It's a little bit closer home to you guys. Bitcoin is too volatile for retirement savings.

Yes or no? I like to put the most volatile or risky assets in my retirement. Maybe call me crazy. My grandfather's probably rolling over in his grave because it was all about index funds and those types of things. I saw some pieces from you recently.

But to me, that's the longest horizon I have. I have 20, 30, 40 years before I'll even touch this. And it might be something that's generational wealth that I hand down to the next generation and they take the distributions out. To me, that's that makes sense as an asset. When you think about it in 10 year time periods or 20 year time periods, when in doubt, zoom out and you don't have that same noise of short term aberrations. guys. The thing that's interesting about this long time horizon is you want to match duration. One of the things that is known in finance is when you have duration mismatch, that's when problems get caused. So if you lend me short-term money and I then turn around and I lend it out long-term, well, if you want it back in the short-term, I don't have it because it's sitting there in long-duration type assets. Now, what you're talking about is a retirement savings is a long-duration vehicle. It is not going to be accessible until whatever, late 50s, early 60s, depending on the exact vehicle that you use. And so if you're 20, 30, even 40 years

old, you have a decade, two decades, three decades that you have to hold the assets in there. And so matching a long duration vehicle with a long duration asset like Bitcoin, one plus one equals three if you do math like me, right? Yeah, I agree with you on that. And when you also think about it, the tax advantage nature of it. So not just the timetable, but you're putting this money aside, the government gives you a benefit of putting it aside either via tax deductions or tax-free growth or tax-free distributions down the road. If Bitcoin does what you anticipate it to do in 30, 40 years, which the numbers are, I mean, we don't even need to throw those out there, but what people think a 21 million fixed rate in scarcity is going to look like in, say, 40 or 50

years, that's the place you want to be. You want to use a tool to your advantage. And there's very few tools the government gives us these days, right? There's not a lot. And this is one of those places where the, Hey, they give us a little break. You put the money aside for long-term and we're going to allow it to grow tax-free for you. You know, what's interesting to me is Jeff Bezos recently talking about the bottom 50% of Americans pay 3% of all federal, um, kind of contributions. And he thinks that they shouldn't have to pay taxes for that. And I thought it was one, obviously a very powerful idea. 50% of Americans would love Jeff Bezos and they would love the U S government if they, uh, if they instilled that, but more importantly is we

finally are having people at the national level have a conversation about it's not just what are real wages, what is the cost of inflation, but we're also talking about how do we have more after-tax dollars left in people's pocket. And so you're able to attack this in three ways, get inflation down, get real wages up, but also after-tax dollars being much higher, then you can maybe start to put a dent into some of the financial pain that people are feeling. Absolutely. And the problem though is the pendulum swings. It's an election year. And so we'll see. It's going to be an interesting end of the year here with what's going to happen. And it does swing, right? We went hard right and we go hard left. And most of America sits right in the middle and they just want more money in their pockets. That's really that's that's all they need to make it make their lives a little bit better every year is either you make things less expensive, which is really hard to do when you're printing money to oblivion, or you give them a little bit of a tax relief out there. And I think that's the next evolution that's coming in the next couple of years.

No tax on tips, no tax on social security, no tax on income. He throws that third one in there. He's going to have a lot of people very excited about it. Yeah, he might get three terms with that one. No tax on income. He throws that one in. That would be gangbusters. All right.

Third myth is the government will ban it. This was very popular narrative back in the 2010s. I think people maybe now start to believe that's not going to happen. But what's your view? You know, it's really hard to put the Pandora back in the box, right? You know, we're out and this is there's there's a there's a reality that this is a competition to the U.S. dollar and big banking. And that's why you've got people like Senator Elizabeth Warren and others that are digging their heels in that this is this is going to ruin the economy because it's a competitive nature to big banking. But, you know, if they could have banned it, they would have banned it.

And now we're in a place where they're instead of fighting it, I think they're embracing it. I mean, not just the U.S. government's got its reserve, but other countries around the world are looking at reserves and big banking corporations like BlackRock and others have added this to the balance sheet. And you've got the OG gangster himself, Michael Saylor, that's that's like, yeah, I might have to sell some Bitcoin, but I'm just going to buy more than I sell in a given time period. So this the new world is Bitcoin's a part of this. It's here to stay. I don't see some fashion where you can ban these things. And let's not forget back in 1933, President Roosevelt banned ownership of gold and silver because it was to help basically fund the New Deal. They confiscated all the gold and silver. And then the next day after they got everybody's gold and silver turned in, they doubled the price of gold.

They basically manipulated the whole thing. This is a different world today. Back then, it was a much smaller population. It was all about helping everybody out. We were all in trouble. Today's world, I just don't see something like that working. I don't see them taking my Bitcoin from my cold, bloody hands, right? All right, guys, let's talk about something that's actually moving the needle in crypto right now. And that's my guys over at ArchPublic. These guys are killing it.

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They have perfected how to automate advanced trading strategies without ever taking custody or asking you for your private keys. It's a big deal, obviously. So ArchPublic is an action-speak-louder-than-words type company. That's what I like to see. They give every user access to their platform absolutely free. You get to test it, you run the strategies, you watch the performance in real time,

And then only after all of that do you put real money in to go put it to work when you're 100% comfortable. That's it. No pressure, no hidden fees, no gotchas, none of that nonsense. Go to ArchPublic.com right now and you can get started for free. Once you see how you can accumulate and manage crypto this way, you'll never trade the same again. ArchPublic.com. Go check them out today. It is pretty fascinating to see that once the big Wall Street firms got involved, like Bitcoin became safe. In a weird way, Wall Street is a protector against government overreach because they're all buddies. It's like this revolving door between some of the Wall Street firms in Washington, D.C. Both sides of the aisle do it. All administrations do it. And so now once that is in their client's pocket, what are you going to do? You're going to show up to BlackRock or Fidelity or J.P. Morgan or any of these firms and say, oh, yeah, that revenue you got, that looks real nice. Why don't you give me that? There's no way they're going to allow it to happen.

It's pretty hard to fundraise for your next campaign when you're when you're taking money out of the pockets of the big boys. We all know that. Yeah. Now, the other thing I'm very interested in, we continue to hear the White House and a couple of different advisors talk about there's going to be some big announcement about the strategic Bitcoin reserve. You have any thoughts on what that could possibly be?

You know, well, I think I mean, for me right now, I'm still waiting for the passage of clarity, right? I think we're all like I think clarity leads to reserve in a lot of ways. Um, uh, but yeah, I think one thing that's, what that's interesting is that the holdings that they have in most other countries, they're not selling it. They're, they're holding it. So like normally, you know, if they confiscate a big, a big asset, like, um, they confiscate a large asset from say, uh, some kind of, uh, FBI or DEA thing, and it say it's a house

or something. The first thing they do is they go and liquidate that asset, right? Uh, and they turn it into cash and then it becomes part of the treasury fund for, uh, balances, uh, for, for operating budgets. but with Bitcoin and the Bitcoin holdings that they've, they've taken in, they're not selling any of these things. They're holding it, which is, uh, I guess the government has kind of become hodlers like you and I, right? I tend to think so. Now this is a bonus round. You didn't know this, but I told you there's going to be three myths. There's actually a fourth, uh, quantum

is something that everyone keeps talking about. Everyone's very worried that quantum technology could all of a sudden be a threat to Bitcoin agree or disagree. I disagree. I think this is kind of the FUD that's out there for the ones that maybe didn't get in or didn't believe that Bitcoin was going to be the future or strategic asset someday on balance sheets, that somehow the computers are going to break blockchain. I think that's absolute FUD that's out there. Because what also is happening, what people forget is that this isn't like a white paper that just stayed a white paper. I have it on my wall behind me here. It has evolved. It's a living, breathing organism, just like the U.S. Constitution. And there's consensus driven

tactics around making improvements to it. So, yeah, no, I think that's that's absolutely I get that all the time. You know, it's the holiday season, right? We got the we got the Memorial Day we just got through. We got we got Fourth of July. We got Labor Day ahead. These are the barbecues where people go, well, isn't quantum just going to kill Bitcoin? And I and I can't help but just kind of like shake my head and a little bit walk away because I think that one's way outside the limits of myth. It is pretty fascinating to me that I always ask people, like, have you seen a quantum computer? Have you used one? Do you know of one? And there are definitely breakthroughs that bring us closer. But as far as I understand, no one actually has

a quantum computer yet. It's just the technology is getting closer and closer. And so, you know, let's not be ridiculous. Let's not just completely ignore something that could be a threat. But I do wonder how much of it is people overreacting. And if there's one thing that the internet has become really good at, it is taking a very small kernel of truth and extrapolating out to some crazy thing. I think we saw this during the pandemic. We've seen this through many other things over the last four or five years, including tariffs, et cetera. And so I just say, calm down for a second. What is the actual technology? Where's the current progress today? What is the actual impact on Bitcoin or other encrypted technologies? And then what do we think the

probability, both in terms of timeline and severity, will be? My guess is that everyone is overreacting, but it doesn't mean we should completely ignore it. Be aware. But I'm more when it comes to technology advancements right now, and you're very deep into this. And I know I am, too. I'm more interested in the convergence between AI and crypto ahead. You know, I had I gave a keynote in Vegas at a YPO event a couple of weeks ago, and I talked about that there will be a day when we get full autonomy of these machines.

And I don't see a robot walking up and saying that it wants a gold bar or a piece of currency. I think it's I think that crypto and Bitcoin in particular fits perfectly into that narrative. There'll be a day not far from now where your smart fridge figures out you ran out of milk and it orders it from an Amazon drone and it gets delivered. And and that that exchange has to be settled somehow. And that's what I'm really excited about watching now. but I will point out, and I said this on stage was, you know, Bitcoin and crypto in general have been in the penalty box for 15 years now, it feels like. Um, and cause crypto years are a lot longer, right? But AI hasn't even been to the principal's office yet. Uh, and that day's coming to, you

know, when you talk about regulation, all it takes is one, one bad actor can really shake things up. Uh, and it'll be interesting to see how that all evolves over the next, I'd say 18 to 24 months, because it's moving really fast on that side. Yeah, I do think it's going to be pretty interesting. All right, you come bearing gifts. Every time you come on this show, you always bring something cool. You showed me, gave me a preview,

a little sneak peek around the curtain. You have 10 Federal Reserve notes from when the Federal Reserve was actually started. Let's first show people, what exactly are you going to be giving away here? Yeah, absolutely. So a piece of economic history, actually. So this is a U.S. dollar from 1914 because, you know, the Federal Reserve was announced in December of 1913.

So when the printing presses turned back on for the after the new year, what I went, I scoured the Internet because, you know, your audience is so good to me. And I wanted to leave them with a pretty cool gift as we celebrate our first year together. And I think this is pretty cool. You know, one of my friends got me one of these for my birthday a couple of years ago. So I went out and I scoured the Internet. I got fives, tens and twenties that were printed and issued in 1914, put them in, got them in nice little cases. And we've got 10 of them for lucky winners from from our promo that we're putting together. But this is kind of like the end all be all.

The first thing we did, if you remember, I called you after you got back from ConsenSys, which was right after the Bitcoin conference. And and you put something out there. I think you might have broken crypto Twitter. You put something out there that it was all dead. and I asked you what I'd say. I was like, are you getting messages in the mail with like, you know, they cut them out of like the magazines like, I will get you, Anthony. Well, look, it's, I still stand by what I said, right?

Is there are certain aspects of the industry that are going to mature and go start playing in the professional leagues of the finance industry. And then there's a lot that's going to get left behind. It's going to die off into irrelevancy. And what you need to do is you need to figure out what are the assets that are going to mature and kind of graduate.

And if you can do that, then obviously, that's great. We've got this, this paper that we put together, that I think hopefully will help people. It's kind of the stuff that we can't say on here, but we think is important. Tell everyone a little bit about what they can go and get this. Yeah. So you and I sat down and I was like, OK, if crypto is dead, what comes next? You know, with this the day after tomorrow. Right. What's what's the what's the after crypto reality for investors? How does that how do how do you play in this marketplace and have a good strategy if if it is evolving into an era of utility versus era of price speculation? Right. I think like you and I talked about and part of the part of the guy talks about where are the winners and losers? Well, it comes down to utility. Is there a use case for this? And will people invest in it because it has that use case? And so we put together a nice white paper together called After Crypto. What's next in this evolution of this space, which is really awesome. I'm excited about it. And the links down below in the description, you can you can easily click on it and you

can get access to it. It's completely free. Me and Anthony put it together. We co-authored it. And then once you get the guide, you'll be prompted to take a survey. And these things are important to us. We actually read these things to let us know where you're thinking and what's happening with the crypto space. And if you take a few moments out of your day to complete that survey, you'll be entered for a chance to win a piece of economic history.

Oh, got it upside down. A piece of economic history from 1914. But also, you and I are going to do a town hall with the 10 winners. So 10 people will be selected at random from completing the surveys. they'll get this nice piece of currency from over 100 years ago, plus some time with you and I and ask me anything town hall type event like this. And as always, I bring a lot of gifts. You can earn up to 4x the reward. So you can earn up to $4,000 in cash back by opening your Bitcoin IRA account if you're one of those lucky winners. So yeah, I kind of put it all out there for your audience on this run. I went to the board and said, hey, I really want to do something special

And so we put all these things together with you. I think that you should come on here next time with a Santa Claus hat. This is incredible, right? So what people have to do is they have to go and they have to take this survey, which Lincoln is in the description. When they take that survey, they're entered to win 10 people selected. They get the Federal Reserve bill note from 1914. Then also they get to come to a town hall.

You and I one-on-one with those 10 people. and then they also have the ability if they sign up for a bitcoin ira account you said they get four thousand dollars cash back as part of that as well yep exactly so lots of reasons i'm gonna go take the survey i'm gonna show up to the town hall as both uh me and uh as one of the 10 winners i want that federal reserve note yeah absolutely and don't forget there's a lot of really great stuff in that guide you and i co-authored like there's a really i think there's a lot of good meat and meat and potatoes in there for folks to think about and uh and consider as they're looking at the next 10, 15, 20 years of Bitcoin and crypto investing. So I think we brought a lot

of value to the table for your audience on this one. And I'm excited about it. So down below, you can get the access to the free guide and then take that quick survey and have a chance at holding history. Amazing. All right, Chris, thank you so much for taking the time to do this. We'll do it again in the future. Absolutely. Thanks for having me, buddy.