Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

City Bank projects Bitcoin could hit $189,000 by the end of 2026. Five years ago, the largest banks were calling Bitcoin "rat poison." This episode of Moonshots with Peter Diamandis covers that institutional flip, the rise of AI agents as paying customers, the U.S. government's appetite for equity in frontier AI labs, and a deep dive into epigenetic reprogramming from Brian Armstrong, CEO of Coinbase and co-founder of NewLimit. The throughline is that we are living through a singularity where the rules of finance, computation, and biology are being rewritten simultaneously.

Bitcoin, AI Agents, and the Agentic Economy

Bitcoin has been down, and Armstrong attributes this to a few short-term effects: AI absorbed much of the risk capital, stablecoins became the new meta after regulatory clarity from the GENIUS Act, and the inflation-hedge trade lost some luster. But he remains "as bullish as ever," calling Bitcoin the new digital gold and predicting a price in the "100 to 200K range" by year's end. The thesis that Bitcoin is counter-cyclical—rising when wars break out or markets crash—has not yet fully played out. Armstrong estimates that roughly 30% of capital treats it as digital gold, while 70% still treats it as a risk asset. Those ratios will shift over time.