Buzzberg Cup Live

Bittensor Could Become the "Bitcoin of AI" w/ Karia Samaroo

Watch on YouTube ↗  |  July 03, 2026 at 18:45  |  44:52  |  Milk Road Macro
Speakers
Karia Samaroo — Founder & CEO, XTOW
John Gillen — Co-Host, Milk Road Macro

Summary

Karia Samaroo discusses his journey from building WonderFi (sold to Robinhood) to becoming a Bittensor evangelist and launching XTOW. He explains why decentralized AI matters, how Bittensor's subnet economy works, and why he holds only Bitcoin and TAO. The conversation frames TAO as a Bitcoin-like bet on decentralized intelligence, with XTOW offering a public-equity vehicle for exposure.

  • Karia founded WonderFi, Canada's largest regulated crypto exchange, which was acquired by Robinhood as part of its crypto push.
  • He sees decentralized AI as essential to prevent data misuse and single-point control by a few companies.
  • Bittensor (TAO) uses a Bitcoin-like supply cap (21M) and halving schedule, with miners, validators, and subnet owners coordinating to produce useful AI models.
  • Three top subnets are already generating approximately $20M in annual recurring revenue, signaling early product-market fit.
  • XTOW is a publicly traded validator and TAO treasury company aiming to simplify Bittensor exposure for public-market investors.
  • Karia personal portfolio consists exclusively of Bitcoin and TAO, driven by deep conviction and the rule of only investing in what he understands.
  • TAO's near-term price is likely correlated with Bitcoin, but long-term adoption may decouple it as decentralized AI awareness grows.
Ideas
Karia Samaroo Founder & CEO, XTOW 12:36
TAO is the Bitcoin of AI.
Bittensor (TAO) is the only asset since Bitcoin that Karia deeply understands and believes in. It creates a decentralized intelligence layer that coordinates global compute and talent to build AI models that compete with and surpass centralized AI. Subnets are generating real external revenue (top three subnets collectively ~$20M ARR), proving product-market fit. Tokenomics mirror Bitcoin with a 21M hard cap and halving schedule, giving it a predictable supply. As awareness of centralized AI risks grows, TAO benefits from the same movement dynamics that made Bitcoin successful.
TAO HIGH
Karia Samaroo Founder & CEO, XTOW 24:40
Publicly traded Bittensor validator and treasury.
XTOW is a publicly traded company that provides a simple, trusted, and auditable entry point for investors seeking exposure to the Bittensor ecosystem. It holds a large amount of TAO and operates one of the leading validators on the network, generating revenue from staking and validation. The validator is a core operating business that benefits from network growth, while the public listing makes it accessible to traditional investors who may not hold crypto directly.
XTOW MED
Karia Samaroo Founder & CEO, XTOW 37:58
Foundational decentralized money and store of value.
Bitcoin is the foundational decentralized money and store of value. Karia went all-in on Bitcoin in 2016 because it was the only crypto asset that truly made sense to him. He holds it as the core portfolio asset alongside TAO, driven by deep conviction in its role as an unconfiscatable, permissionless financial system.
BTC MED
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This Milk Road Macro video, published July 03, 2026, features Karia Samaroo discussing TAO, XTOW, BTC. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Karia Samaroo  · Tickers: TAO, XTOW, BTC