In 1971, a 4-year public college cost about $1,800 all-in — roughly 19 weeks of household work. A summer job covered it. Today the same degree costs $108,000, or 70 weeks of household income. The sentence “I paid for college with a summer job” stopped making sense somewhere in the last fifty years — and the reason isn’t the admissions office.

This week’s receipt traces where the money went. Measured in gold, college actually got 35% cheaper since 1971. Measured in Bitcoin, a degree got 80% cheaper in just the last six years — from 5.5 BTC in 2020 to 1.1 BTC today. The college didn’t change. The yardstick did.

In the Zoom Out: the CLARITY Act keeps moving, spot Bitcoin ETF inflows stay near record monthly pace, the BITCOIN Act and a possible Treasury reserve buy in Q4, and U.S. national debt crosses $36 trillion with interest payments now exceeding the entire defense budget. In the Exit: $1.7 trillion in U.S. student debt, three generations of families paying off one admissions decision, and how a fixed-supply money flips the math. Off the Receipt: should you skip college? What’s a realistic Bitcoin allocation if you’re not betting the house?

Next week: rent. The renter’s side of EP1’s house story. The math is just as ugly.

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This week’s written receipt: exitvelocitybtc.substack.com/p/your-parents-could-pay-for-college

The Receipt is a weekly podcast from Exit Velocity. New episodes every Tuesday.