A new documentary is in production that traces the nuances of bitcoin’s four-year cycle and David Bailey — the founder of BTC Inc. and chairman and CEO of Nakamoto Inc. (NASDAQ: NAKA) — through what filmmaker, Parker Worthington, describes as one of the most pivotal chapters in BTC’s history.
“It’s been a long run,” Worthington said on the Bitcoin Magazine live desk at the Bitcoin 2026 Conference.
The documentary is tentatively titled This Time Is Different and was produced in association with Michael Markle. The project began as a focused documentary about Bitcoin payments, with early footage shot in 2024 around open-source payments infrastructure.
But the scope expanded after Worthington began making repeated trips to shoot with Bailey’s team, first in Puerto Rico, where early discussions about taking a company public — at that point still referred to in hushed terms — were just beginning to surface.
Those early rumblings soon became the central thread of the film. What followed was the public launch of Nakamoto Inc., formed through a reverse merger with KindlyMD and backed by a roughly $710 million capital raise — at the time among the largest PIPE financings ever tied to a digital asset company.
The documentary aims to capture the full arc of a four-year cycle, which included the highs and lows of launching a public Bitcoin company, the quietude that comes with SEC obligations, and the resilience required to navigate a bear market while executing a multi-entity consolidation strategy.
“I’m glad you got it on camera so people can see the raw passion that goes into this business,” David Bailey, CEO of Nakamoto, said on the live desk. “A lot of people say that people in bitcoin got lucky…this documentary shows the conviction you need to be in bitcoin.”
Worthington told Bitcoin Magazine that what may look chaotic from the outside reflects a much more deliberate and complex story than any stock ticker alone suggests — pointing to Bitcoin Magazine, UTXO Management, BTC Inc., and Nakamoto’s broader media and investment arms as evidence of an operating business with real revenue and reach.
A release window of winter 2027 has been discussed, though the project could extend into 2028 depending on how the broader crypto market cycle plays out.
The film is expected to be feature-length with potential distribution via a streaming platform. Worthington and the team expressed interest in packaging it as a standalone piece before exploring any series format.
Bitcoin Magazine is published by BTC Inc., a subsidiary of Nakamoto Inc. (NASDAQ: NAKA).
