The Making of 'This Time Is Different'
A new documentary tracing Bitcoin’s four-year cycle and the story of industry leader David Bailey is now in production. Tentatively titled 'This Time Is Different', the film is directed by Parker Worthington and produced in association with Michael Markle. Worthington announced at the Bitcoin 2026 Conference that the documentary captures one of the most pivotal chapters in Bitcoin's history.
From Payment Documentary to an IPO Story
The project started as a focused documentary about Bitcoin payments, with early footage shot in 2024 around open-source payment infrastructure. But the scope expanded after Worthington made repeated trips to shoot with Bailey's team in Puerto Rico, where early discussions about taking a company public were just beginning to surface. Those early rumblings soon became the central thread of the film.
The Historic IPO of Nakamoto Inc.
The documentary chronicles the 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. It captures 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.
The Reality Behind Bitcoin’s Four-Year Cycle
David Bailey 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. The film aims to show the full arc of a four-year cycle, including the passion and resilience of the industry.
Release Plans and Outlook
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.