“ABSOLUTELY INSANE: What’s Coming for BTC Is 10x Bigger Than 2016” – Chamath & All-In Podcast #Finance

at the beginning of the year I said the breakout asset was going to be Bitcoin I think it looks like it’s going to be the resounding Inflation hedge asset for the next 50 or 100 years so that die has been cast I think you’re seeing the last vestages of people

using gold as a rational economic Insurance policy but I think the future is specifically Bitcoin on that dimension so I guess you could trade that you could speculate on that at the beginning of the year just before the approvals of several spot Bitcoin exchange traded funds by

the US Securities and Exchange Commission billionaire venture Capitalist chamath Palapa chose Bitcoin and Bitcoin ETFs as his most anticipated trend of 2024 the

venture Capitalist also made some important predictions about Bitcoin and Bitcoin ETFs projecting that 2024 would be the most important year for the leading

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency since its creation he predicted that Bitcoin would cross the chasm this year and really see mainstream adoption chamoth also said he was certain that Bitcoin would become a part of

the traditional Financial lexicon by the end of 2024 but sheth’s most important prediction for Bitcoin is his prediction of an impending massive Bull Run ahead for the Cryptocurrency

during one of the earlier episodes of the all-in podcast the billionaire pointed out that in previous cycle bitcoin’s price remained in the same range within 3 to 6 months after the having events however after the 6th month things get really heated up and prices Skyrocket he is predicting a

similar order of events in 2024 and 2025 both in terms of prices and increased adoption shath estimates that Bitcoin could reach more than $500,000 per coin by October 2025 which marks exactly $18 months post having he reiterates these predictions in the latest episode of the podcast with two

others of the besties entrepreneur and angel investor David Friedberg and David Sachs co-founder and general partner at craft Ventures discussing how the gloomy fiscal situation in the US and across the globe is driving investors towards Safe Haven Assets like Bitcoin and gold as

we bring you clips from the discussion please take a little time to like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this thanks and enjoy the CashNews.co there’s a there’s another couple of nuances here that I think are important

the US dollar complex is thriving which means like the US dollar is strong backend Yields are rising and then another thing that I look at is this thing called put call skew so basically like on balance how are people hedging in the short term and in the bond market they own a lot

more puts than they do call I think that this is the entire Financial infrastructure of the world repositioning itself from what was a toss-up election to a trump win and when you look at why it’s because when you forget the candidates themselves for a second but if you think about the actual

policies and where the spending will occur I think that there has been a very clear decision that the Trump economic plan will drive better growth than the Harris plan and if you think that there is more growth coming typically what will come with that is a little bit more

Inflation the risk premium that you’re going to need in a high growth environment is higher what is risk premium that is how much do I want to invest for a risky asset versus a safe asset and so all of these things are coalescing so I think that the shortterm takeaway that I

have just looking at all of this data is that in the economic distribution of outcomes this is now tilted overwhelmingly to a trump win and this is not an emotional statement or what I want to happen but this is just an observation how how tens of trillions of dollars of self-interested financial

actors have now repositioned their risk and if Trump wins which it looks like he’s increasingly going to do and if he wins by the margins that it looks like it’s going to do you’re going to see a lot of these things exacerbate Gold’s going to go up more probably Bitcoin will

probably go up the short-term economic upside for the economy will probably get reflected in higher Equity prices but it’ll also push out long-term rates the Inflation picture becomes a little bit murkier but I think that that’s what’s happening I

think that the the financial Markets are pricing in a trump win sry just to understand better why is gold go up in a trump win I think in the short term what happens is that you see more

economic growth but in the medium term Inflation goes up and so you want to hedge right so it’s it’s more about a durational balance of Assets so in the short term you’ll be long the things that will generate earnings but in the medium to long

term you want to head yourself so Bitcoin and gold I think will trade that way as you heard right there the key line that Paul tutor Jones said was all rad lead to Inflation I mean that that’s what’s basically happening right now is that the market is afraid that

Inflation is not whipped and is going to resurface and the FED may have to Pivot from the pivot and raise Interest Rates that’s why he doesn’t want to own any treasuries separately another Financial Legend Stan ducken Miller gave an interview where he

has something like a 20% short position meaning 20% of his Holdings are short us treasuries right now so he’s betting that there are long-term Inflation pressures and that rates are going to have to rise and and you’re seeing again that since the FED cut rates on

September 18th by 50 basis points that the 10e T bills Yield has risen by 60 basis points so I I think my interpretation is that this is less about the election and more about the none;">Markets not liking the fed’s ray cut on September 18th I think that in hindsight it was too big sax believes the Federal reserve’s 50 basis rate reduction in September was a subtle admission that all is not well with the US economy despite Fed chair Jerome Powells remarks

that the economy has turned the corner shortly after the fed’s rate cut announcement saaks observed that the central bank has initiated a rate cutting cycle with a 50 basis point cut only Thrice in history during the crisis in 2001 the great financial crisis in 2007 and the covid-19 pandemic

in 2020 these were all during severe situations that were followed by severe economic declines he added that the fed’s decision to start with a 50 basis point cut despite the official assurance that all is well with the economy signals that serious problems lie ahead for the US economy during

the episode shath billionaire said Sachs noted that the Fed was supposed to tiptoe into a rate cutting cycle by starting with a quarter percentage cut like the market expected but they couldn’t because Powell and other fomc officials are already in panic mode and are only trying to maintain a

sense of calm and normaly so the entire economy does not go up in flames saaks and Friedberg believe the recent performance of Assets like gold and Bitcoin proves these earlier assumptions and signals what lies ahead for the US and global economy in 2025 here are more clips from

the CashNews.co so again the market is concerned that Inflation is not whipped that the FED may have been overly precipitous and how it cut cut rates and then the other thing is they just do not like the longterm fiscal picture of the US one other chart we should bring up is

interest on the national Debt what you can see here is that it has gone absolutely parabolic in the last couple of years our interest on the Debt what like 1.3 1.4 trillion a 1.35 trillion run rate y $3,500 per American and it’s something like 20 to 25% of

federal Revenue now is going to Debt Service and this continues to increase now I think there was an expectation that we’d be able to get this line to go back down once we had rate Cuts right because if Inflation’s licked and the FED

can lower Interest Rates again and we can get back to a 2% 10year bond which is where we were a few years ago then all of a sudden that National Debt Service becomes a little bit more reasonable right I mean you can you could service that Debt at

half the cost but now it looks like that may not happen so just to to wrap this up I just think that the market doesn’t like these fundamentals of the US fiscal picture you’ve got rapidly increasing Debt service costs you’ve got an Inflation

picture that is murky and may not be going away and the bond Markets are starting to price in higher Interest Rates for longer and this is why Paul tutor Jones is saying all

Rose lead to Inflation and this is why duck Miller is shorting us treasuries so just to give you guys a sense total us household corporate and government Debt which include state and local and federal so household Debt in the US about 18 trillion

corporate Debts about 11 trillion state and local government Debts 3 trillion obviously the federal Debt 36 trillion that adds up to a whopping $68 trillion of total Debt across um the US which if you assume a 6% average interest

rate you know you got corporate Debt and household Debt so it’s a little more risky so it carries a higher rate that means we’re spending about $4 trillion do a year of an economy that’s only 29 trillion a year to service the Debt

just to pay the interest on the Debt so 15% of every dollar that trades hands is going towards interest payments on existing leverage on existing Debt it’s a highly levered system and if you look around the world this problem is not just a US ch challeng

Global Leverage is a problem that’s now becoming a crisis for uh countries everywhere so um this is becoming kind of a global leverage problem which might explain the flight to Safety in Assets like gold and Bitcoin and um is going to present a lot of real struggles for every

global economy now the question is does the US dollar maintain its Reserve status because ultimately I think it is inevitable that the Federal Reserve in the United States is going to need to buy the Debt they’re going to need to monetize the Debt which means

printing money there is no one else to buy the Debt so pull up the China chart Nick China’s historically been the biggest buyer and owner of us treasuries but here’s what’s happened in the last couple of years it peaked at about $1.3 trillion about 10 years ago

and then recently particularly starting around covid they began selling down and have been selling down at an accelerated Pace today China is back to the level they were at nearly 15 years ago in terms of their Treasury Holdings and they have publicly declared that they are selling

off us treasuries and buying gold instead so the biggest buyer of us treasuries has kind of left the market or is leaving the market who does that leave well at the end of the day the Federal Reserve has been the kind of buyer of Last Resort and if they end up buying treasuries that’s where

we have a problem with too many dollars and Inflation kicking up and so it feels like a lot of the trades in Assets are what’s going to benefit from the Inflation and it’s going to be gold it’s going to be Bitcoin in related news

the international monetary fund has issued a dire warning about the global public Debt situation which it predicts will rise above $100 trillion by the end of the year with the US and China Accounting for a significant share of rising public Debt

levels in a report released on Wednesday the IMF warned that Global public Debt will reach 100% of world GDP by the end of the decade a troubling situation it says would have dire consequences public Debt may be worse than it looks said vder Gaspar the imf’s

director of fiscal Affairs he added that government’s Debt calculations suffer from an optimism bias and are prone to underestimation Wednesday’s report noted that governments are facing a fiscal policy trilemma most governments are spending more to ensure security and

growth and also facing resistance toward higher taxation while public Debt levels become become less sustainable the report found that countries in subsaharan Africa are most Under Pressure between the need to spend to eleviate Poverty while struggling with lower tax capabilities

and worse Finance conditions the report concluded that unsustainable Debt levels place the global financial color: #1a73e8; text-decoration: none;">Markets at risk of a sudden sell-off if the poor fiscal situation continues to persist this proves that the demand for Safe Haven Assets like gold and Bitcoin will increase significant iFly as the situation worsens in coming months and

years putting further upward pressure on prices please share your thoughts on the imf’s report and the besty’s predictions for the global economy and Safe Haven Assets like gold and Bitcoin in the comments section below also ensure you like this CashNews.co subscribe to

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