Bitcoin benefits as the risk of creating gold through alchemy has entered public consciousness. That perceived threat to gold's scarcity supports a long Bitcoin position as a persistent theme. x.com 

Historic debt levels and currency debasement make Bitcoin's role as a store of value more important than ever, countering Jason Calacanis's call to sell it. x.com 

Bitcoin is nearly done as momentum has vanished and the world has largely moved on from it. If it saw true inflows, it wouldn't be this weak while markets hit all-time highs in a risk-on environment. It needs an 80% rise just to regain its all-time high, and talk of $1 million bitcoin or matching gold's market cap is over. x.com  x.com  x.com  x.com  x.com 

Government will never stop printing money, which should make bitcoin, gold and land do well for two decades. x.com 

Gold and bitcoin should benefit from debasement as the US government, now the least credible it has ever been, faces higher borrowing costs that make its growing debt harder to finance, leading to money printing and more inflation. Bonds' risk-free status is eroding as the 10-year signals rising inflation and Fed hikes fail to slow a hot economy or fix an energy supply shock. x.com 

Gold, silver and bitcoin are in a cyclical downturn driven by a rallying dollar, even though the secular debasement trade remains on. The dollar index hit a 13-month high, tightening everything priced in dollars and unwinding crowded positions: gold is under $4,000, off about 25%, silver is down about 40% and bitcoin is below $60,000. Over decades fiat erodes, driven by fiscal dominance rather than the Fed's balance sheet, so size for the cycle and position for the secular trend. x.com  x.com  … Show more

Bitcoin's near-term macro backdrop is not yet favorable because the Fed balance sheet is stuck at $6.75 trillion, so patience is warranted. The Fed will eventually have to step in for debt markets. ETF inflows leave time for October to turn positive, while Bitwise raised its 2036 target to $1.6 million and says institutions may allocate 1% to 5% as adoption and debasement-hedge demand rise. A U.S. Strategic Bitcoin Reserve may start buying very soon once crypto rules are settled. x.com  x.com  … Show more

Bitcoin, as digital gold, offers a very good risk/reward long from oversold daily levels below its 200-week average. Markets will likely conclude Fed chair Warsh is not serious about holding down inflation, and the US deficit keeps growing regardless of who controls the White House and Congress. x.com 

Bitcoin is unlikely to stage a 2020-style V-shaped recovery because crypto keeps competing with AI for capital, and the flows have clearly gone to equities, especially AI names. The 2020 rebound followed a pandemic, a doubling of the money supply, rate cuts and stimulus checks; today global liquidity is at a record, but rates could rise. Bitcoin may still be a great buy here. @Bobby_1111888 argues the macro backdrop is the most 2020-like since then and the AI headwind may be turning. x.com  x.com 

Yield curve control would be the new QE, forcing the Fed to create money on demand, which makes Bitcoin and gold attractive hedges. Under YCC the Fed buys unlimited Treasuries to cap yields, paying with newly created reserves, unlike QE's preset amounts. @SimplyBitcoin notes the US cannot refinance $12-15 trillion of debt at 5%, and James Lavish says money printing is coming whatever it is called. x.com  x.com