89: The Wrong Moment

The podcast examines whether Bitcoin is fulfilling its intended purpose amidst global economic and political shifts. It analyzes Ray Dalio's observation of a breaking monetary order, Ursula von der Leyen's comparison to the Nixon shock, and Mark Carney's critique of the "rules-based international order." The discussion covers the implications of central banks buying gold, the yen carry trade's impact on Bitcoin's liquidity, and Coinbase's opposition to the CLARITY Act. It also touches on the US Treasury Secretary's statements about a Bitcoin strategic reserve and scrutiny of the Federal Reserve. Ultimately, the podcast questions why Bitcoin hasn't surged as a safe haven asset, suggesting it's still early in its adoption cycle.