Bitcoin Magazine Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset

Bitcoin’s volatility is falling, and Saifedean Ammous calls that the most bullish development in Bitcoin right now. Bear-market drawdowns have shrunk from roughly 87% to 77% to about 54% this cycle, which moves Bitcoin closer to an investable asset for money managers. Saifedean explains why the halving still drives the four-year Bitcoin cycle and why fewer people are buying with leverage at the top. He also discusses how markets may eventually arbitrage these cycles away.

Chapters: 0:00 Tether, Bitcoin & the Dollar Milkshake Theory 1:45 How the US Carries $40 Trillion in Debt as the World’s Reserve Currency 4:21 Treasury Yields Hit Multi-Decade Highs & the Bond Market Bear Case 7:00 War Spending, Iran & the Collapse of Fiscal Hope 9:20 Stablecoins vs Banks & the Hidden Treasury Rollover Risk 15:11 The Longest Hash Rate Bear Market in Bitcoin History 18:47 Why Miners Are Pivoting to AI Data Centers 21:31 The Halving, Bitcoin Cycles & Shrinking Drawdowns 25:56 MicroStrategy, Strive & Bitcoin Treasury Companies 29:07 The Humble Peasant Theory of High Finance

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This post Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset first appeared on Bitcoin Magazine and is written by Patrick Green .