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Understanding Bitcoin's Future & Stablecoin Dynamics · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
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  Speaker 2: don't hesitate. Let's Square handle the back end so you
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  Speaker 2: can keep pushing your vision forward. This episode is brought
• 1:10
  Speaker 2: to you by P and C Bank, a lot of
• 1:12
  Speaker 2: people think podcasts about work are boring, and sure they
• 1:16
  Speaker 2: definitely can be, but understanding of professional's routine shows us
• 1:20
  Speaker 2: how they achieve their success little by little, day after day.
• 1:24
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  Speaker 2: your bank, but keeping your money boring is what helps
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  Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
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  Speaker 2: eighteen sixty five is a service mark of the PNC
• 1:44
  Speaker 2: Financial Service Group, Inc. P and C Bank National Association
• 1:48
  Speaker 2: Member FDIC.
• 1:51
  Speaker 3: Bitcoin. You've obviously been in bitcoin for a long time,
• 1:53
  Speaker 3: so you know the vicious cycles of pullbacks, and so
• 2:00
  Speaker 3: we had a crypto winters, right are you? Are we
• 2:03
  Speaker 3: out of that phase and it's just a normal investment
• 2:06
  Speaker 3: cycle where we just have pullback. We don't have fifty
• 2:09
  Speaker 3: forty seventy percent pullback or could we potentially see another
• 2:13
  Speaker 3: drastic pullback.
• 2:15
  Speaker 4: I think we won't go back below seventy two thousand
• 2:21
  Speaker 4: for the next eighteen months.
• 2:24
  Speaker 1: I just don't think we will.
• 2:25
  Speaker 4: We spent so much time in that, you know, consolidating
• 2:29
  Speaker 4: new elections to high out. I think we measure ninety
• 2:32
  Speaker 4: seven thousands, our next target one hundred thousand, and then
• 2:35
  Speaker 4: we'll we might get into a range between one hundred
• 2:38
  Speaker 4: and eighty for a while before it goes up again.
• 2:41
  Speaker 4: But if you go back below the election day.
• 2:45
  Speaker 1: Something went wrong, then I'm gonna get really nervous.
• 2:50
  Speaker 2: What do you think, no, go aheads true, ILL say,
• 2:53
  Speaker 2: one of the things that people obviously they've they've watched
• 2:56
  Speaker 2: this phenomenon for the past five to six years very closely.
• 3:00
  Speaker 2: Maybe they got involved, maybe they didn't. But the one
• 3:02
  Speaker 2: of the things that holds people out is to trust.
• 3:05
  Speaker 2: And so you brought up stable coins. Obviously us DT
• 3:09
  Speaker 2: leads in that space. What are your thoughts around USDT
• 3:13
  Speaker 2: and is there another stable coin on the rise that
• 3:17
  Speaker 2: can help bring or encourage that trust in this space?
• 3:21
  Speaker 1: Well?
• 3:21
  Speaker 4: Lookten, So tether is you know, the dominant coin for
• 3:27
  Speaker 4: a lot of reasons, right, Chinese movie money, off shore
• 3:31
  Speaker 4: people using it for liquidity. But Ted doesn't share the
• 3:36
  Speaker 4: interest difference between where treasury bills are and zero with anybody.
• 3:41
  Speaker 1: Right, It's one of the great businesses I've ever seen.
• 3:43
  Speaker 4: So the team that owns Tether make a fortune. Howard Lutnik,
• 3:48
  Speaker 4: Trump's head of Transition is very involved with Tether. He
• 3:52
  Speaker 4: facilitates their buying and selling the treasuries, so it's a
• 3:55
  Speaker 4: big business for him. So he's got a vested interest
• 3:58
  Speaker 4: in keeping that dog alone alive. Jeremy a lair with USDC.
• 4:05
  Speaker 4: You know, he's the US based regulated stable coin. He
• 4:10
  Speaker 4: keeps most of those profits himself, so he's fighting for
• 4:14
  Speaker 4: for for his you know, regulation. This is a national
• 4:20
  Speaker 4: security discussion right right now, stable coins own about their
• 4:27
  Speaker 4: like the fifteenth largest owner of treasuries in the world. Right,
• 4:30
  Speaker 4: we issue treasuries to fund our debt. I would tell
• 4:34
  Speaker 4: you four years from now, they'll be the third or
• 4:37
  Speaker 4: the fourth largest owner of treasuries in the world.
• 4:40
  Speaker 1: Right.
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  Speaker 4: And so if you're the Secretary of Treasury, who's responsible
• 4:45
  Speaker 4: for funding this giant deficit? Do you want someone who
• 4:52
  Speaker 4: controls a trillion dollars maybe of treasuries to be regulated.
• 4:57
  Speaker 1: In the US?
• 4:58
  Speaker 4: Are you going to be sitting in in Europe or
• 5:00
  Speaker 4: in Montenegro or you know who can always say hey,
• 5:04
  Speaker 4: I'm selling them right. I think I think you're going
• 5:09
  Speaker 4: to see stable queen legislation that really favors the home
• 5:14
  Speaker 4: turf because it's because it's national security.
• 5:18
  Speaker 1: Now that doesn't mean you can't have foreign ownership.
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  Speaker 4: But I'm guessing everything's going to have to be here
• 5:24
  Speaker 4: in the US, But I don't know, that's just my guess.
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  Speaker 5: Or two parts before you speaking of treasuries, the bomb
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  Speaker 5: mark has been down since twenty one. When do you
• 5:35
  Speaker 5: think we'll recover? And then as far as debt to GDP,
• 5:39
  Speaker 5: what do you think happens first US going to one
• 5:41
  Speaker 5: fifty unfortunately, or dropping to one hundred within the next
• 5:45
  Speaker 5: maybe five to seven years.
• 5:47
  Speaker 4: Well that's the the fifty thousand dollars question. Listen, I
• 5:52
  Speaker 4: pray we go down. You know, how do you do that?
• 5:57
  Speaker 4: You have to inflate away your debt quietly. That means
• 6:03
  Speaker 4: running inflation at four percent, but not letting it go
• 6:09
  Speaker 4: to ten percent or fifty. And so it's a really
• 6:13
  Speaker 4: tricky job that the next Secretary of Treasury and Fed
• 6:16
  Speaker 4: governor have. I don't I card playing the land that
• 6:22
  Speaker 4: if you put a gun to my head, one fifties
• 6:25
  Speaker 4: more likely than one hundred. But I'm praying every night,
• 6:29
  Speaker 4: literally as a good American, that we get to one hundred.
• 6:34
  Speaker 5: You got another part to that question again, Oh, just
• 6:37
  Speaker 5: on your thoughts on one that you thought the bond
• 6:39
  Speaker 5: market overall will recover something I've been talking about for
• 6:41
  Speaker 5: a while. We've been down since twenty twenty one. Do
• 6:44
  Speaker 5: you think there'll ever be an uptick back in tot
• 6:49
  Speaker 5: You know.
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  Speaker 4: It's the biggest question, Like it doesn't feel like owning
• 6:54
  Speaker 4: bonds is a smart idea, but everyone has that.
• 6:56
  Speaker 1: I have that idea.
• 6:58
  Speaker 4: And already the old cur flattening, not steepening with Trump,
• 7:02
  Speaker 4: and bonds aren't selling off as much as we might
• 7:04
  Speaker 4: have thought they would, and so there might be some
• 7:07
  Speaker 4: volatility in the ball market short term.
• 7:10
  Speaker 1: I don't see a lot of.
• 7:11
  Speaker 4: Value in thirty years at four point fifty.
• 7:15
  Speaker 1: I just don't.
• 7:16
  Speaker 4: We're going to have to run inflation, and you know,
• 7:20
  Speaker 4: the commodity markets were telling me, bitcoins telling me that
• 7:25
  Speaker 4: inflation is more likely than not.
• 7:28
  Speaker 1: And so the days of zero percent inflation I think
• 7:33
  Speaker 1: are over. Now. Where could I be wrong?
• 7:37
  Speaker 4: You know, we get robots and AI that are so
• 7:41
  Speaker 4: fricking out of this world that everything gets done at
• 7:44
  Speaker 4: a lot.
• 7:45
  Speaker 1: Cheaper price.
• 7:47
  Speaker 5: That could.
• 7:49
  Speaker 4: It literally could, and so you got to have an
• 7:51
  Speaker 4: open mind, like AI is changing things so quickly, and
• 7:57
  Speaker 4: it really hasn't started.
• 7:58
  Speaker 1: That's the crazy part.
• 8:00
  Speaker 4: All of this stuff is being built now, and so
• 8:03
  Speaker 4: what we really got to look at is AI in
• 8:04
  Speaker 4: five years, and it might scare the living shit out
• 8:08
  Speaker 4: of us.
• 8:09
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