@$20343: Is Bitcoin The Answer To A Failing Treasury Market?
The state of the Treasury market isn’t looking great. With Japan, Russia and China dumping U.S. bonds, the question remains: Who will buy our debt?
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Greg Foss to talk about how owning bitcoin is the greatest asymmetric trade in history and why bitcoin could have a value of $2 million in today’s value.
Watch This Episode On YouTube Or Rumble
Listen To The Episode Here:
- Apple
- Spotify
- Libsyn
Greg Foss: [Discussing the current state of the U.S. Treasury bond market.] Japan is dumping it. Russia is dumping it. China is divesting from U.S. Treasury bonds. So who’s there to buy it? I guess the Treasury can buy their own bonds. What does that mean? QE (quantitative easing) infinity. Hence, bitcoin. So you see? Look, it’s pretty simple, guys. Don’t overthink this; play the odds, play probabilities.
I could lay out why bitcoin should someday trade for over $2 million in today’s dollars per bitcoin, based on that thesis. But again, it’s probability analysis. It’s sitting in a risk chair. It’s playing out different scenarios and then putting your money behind a scenario that has the greatest expected value. Which is not to say it has the greatest probability, it’s to say that the chance of it happening, multiplied by the price that occurs when it happens and expected value is the most opportune. That’s why I think bitcoin is the greatest asymmetric trade opportunity I have ever seen in my career hedging risk. I’m not 100% certain. But I’m pretty darn confident that at $20,000 per bitcoin, it represents an incredible asymmetric opportunity.
More Airdrops...
More NFT Drops...
More Crypto News...
- Free Valley Air District 2023 Calendar
- Free Valley Air District 2023 Calendar
- Free Valley Air District 2023 Calendar
- Bear Market Blues: Miners and Long-Term Holders Are Dumping Their Bitcoin
- Why Argentina Is Saying, “Viva La Bitcoin Revolution!”
- Bitcoin And Anarchy Have Rules Without Rulers
- FREE AlcheGold Tokens In Alchemon NFT Airdrop!
- FREE ANSR Coins In Answerly Crypto Airdrop!
- Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch)
- FREE ANSR Tokens In Answerly NFT Airdrop!
- Using Bitcoin Derivatives To Discern Speculation From True Momentum
- Bitcoin is the Cure to Global Yield Curve Control: Arthur Hayes
- Do Kwon Refutes 3,313 BTC Transfer Allegations, Terra Whistleblower Backs Founder
- FREE NFTs Tokens In Rubic NFT Airdrop!
- FREE Metaverse Citizenship Tokens In Blockchain Land NFT Airdrop!