Anthony Pompliano

And even though gold is a good, theoretically, inflation hedge, not if it means rate cuts are going from zero to up.

Bitcoin already discounted this, so it already got ahead of it.

If we're going to have a recession and private credit is going to become a bigger issue, then I'm going to go back to my thesis for Bitcoin, which is they're going to have to do something to provide liquidity to the system.

If you can't get the oil price down, I hate to say it, guys, but if private credit is worsening, they're going to have to do something for private credit.

I wrote about it last week.

I'll say it again.

This is my belief that the 1970s are the most important thing for Bitcoin.

Not in the fact that inflation in the 1970s was high.

We all know that CPI got up to higher levels than in 2022.

Then it came down, then it went higher again, then kind of went sideways.

It just never died.

We could be in a three-year period where

where now that oil prices are no longer sitting there, and I think we're in a commodity bull market, where we could have headline inflation stay high, core inflation for services could come down because of the deflationary pressures on AI.

The deflationary pressures on AI are crushing software and they're crushing anything built on code.

And like I've said, if you at the end of this year are sitting there and you realize that the S&P 500 was unchanged or down slightly,

And next year, there's not a lot of hope for anything changing because we're still in a commodity bull market and people are like, what's going on here?

We've got a credit problem.

We've got this.

Then all of a sudden people are looking for growth assets and they look around and I think Bitcoin will be the best performing asset this year when you put it in the growth bucket.

And if that's the case, we already have the momentum.