Anthony Pompliano

is doing something and the rest of the world may be doing something else.

Michael Howell is now starting to talk about liquidity being drained from the system.

But I think that it's very interesting.

You have these like deflationary forces.

Now, whether we actually get deflation or what the end result is, I think it is pretty clear to people, things like the deportations, artificial intelligence, robotics, tariffs, even to a degree.

How do you think about money printing and their relationship to a deflationary pressure, right?

Because there's one argument where it's, okay, if we go print a bunch of money, then that should be devaluing the currency.

That should lead to higher gold, Bitcoin, et cetera, prices.

If there's this deflationary component to it, though, maybe it's kind of hidden.

Like they're printing money, but it's being eaten up by the deflation.

Just talk a little bit about how you think through that.

For a decade, Bitcoiners had a blast mocking the gold holders, saying things like Bitcoin is gold, but works or, you know, Bitcoin is gold with wings.

I think I said once on television.

Um,

We've been eating crow for the last 12 months.

The gold bugs are now mocking the Bitcoiners saying, hey, why is that thing not working?

What is the relationship between these two assets?

And why do you think gold's been working so well and Bitcoin hasn't?

Why do you think that is?

Is it just like the retail folks who were interested in Bitcoin already owned Bitcoin?