Anthony Pompliano

You bring it to China, you sell off what you want, and then you buy the goods that you need to buy, right?

And so we're starting to see gold as this sovereign layer that's lubricating trade.

But it's not like, hey, we're on a gold standard, no more dollar used anymore.

It's happening slowly, quietly beneath the surface.

Whether or not the IRGC is actually charging Bitcoin, they just wanted to troll the Western financial system.

Who knows?

Let's see an actual somebody post.

Yeah, I got one chip through and here is a Bitcoin transaction where I paid the Iranian government.

I want to see that before I believe that the IRGC is taking Bitcoin other than just saying, fuck you to the dollar system by putting this in their financial times.

Well, Bitcoin's down, what, 50% from the all-time high.

So it's nice that it outperformed from the 28th of February to the present.

But I don't think that's a lot of comfort for most Bitcoiners.

We're like, OK, cool, you're up 4% or whatever.

Oil is up, what, 80%?

So yeah, it'd be nice if Bitcoin kept pace with the price of hydrocarbons.

It did not.

However, in the good books, it outperformed all the other major asset classes relative to the price of oil.

I believe in this sort of AI deflationary thing and that Bitcoin is sort of a liquidity smoke alarm and telling us there's a problem.

There's not enough money being printed given the potential credit deflationary effects of AI or hyperscalers just hoovering up all available capital to build up data centers.

There's so many other war, all these sort of things that are taking in capital.