Anthony Pompliano

It was working great.

Well, when they take that off, it leads to a bid in Bitcoin, the same thing that was killing it.

The other thing is software has bottomed.

It hasn't fallen yet.

It's not rallying, but it's not falling.

If software has found a level, which I kind of think it has,

where it's very difficult for it to go down a lot.

So now it just trades with the beta of the S&P.

Well, that's good for Bitcoin.

So I think that's the first thing that's happened.

The second thing, and this is the point that I really do think people need to put in the context, I think we're in a world of liquidity.

I think liquidity is becoming, real-time liquidity is becoming very, very important to people.

It's not just private credit that people are trapped in.

Remember, they're trapped in private equity, like the endowments, they need liquidity.

liquidity is going to be a bigger story because part of the thing that I talk about is I believe the fiat assets have peaked.

The reason I don't think stocks are going back to all-time highs is because I think in 10 years, best case scenario, they're the same price they are now.

That's in my mind what I believe because of AI.

If that's the case, there's a gradual debasement.

What people have to be comfortable with is we always talk about debasement from a debt perspective.

The debt of the US government at $40 trillion is small in comparison to the household net worth in the United States of 175 trillion.