Central Banks, Sovereign Debt, and the Debasement Trade

Writer–investor Mel Mattison joins The Last Trade to break down why sub-$100K BTC could be the launchpad for a +50% move — driven by a liquidity flip, fiscal stimulus, and central banks cornered by debt. Gold, Bitcoin, and the coming debasement trade — explained. Get Onramp’s weekly Research & Analysis → https://onrampbitcoin.com/research

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🎙️ About This Episode

Writer–investor Mel Mattison joins The Last Trade with a clear call: sub-$100K is the buy zone. We unpack why liquidity—not sentiment—drives the next leg, how fiscal surpluses and the shutdown drained markets, and why a policy flip could fuel a +25–50% BTC move in the months ahead. We also hit gold vs. bitcoin as twin “liquidity sponges,” the 1950s macro rhyme, AI’s looming labor shock, and why institutions are quietly rebalancing toward sound money.

The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.

🧠 Chapters

00:00 – Intro: Mel Mattison joins The Last Trade

04:46 – Quoz and the rise of financial thrillers

07:42 – Bitcoin under $100K: why Mel is bullish

10:31 – Liquidity drought → fiscal flip: surplus, shutdown, SRF

13:29 – Beyond the halving: ETFs, new buyers, and cycle shifts

16:27 – Gold + Bitcoin: twin anchors in a debt-soaked world

19:30 – China, BRICS, and the gold-backed reset

22:36 – The U.S., debt, and why the fiat era is ending

25:33 – Healthcare, entitlements, and market dependence

28:35 – Lessons from the 1950s: inflation, inequality, and growth

33:00 – The next generation’s financial reality

38:22 – Energy, AI, and the future of global power

51:48 – AI’s labor shock, Social Security, and fiscal strain

57:13 – Social unrest & long-term stability risks

01:03:09 – Bitcoin vs. Gold & the institutional era ahead

01:13:22 – Mel’s $150K Bitcoin call & closing thoughts

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