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145. Ponzi hunting with Dylan Leclair

The Bitcoin Standard Podcast

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Is the 10-Year Treasury a Good Year?

The 10-year treasury hasn't had the year that it had in 2022 as of a month ago. And so we have Bitcoin, right? There's no cash flow. There's no earnings. But fundamentally Bitcoin. It was just the biggest wealth transfer ever from fiat creditors to Bitcoin savers. That's what's happening here. Despite all the policy blowups, despite Bitcoin 80% from the highs is completely unchanged and I have actually more conviction in this thesis than I have ever had before.

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