MI Rewind: Bitcoin, Long-Term Debt Cycles, & On-Chain Analysis w/ Dylan LeClair
The Intrinsic Value Podcast - The Investor’s Podcast Network
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How to Avoid a Debt Super Cycle
We've never lived through a long term debt cycle before, we're all just in one right now. It doesn't really take a genius to understand that the cost of capital continues to fall because of the debt burden. The asset liability mismatch causes you to force liquidate more assets, which is kind of a reflexive doom loopAllan: Did the response to the 2008 financial crisis just delay the inevitable of this financial reset of the monetary system? Or how do you think about that? Allan: I applied Ray Dalio's traditional framework of find a monetary bear asset, find up something with no counterparty risk and a production cost,. And applied that to Bitcoin in a way that kind
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