The Pomp Podcast #1570 Marko Papic | The Case for $250K Bitcoin in a Falling Dollar World
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Jul 3, 2025 
Marko Papic, Chief Strategist at BCA Research, delves into the current market dynamics, revealing his bullish outlook amidst a depreciating dollar. He discusses the fascinating relationship between Bitcoin and traditional assets like gold, emphasizing Bitcoin's potential as a stable investment. Papic also highlights the significance of fiscal policies, tariffs, and geopolitical issues, urging investors to focus on market realities. With rising Bitcoin adoption and the emergence of stablecoins, he sheds light on their implications for the future financial landscape.
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Bullish Market Drivers
- Marko Papic is bullish on the market despite economic slowdowns due to rational fiscal policy and expected dovish Fed actions.
- A weaker dollar will stimulate parts of the US economy and benefit externally sourced tech earnings.
Tariff Relief Boosted Market
- Tariffs created market hysteria, but relief on tariff severity helped markets rebound.
- Policy-induced slowdowns allow trading based on policy expectations rather than hard economic data.
Fed Independence Questioned
- Marko Papic argues the Federal Reserve is not truly independent and is subject to political pressures.
- Currency depreciation often follows when central banks lose independence, benefiting equities with foreign earnings.