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The Bitcoin Layer
Global Macro Update: Bitcoin Thrives When US Manipulates Dollar
May 30, 2024
Discussion on US government's manipulation of the dollar affecting asset prices like bitcoin, treasury yields, gold dynamics, and global financial conditions. Exploring the correlation between crude oil exports and dollar strength, Treasury bill issuance on dollar value, and gold as a new currency for oil trading. Advocacy for Bitcoin as a superior asset in a manipulated dollar environment.
47:14
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Quick takeaways
- US government manipulates dollar to suppress value by increasing liquidity, weakening dollar pressure on US debt.
- Bitcoin's outperformance highlights its role as a store of value amidst economic uncertainties and currency manipulation.
Deep dives
US Treasury Yields and Inflation
US treasury yields show a steady increase over the past five years, reflecting the concept of time value of money compensating for inflation. With inflation persistently high, investors demand higher yields. The path of least resistance for treasury yields is upward due to persistent inflation, leading to a potential increase to 5%. The correlation between treasury yields and the dollar remains strong, influenced by factors like inflation and debt overseas.
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Discover
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