The Milk Road Show

Why the Debasement Trade Could Spark the Biggest Bitcoin Bull Run in History w/ James Lavish

Oct 7, 2025
Guest
James Lavish
James Lavish, co-founder of the Bitcoin Opportunity Fund, dives into the potential for Bitcoin to soar as the debasement trade gains traction among institutions. He discusses why major firms like JPMorgan are betting on Bitcoin, the implications of liquidity returning to markets, and how this bull run feels different from past cycles. Lavish also highlights the importance of regulatory shifts and how Bitcoin could combat financial nihilism, offering hope for value preservation in uncertain times.
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INSIGHT

Institutions Embrace The Debasement Narrative

  • Major banks now call Bitcoin part of the "debasement trade" alongside gold as a hedge against currency debasement.
  • This signals mainstream recognition that dollar dilution drives demand for scarce assets.
INSIGHT

Why Treasuries Lose Their Safe-Asset Shine

  • Persistent fiscal deficits and seizure of dollar-denominated assets erode global confidence in U.S. Treasuries.
  • That loss of trust is redirecting central banks and investors into gold and Bitcoin as alternative stores of value.
ADVICE

Don’t Conflate ETFs With Full Institutional Adoption

  • Expect institutional adoption to be slow because of committees, policies, and reputational risk inside large allocators.
  • Do not assume ETF flows equal broad pension or endowment adoption overnight; institutions take time to approve allocations.
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