The Wolf Of All Streets "America" Will Support Bitcoin, Fiat Is Hopeless | Macro Monday
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Jul 7, 2025 
Join market structure expert Dave Weisberger, Bloomberg's Mike McGlone, and macroeconomic strategist James Lavish as they dive into the complexities of Bitcoin and macro trends. They discuss the implications of recent tax cuts on the economy and the challenges posed by growing national debt. The trio emphasizes Bitcoin’s unique status compared to gold and explores how political policies affect financial markets. They also analyze liquidity's role in market volatility and predict future shifts in interest rates as the Federal Reserve's leadership changes.
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US Budget Bill: Pro-Growth Certainty
- The recent US budget bill is mostly extensions of existing tax cuts with modest pro-growth effects.
- The main benefit is legislative certainty, allowing businesses to plan spending confidently.
Structural Deficits Are Inevitable
- CBO deficit and debt forecasts are overly optimistic as they exclude recessions and use low interest rate assumptions.
- Structural fiscal deficits are inevitable unless major political reform occurs.
Reelection Drives Fiscal Policy
- Politicians' primary goal is getting reelected, shaping all fiscal decisions.
- Meaningful fiscal reform requires addressing political incentives like implementing term limits.