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Lawrence Lepard
Investment manager and author of The Big Print known for macro analysis on monetary policy, precious metals, and Bitcoin, offering views on money printing, yield curve control, and inflation.
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Jan 22, 2026
• 1h 15min
The Fed Pivot, Bitcoin vs Gold & The Return Of QE | Lawrence Lepard
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Lawrence Lepard, an investment manager and author of The Big Print, discusses the Federal Reserve's anticipated pivot back to money printing amid structurally embedded inflation. He argues that both gold and Bitcoin are crucial responses to monetary decay, predicting Bitcoin's dramatic rise as debasement accelerates. The conversation dives into yield curve control, the shifting dynamics of national reserves, and the intricate relationship between physical demand and the paper markets. Lepard warns of political pressures on the Fed and the implications for individual custody of assets.
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