Less Noise, More Signal
Pascal
Welcome to Less Noise, More Signal. In a world saturated with news, hype, and endless chatter, finding clarity can seem like searching for a needle in a haystack. I have taken on this challenge and made it my mission to cut through the noise by amplifying the signal.Who am I? I am Pascal Hügli. With a background in political philosophy, a career in investment management, and a deep expertise in Bitcoin and digital assets, I am here to explore the ideas and connections that others do not bother to see. It’s not just about finding the right answers; it’s about asking the right questions.In each episode, I interview the most insightful thinkers in their respective fields. Every guest contributes a vital piece to the puzzle, helping us form a clearer picture of the forces shaping our world of macro, finance, and money.Listen in as my guests and I tilt the balance from noise to signal, one podcast episode at a time. Let’s cut through the clutter and focus on what truly matters. Ready to elevate your understanding? Let’s dive in.
Episodes
Mentioned books
26 snips
Jul 24, 2025 • 1h 2min
Michael Howell on GENIUS Act: Stablecoin adoption could mean slower credit growth
Michael Howell, CEO of Cross Border Capital and liquidity trends expert, shares insights on the current liquidity cycle. He discusses how a weakening dollar is reshaping global markets and the unconventional dynamics of stablecoins. Howell delves into the Genius Act's potential to alter the banking landscape, stressing how stablecoin adoption might slow credit growth. With over 40 years in finance, he emphasizes the importance of asset valuation strategies in an inflationary environment. His analysis suggests a shift towards real assets for investors.
Jul 21, 2025 • 48min
James Check: Here’s what’s weird about this Bitcoin all-time high
In this conversation, Bitcoin on-chain analyst James Check, founder of CheckOnChain, shares his insights on the current Bitcoin market dynamics. He emphasizes the significance of market psychology and the patience required from investors. The discussion also covers the recent price surge, the implications of low trading volume, and strategies for navigating volatile markets. James explores the potential future of Bitcoin coexisting with fiat currencies and addresses blind spots that investors should consider.
19 snips
Jul 17, 2025 • 1h 47min
Portfolio Manager Ben Kizemchuk: Stop using 20th century investment models in a 21st century market
Ben Kizemchuk, a portfolio manager at Wellington Altus, shares his insights on the evolving landscape of investment strategies. He and Pascal Hugli discuss fiscal dominance as the new economic driver and the vital 'Four F's' framework for understanding market dynamics. Kizemchuk explores the growing importance of fixed supply assets like gold and Bitcoin, while emphasizing the need for investors to adapt to changes propelled by technology and fiscal policies. Unpacking the limitations of traditional models, he inspires a fresh approach to wealth management in today's economy.
Jul 10, 2025 • 53min
Macro expert: Banks are likely to buy more risk assets soon!
Dive into the complexities of the monetary system with discussions on the Federal Reserve's impact and the Treasury's crucial role. Unpack liquidity dynamics and its effects on market strategies, especially regarding cryptocurrency. Explore the implications of potential changes to the Supplementary Leverage Ratio and how this could lead banks to take on more risk. Also, discover how geopolitical events shape Bitcoin trends and the importance of technical analysis in this evolving financial landscape.
Jul 3, 2025 • 1h 7min
Will Clemente: The U.S. is now in full ponzi mode
Will Clemente, a top crypto analyst and co-founder of Reflexivity Research, shares compelling insights about the U.S. economy and its political landscape. He discusses how figures like Trump and Musk shape economic narratives and explores the burgeoning role of Bitcoin as a hedge against currency devaluation. The conversation delves into the future of altcoins, the emergence of crypto equities, and the responsibility of key opinion leaders in the crypto space to uphold transparency and ethical standards amid market volatility.
46 snips
Jun 26, 2025 • 1h 7min
Lyn Alden: At THIS Point, Bitcoin Will Threaten Government Deficit Spending
Lyn Alden, a top-tier investment strategist and bestselling author of "Broken Money," joins Pascal Hügli for a captivating discussion on the intersection of central banking and Bitcoin. They dissect how central banks have historically financed wars and the implications of their policies on economic cycles. Alden explores the potential for Bitcoin to challenge fiat currencies, the obstacles to its adoption, and the evolving role of government debt in this shifting landscape. Will Bitcoin disrupt traditional systems? Tune in for thought-provoking insights!
Jun 19, 2025 • 1h 9min
Macro brain Jordi Visser: Many established assumptions in macro are being challenged as we speak
In this engaging conversation, Jordi Visser, a trailblazing macro investor and writer for 22v Research, dives into pressing economic issues. He discusses the complexities of U.S. debt within a global context. AI's transformative role in enhancing productivity and profit margins is highlighted, along with concerns about labor market shifts. Visser argues for rethinking traditional economic indicators amid evolving digital landscapes. The chat culminates in an exploration of Bitcoin's revolutionary potential, especially as it relates to AI and stablecoins.
8 snips
Jun 12, 2025 • 37min
Eric Weiss on how he orange-pilled Michael Saylor
In this conversation, Eric Weiss, Founder and CIO of Bitcoin Investment Group, shares his journey of introducing Bitcoin to Michael Saylor, a pivotal figure in making Bitcoin mainstream. The discussion highlights the increasing interest of high-net-worth individuals in Bitcoin as a safe haven asset. Weiss addresses common concerns over Bitcoin ownership and critiques faced by prominent investors. He also introduces the innovative concept of Bitbonds and explores potential government roles in Bitcoin investments, reshaping the future of finance.
Jun 5, 2025 • 58min
Worldclass CIO from Blockstream: Bitcoin is the magic ingredient to any portfolio
Sean Bill, CIO at Blockstream and an expert in institutional investing, discusses Bitcoin's potential as a game-changer for public pension funds. He emphasizes Bitcoin's unique volatility and low correlation with traditional assets, positioning it as a valuable portfolio addition. Sean also tackles misconceptions about Bitcoin, comparing it to gold rather than a tech stock. The conversation highlights the trend of state-level Bitcoin reserves, self-sovereignty in holdings, and ways to democratize Bitcoin access for retail investors, especially in underserved regions.
May 29, 2025 • 58min
Bloomberg Senior Analyst Eric Balchunas: Bitcoin Spot ETF could have prevented the FTX collapse
In this conversation with Pascal Hügli, Eric Balchunas, a Senior ETF analyst at Bloomberg Intelligence, shares insights on Bitcoin ETFs and their potential to reshape the financial landscape. They discuss how these ETFs attract traditional investors, the rapid rise in their popularity, and the dynamics between retail and institutional holders. Balchunas also addresses regulatory challenges, performance metrics, and the implications of in-kind redemptions. The discussion highlights the broader impact of ETFs on market stability and investor trust.
