Are we headed for a period of chop before a bigger move in Bitcoin? Darius Dale, founder of 42 Macro, says a decline in funding liquidity could mean near-term volatility, but that if liquidity comes back in 2027, which he sees as more likely than not, Bitcoin could resolve higher over the following 12 to 18 months. He also explains why Bitcoin deserves a portfolio allocation as a different exposure from stocks and gold.

Chapters:0:00 Darius Dale on Who Benefits From Rising Treasury Yields1:06 Why Higher Rates Haven’t Hit the Economy Yet: The AI Capex Boom2:02 Default via Debasement and a Fed–Treasury Accord 2.04:30 Five Paths Out of the Debt Problem, and Only Three Are…

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