Imagine a guy spends *hours* twirling a thread on X (did I say *X*? Yeah, I did) about the universe—you know, demographics, debts, and the secret sauce called “The Everything Code.” Basically, he’s saying we’re all hurtling toward a $100 trillion crypto chaos in just a decade. Blissful, right? Or terrifying? Or both? Who knows. But hey, let’s dive into this doom-fest of economic fun.
Our buddy Julien Bittel, head researcher for some mighty significant macro monster, paints a picture that’s about as charming as a toothache. According to him, the global labor force is shrinking faster than your bank account in an inflationary economy. “Humans are being replaced by AI,” he says, with a straight face, “and that’s only just beginning. This is deflationary.” Basically, humans—your poor, dusty friends—are being swapped out for robots, and the workers left are solo-ing it in a shrinking club while the bills keep piling. Cheers to progress! 🍻
But wait, it gets better. The fiscal arithmetic—yes, that’s a thing—screams “more debt, please!” without irony. Public and private liabilities are flirting with 120% of global GDP, which just means: debt is the new black. Our macro hero warns, “the only answer is more debt,” because apparently, that’s what keeps this sinking ship afloat. As growth sputters, debt-to-GDP ratio is skyrocketing, and the policymakers? They’re just sitting back, clutching their cheap booze, hoping inflation will do the job of eroding this mountain of IOUs. 💸
And DEBASEMENT! Not a heavy metal band, darling, but the sneaky 8% annual loss in cash’s purchasing power that nobody really talks about. It means cash—yes, that stale green stuff—is actually the riskiest asset on the planet. Savers? They’re forced to chase double-digit returns just to stay in the game. Sounds fun, right? Not at all.
The $100 Trillion Crypto Supercycle
Now, enter the hero of our story—liquidity. Oh, that lovely fluid that keeps the system from imploding. Thanks to central banks expanding their balance sheets and commercial banks creating credit like it’s a new hobby, liquidity is basically the wind beneath Bitcoin’s wings. According to Bittel (and Raoul Pal, because why not), this liquidity is about 90% of Bitcoin’s dance moves and almost all of Nasdaq’s. Basically, more liquidity means more risk assets flying high—like your hopes of making a fortune. Fewer workers, more tech, same debts—your classic recipe for a spicy financial stew.
Bitcoin, as always the star of the show, is crushing it—it’s been growing its purchasing power faster than you can say “HODL”—a whopping 150% annually since 2010. Meanwhile, the Nasdaq? A modest 13%. And don’t get me started on the shock value. Bitcoin’s value since 2012? Downright mind-blowing—like, 99.94% versus the Nasdaq. It’s not just an asset; it’s the mega-hero of economic escape routes from all this demographic and debt malaise.
And here’s the kicker: Bittel and pals think we’re only in the warm-up phase of a global scramble—institutions, governments, your neighbor—everyone’s racing to hoard Bitcoin like it’s the last slice of pizza. The end goal? From roughly $3 trillion today to a mind-boggling $100 trillion in just 7 to 10 years! Yeah, it’s aggressive—like trying to run a marathon after one espresso shot. But hey, nothing about this ride is ordinary.
Doing some quick algebra: to grow from $3.55 trillion to $100 trillion, you’d need a 40% annual growth rate over ten years—or a monstrous 61% if you want it done in seven. Piece of cake, right? Sure, if your idea of a cake involves economic chaos and a fistful of hope.
Bittel admits, “This path will be challenging and insanely rewarding,” which sounds like trying to juggle chainsaws while riding a roller coaster. But he insists Bitcoin is “part of the solution.” The chase for scarce assets is being called “the greatest wealth-creation ride of our lives.” And as the curtain falls, Bittel proclaims this will be remembered as “The Greatest Macro Trade Ever.” No pressure, folks.
Raoul Pal, ever the prophet, likens crypto to a “supermassive black hole”—sucking in every other asset with a cycle target of around $450,000 per Bitcoin. That’s a $40 trillion market cap, just to keep the math colorful. At the moment, crypto’s total valuation floats around $3.37 trillion—like a small island amid a financial tsunami.
So, buckle up—this isn’t just a financial story. It’s a rollercoaster through economic nightmares and dreams of riches. Whether you sip coffee or tremble in fear, one thing’s for sure: the crypto universe isn’t waiting for anyone, and it’s got a really big trampoline this time. 🎢💥
Read More
2025-06-10 19:17