00:00Treasury Secretary Scott Besant and Fed Chair Kevin Walsh represent the most conflicted concentration of US economic policy power in
00:10modern history.
00:11What do I mean by this?
00:12So Besant, who had a career as a macro hedge fund manager, managed to build his fortune betting on sovereign
00:21currency weakness.
00:22And he now administers the strategic Bitcoin reserve and champions stablecoin demand for treasury bills and operates a 333 fiscal
00:33plan that structurally devalues the dollar.
00:36Walsh, on the other hand, sworn in as Fed Chair on May 22nd, is married to Jane Lauder and Esther
00:44Lauder, Harris and board member whose family controls 86% of EL voting shares while the company carries about $7
00:56.3 billion in debt.
00:57So lower rates directly will relieve that debt service, right?
01:04Walsh himself holds personal stakes in 12-plus crypto protocols, including Compound, DY, DX, and has earned $10.2 million
01:15in consulting fees from the likes of Stanley Druckenmiller's family office.
01:21And both of these men stated policy frameworks, actually, kind of a dovish AI productivity thesis, the stablecoin dollar dominance,
01:31the strategic Bitcoin reserve, all align with assets they or their loved ones or close associates apparently hold, right?
01:42So in today's video, what we're trying to do is just kind of map out the incentive structures, the historical
01:48records, and the market implications across Bitcoin, DeFi, equities, gold currencies, and bonds, really talking about these power brokers and
01:57their self-interest engine that drives the macro cycle that we are entering right now.
02:05So literally a macro power map with the treasury, the Fed, stablecoins, and Bitcoin at the center of it all,
02:14right?
02:14So markets, at the end of the day, don't just move on policy statements, right?
02:19They actually move on incentives.
02:22That is why crypto investors, at the end of the day, should pay close attention to the new macro power
02:27map forming around Scott Besson, Kevin Walsh, and the broader Druckenmiller-linked global macro network.
02:35I think a lot of people like to look at charts and kind of technical analysis and things like that.
02:42But I think these are some of the most overlooked kind of nuances because at the end of the day,
02:48behind the policies, behind all of these shifts are real human beings that have real interest as well.
02:56And no human being is immune to self-interest in some kind of way, right?
03:01You wouldn't detonate an arsenal that will decimate your own kind of portfolio, right?
03:11So the thesis is that, you know, policy is not secretly controlled by one group.
03:16The thesis is much simpler.
03:18Powerful people make decisions inside of networks, of capital, beliefs, relationships, and balance sheets at the end of the day.
03:25And those incentives definitely do matter.
03:29Besson, like I said, brings a macro trader's worldview to the treasury.
03:33His framework points towards stablecoins as digital dollar rails.
03:37The treasury bill kind of demand as a fan funding tool, you know, energy-led supply expansion, the Bitcoin strategic
03:47reserve as an asset.
03:49This is kind of their theory.
03:51And these are the things that we need to really be thinking about, the people that are making really important
03:56decisions about where kind of the global economy is going to go.
04:01So Walsh brings a Fed framework that increasingly ties itself to AI productivity, kind of narratives, disinflationary growth, and rate
04:12normalization.
04:13We'll see how that all pans out.
04:15But if AI allows growth without the same inflation pressure, I think the Fed has more room to cut.
04:22That matters for every liquidity-sensitive asset, especially Bitcoin, right?
04:26Bitcoin benefits from lower rates and reserve legitimacy.
04:31And also stablecoins benefit from regulatory clarity and treasury demand.
04:37DeFi benefits from traditional yields fall.
04:39When those yields fall and stablecoin collateral becomes more trusted in AI and growth stocks benefit from lower discount rates
04:47as well.
04:48All gold benefiting from the same debasement concerns that support Bitcoin, the dollar can remain dominant through stablecoin rails while
04:56weakening in purchasing power terms against kind of our scarce assets.
05:01And that is the paradox of this next macro cycle, so to speak, digital dollar dominance and the dollar debasement,
05:09which can happen all at the same time.
05:11And I think for crypto investors, this doesn't mean, you know, bullish blindness, right?
05:15So it means the risks are still there.
05:18The real inflation can definitely return.
05:20Bush can become hawkish.
05:22Stablecoin policy can fragment.
05:24Bitcoin reserve policy can stall.
05:27Congress can push back.
05:28Risk assets can reprice violently.
05:30But the incentive map is actually very clear if you look closely enough.
05:35Lower rates on the horizon.
05:37Stablecoin expansion.
05:38Bitcoin reserve logic.
05:40AI productivity.
05:41Optimism.
05:42Managed dollar softness.
05:43DeFi-friendly liquidity.
05:44That is the policy mix crypto has definitely been waiting for.
05:48And I think crypto is overly underpriced right now.
05:51Trade thesis.
05:53But also hedge the risks, right?
05:55So check out the full breakdown in the link in the description with the full guide.
06:00And you can actually do the calculations yourself.
06:03And kind of see where we are going.
06:06And maybe you'll be able to position yourself appropriately.
06:09Like, share, subscribe.
06:10Turn on the notifications.
06:11Use the links in the description to trade on the best exchanges and get the best discounts, rebates and promos.
06:17Check it out.
06:18Peace.
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