BMTP

Global finance changed in October 2023 and few people noticed. And if you're an investor, you better know exactly what I'm talking about or you might make a huge mistake. Gold was completely flat between August 2020 and October 2023. But since then? It's up 95%. Bitcoin paints a similar picture. By October 2023, BTC was showing signs of life after the 2021 meltdown. But since the exact same date that gold took off, BTC has gained 313% in a controlled, methodical manner. You need to be asking yourself one question: WHY? As gold is breaking out towards new highs, lots of Bitcoiners are waiting for one last pump to sell before riding off into the sunset for the bear market. But before you make any decisions... You need to understand what happened in October 2023. That was when Janet Yellen and the United States Treasury tacitly admitted that they could no longer fund budget deficits with regular long-term debt issuance. And so, since October 2023, the US has been funding an increasing amount of its deficit spending with short-term treasuries because that's the only thing investors were willing to buy. Everyone wanted t-bills, but no one wanted to get stuck holding long term bonds. And why would you? As rates go up, the value of those bonds collapse. Silicon Valley Bank learned that lesson the hard way. But with T-Bills, you aren't exposed to the same risks because you aren't locking capital up long-term. So the reason Gold and Bitcoin have been up tremendously since October 2023 isn't just because of "cycles." They're up because the market realizes that the sovereign debt bubble is reaching it's natural conclusion. Shifting debt issuance to short term T-Bills was an admission that there's not enough demand for long term treasuries. If they continued to sell the standard amount of 10, 20, and 30 year bonds, government bond yields would increase to unsustainable levels. And the US would be functionally insolvent. Historically, that means a sudden currency devaluation. In which case, hard assets win the most. That's exactly where we're at today. So if you're wondering what the next catalyst for Bitcoin is going to be... It's not microcaps adopting BTC, or even the Trump family buying more BTC. It's the same catalyst that has added $9 Trillion to gold's market cap in less than 2 years. It's trillions in capital fleeing the sinking sovereign debt ship by hopping into the gold and orange life boats. We are no where close to the end of this trend. In fact, we are closer to the beginning than the end. However, when the crisis point comes, history tells us that currency devaluations happen suddenly. Nobody knows when it will come. But when it does, you'll do well if you have the majority of your wealth in assets that cannot be seized or debased.