A lot of people feeling negative about this episode.. I think they’re missing what Luke’s saying. He’s bullish.
Luke isn’t predicting total US collapse, China takeover, global war, systemic end times, hyperinflation.. he’s just describing vulnerabilities that pressure a response.
His point is that the US has entered fiscal dominance: debt and deficits now limit how far the Fed can tighten. So tightening is nearly done, something will eventually “crack”, then QE comes faster, and bitcoin benefits most from the easing phase.
If these macro moves are making you want to sell during a dip… step back for a minute. Take a breath. Think about what that means to “sell a dip”.
Talk to someone who’s been a hodler through a few cycles about the normality of btc volatility that runs in tandem with the constant up and to the right.
Or talk to a macro nerd.
Or there’s a handy tool built for this kind of thing on your computer.
- Go to the podcast transcript on their desktop webpage
- Copy the whole transcript into a text document
- feed the document into an LLM like ChatGPT or whatever
- tell the LLM to do some deep research on the current state of the market so it can get some context around the podcast transcript
- then ask it to summarise the transcript discussion for a new bitcoiner/someone not familiar with macro/lay person/whatever it is that best suits you..
- they’re pretty good at text to concept explanations, so you’ll be able to query it on whether it’s a good time to sell btc and all sorts of other stuff
- DO NOT GIVE IT YOUR PERSONAL INFORMATION
- But ask it any question you want as an information seeking, neutral observer.
Change can be exciting or scary - so you can either approach this time as a wealth opportunity, or as a wealth cost. Whichever one you chose, will become true for you.
This is sovereign money - It is your choice.