Clarity is Here & the Real Asset Supercycle Can Begin

— The Clarity Act crypto legislation is heading for a Senate vote as soon as next week; Republicans need seven Democratic votes to pass, but an ethics package (bans on officials launching tokens, blind trusts, DOJ enforcement) has become the sticking point due to concerns about Trump's Department of Justice oversight.

— 30-year US Treasury yields have traded above 5% for 27 consecutive sessions—the longest stretch since 2007—signaling fiscal stress amid roughly $40 trillion in federal debt and raising questions about the long-term creditworthiness of the US government.

— Real assets (gold, Bitcoin, real estate, farmland) are entering a multi-decade cycle of outperformance versus financial assets; the Incrementum "In Gold We Trust" report shows 1938, 1971, 1995, and 2020 each marked generational lows in the real-to-financial asset ratio, yet almost nobody is positioned for the repricing that follows.

— Bitcoin remains a tiny asset—roughly $1–1.3 trillion—compared to gold ($30 trillion) and US equities ($75 trillion), which alone comprise 65% of global stock market cap despite the US being only 4% of the world's population.

— The US–China AI race is intensifying; Chinese firms are distilling frontier models, and Western token consumption is shifting toward Chinese providers (from ~one-third to two-thirds of token use in months), raising questions about US competitive advantage.

— Wrench attacks (physical theft targeting Bitcoin holders) have escalated dramatically in 2025: 52 notable cases year-to-date with average attack size rising from $12–20M to over $100M—a 10X increase even as Bitcoin price has declined.

— Position for the real asset supercycle over years, not quarters. The Incrementum data shows these cycles unfold over decades; most investors will miss the repricing by focusing on short-term volatility. Dollar-cost averaging into Bitcoin and gold now, rather than trying to time entry, aligns with historical patterns where early positioning compounds significantly.

— Monitor the Clarity Act Senate vote closely as a regulatory catalyst. Passage would likely accelerate institutional adoption and product launches globally; failure could create 12 months of regulatory uncertainty that suppresses sentiment and price action. The ethics package, while politically charged, appears close to resolution and passage is more likely than not according to the hosts.

— Recognize the structural advantage of owning hard assets with absolute scarcity. US Treasury yields staying elevated, debt unsustainable, and equity valuations stretched relative to hard assets suggest a long-term risk/reward skew toward real assets. Companies that mismanage Bitcoin treasury (like Setsuma selling at lows) and consumer products shifting from ownership to leasing (Apple/Klarna) underscore how fiat debasement pressures both corporate and consumer balance sheets.