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#1528 Jordi Visser | Bitcoin Is Primed To PUMP As The Dollar Collapses

4/12/2025 · 41 min · transcript via mlx

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Key topics

— The global financial system officially "broke" this week as bonds, stocks, and the dollar all fell sharply (down ~5% each), a pattern previously seen only in emerging market crises.

— The U.S. is deliberately ending its role as the global reserve currency through nationalist trade policies; the new economic order will be decentralized across nations rather than centered on American dominance.

— China and the U.S. are effectively "divorced parents" forced to manage shared economic ties; both will eventually claim victory in negotiations despite no clear winner emerging.

— Hedge funds are forced to liquidate positions due to margin calls and illiquidity, while retail investors continue buying dips—a discipline advantage retail may hold over Wall Street.

— Bitcoin should not yet spike like gold during crises; it will benefit once central banks resume printing, likely 4–10 weeks after printing begins.

Market & price signals

— Bitcoin trading around $82,000 is not yet at levels reflecting monetary expansion; expect it to rise to $120,000+ once central banks print aggressively. U.S. 10-year yields near 5%, with 30-year yields (previous high 5.17%) approaching breakout territory upward. Stock market volatility accelerating intraday (swings of 10%+ daily). Dollar weakening against most currencies except Chinese yuan, which remains stable. Basis trade unraveling in Treasury markets; global gross leverage peaked at year-end and is now being forced out through margin calls. Stocks and bonds down ~5% for the month; mortgage rates rising alongside yields.

Actionable insights

— Prepare for significant fiscal and monetary stimulus in coming weeks as governments respond to the "crisis" needed to force policy change; Bitcoin and risk assets may surge 4–10 weeks after printing resumes.

— Diversify currency and asset exposure geographically; the dollar is losing reserve status, creating opportunity in decentralized assets (Bitcoin) and cross-border settlement mechanisms that don't rely on U.S. dollar hegemony.

— Retail investors buying dips have historically outperformed Wall Street during volatility because they avoid margin calls and investor redemptions; consider this psychological edge when evaluating where capitulation may occur.

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