{"id":232029,"date":"2026-09-24T19:21:38","date_gmt":"2026-09-24T19:21:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=232029"},"modified":"2026-09-24T19:21:38","modified_gmt":"2026-09-24T19:21:38","slug":"saifedean-ammous-the-bond-crisis-bitcoins-rise-as-a-true-macro-asset","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=232029","title":{"rendered":"Saifedean Ammous: The Bond Crisis &amp; Bitcoin\u2019s Rise as a True Macro Asset"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/videos\/saifedean-ammous-the-bond-crisis-bitcoins-rise-as-a-true-macro-asset\">Saifedean Ammous: The Bond Crisis &amp; Bitcoin\u2019s Rise as a True Macro Asset<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.youtube.com\/@BitcoinMagazine\" target=\"_blank\" rel=\"noopener\"><\/a><\/p>\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s volatility is falling, and Saifedean Ammous calls that the most bullish development in Bitcoin right now. Bear-market drawdowns have shrunk from roughly 87% to 77% to about 54% this cycle, which moves Bitcoin closer to an investable asset for money managers. Saifedean explains why the halving still drives the four-year Bitcoin cycle and why fewer people are buying with leverage at the top. He also discusses how markets may eventually arbitrage these cycles away.<\/p>\n<p class=\"wp-block-paragraph\">Chapters:<br \/>0:00 Tether, Bitcoin &amp; the Dollar Milkshake Theory<br \/>1:45 How the US Carries $40 Trillion in Debt as the World\u2019s Reserve Currency<br \/>4:21 Treasury Yields Hit Multi-Decade Highs &amp; the Bond Market Bear Case<br \/>7:00 War Spending, Iran &amp; the Collapse of Fiscal Hope<br \/>9:20 Stablecoins vs Banks &amp; the Hidden Treasury Rollover Risk<br \/>15:11 The Longest Hash Rate Bear Market in Bitcoin History<br \/>18:47 Why Miners Are Pivoting to AI Data Centers<br \/>21:31 The Halving, Bitcoin Cycles &amp; Shrinking Drawdowns<br \/>25:56 MicroStrategy, Strive &amp; Bitcoin Treasury Companies<br \/>29:07 The Humble Peasant Theory of High Finance<\/p>\n<p class=\"wp-block-paragraph\">DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.<\/p>\n<p>This post <a href=\"https:\/\/bitcoinmagazine.com\/videos\/saifedean-ammous-the-bond-crisis-bitcoins-rise-as-a-true-macro-asset\">Saifedean Ammous: The Bond Crisis &amp; Bitcoin\u2019s Rise as a True Macro Asset<\/a> first appeared on <a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a href=\"https:\/\/bitcoinmagazine.com\/authors\/patrickgreen\">Patrick Green<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Saifedean Ammous: The Bond Crisis &amp; Bitcoin\u2019s Rise as a True Macro Asset Bitcoin\u2019s volatility is falling, and Saifedean Ammous calls that the most bullish development in Bitcoin right now. Bear-market drawdowns have shrunk from roughly 87% to 77% to about 54% this cycle, which moves Bitcoin closer to an investable asset for [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":232030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-232029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232029"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=232029"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/232030"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=232029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=232029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=232029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}