Bitcoin&#x27;s brutal six-week ETF bleed is finally easing. Santiago Capital&#x27;s blockbuster 84-page report from Brent Johnson warning that the dollar can&#x27;t die of weakness — only of STRENGTH, when a sustained DXY spike forces enough sovereign and corporate defaults to compel an alternative system — and today&#x27;s setup is the cleanest macro inflection point we&#x27;ve seen all cycle. We break down whether the ETF pain peak signals the cycle bottom, what a 2-year yield breakout means for Bitcoin, and why Brent Johnson&#x27;s &quot;dollar dies of strength&quot; thesis is the most important macro framework you&#x27;re not hearing about.<br><br>Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Bitcoin Needs The Dollar To Die – Brent Johnson

The Wolf Of All Streets

Markets and geopolitics continue to be all over the place. So today we're going to focus heavily on the dollar. We have a very special guest, Brent Johnson from Santiago Capital, famous for the dollar milkshake theory. You know, I drink your milkshake. You guys have seen that movie, right? We're going to talk about what's likely to come for the dollar in context of everything in markets. We've got him, Mike, and Dave joining today. Let's go.

Good morning, everybody. Happy Monday. We've got Mike and Brent here. Dave will be joining soon from the sunny shores of Las Vegas where he's playing in the World Series of Poker. But Brent, thank you for joining. Very excited to have you again. I think it's been a really long time since we did our last podcast. Yeah, yeah. Thanks for having me. This should be a fun hour. Yeah, absolutely. All right, Mike, let's start where we always start. What's everybody talking about at Bloomberg today on the morning meeting?

It was the first time they asked me to go first. So I'll save my comments to last, which was kind of shock. I'll about crude oil. Obviously, you know my bias in crude oil. I think it's going to 50 by the end of the year. But I'll save that for later. Anna Wong first mentioned that she expects course PCE to move up to 3.35 percent, could run up to 4 percent. Year of year is likely to be 3.4 to 3.3 percent. What's driving it is mainly is airfares, health care costs and portfolio management.

Why Bitcoin Needs The Dollar To Die – Brent Johnson

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Why Bitcoin Needs The Dollar To Die – Brent Johnson

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.