All Roads Lead to Inflation (and Bitcoin)

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 25 October 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paul Tudor Jones recently said "all roads to lead to inflation." On today's show NLW explores how the macro shift is impact markets. Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, BitTrade, Cubolt, Matrixport, Everstake, OKX and aims to have over $200M TVL at mainnet launch on the 23rd of October. Follow exSat’s Twitter to stay up to date @exsatnetwork or visit the testnet exsat.network Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.
0:18.4	What's going on, guys? It is Wednesday, October 23rd, and today we are talking macro, and there is a lot going on.
0:26.3	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord.
0:34.8	You can find a link in the show notes or go to bit.ly slash breakdown
0:37.5	pod. Well, friends, you may have seen a quote from Paul Tudor Jones flying around the internet,
0:43.9	or at least Bitcoin Twitter. Speaking to CNBC's Squawk Box on Tuesday, he said,
0:48.9	all roads lead to inflation. I'm long gold, long Bitcoin, long commodities, long Nasdaq, zero
0:53.6	fixed income. The playbook to get out of this is that you inflate your way out. gold, long Bitcoin, long commodities, long NASDAQ, zero fixed income.
0:54.7	The playbook to get out of this is that you inflate your way out.
0:57.6	Now, many Bitcoiners remember the last time Paul Tudor Jones got bulled up on Bitcoin, and that
1:02.2	was when it was around $9,000 back in 2020.
1:05.3	So what is going on?
1:06.4	What has Paul Tudor Jones talking about this?
1:08.5	What do you need to know about the macro environment right now?
1:15.0	Long story short, two weeks out from the election and the next Fed meeting, it seems like markets are rethinking macro conditions. Bond yields are spiking globally as investors rethink the Fed's rate
1:19.7	path. The U.S. 10-year Treasury is back above 4.2% for the first time since July.
1:24.4	The two-year, which is typically viewed as a proxy for the Fed's target rate, is back up to 4% after spending most of September at 3.5%. Markets seem to be pricing the chance
1:32.1	that the Fed's cutting cycle will be cut extremely short, perhaps even winding up by the end of the
1:36.1	year. Bloomberg suggested, quote, traders are pairing back bets on aggressive easing, given the
1:40.7	U.S. economy remains robust, and Fed officials this week sounded a cautious tone over the pace of future rate decreases. Rising oil prices, meanwhile, and the prospect
1:48.1	of ever-increasing fiscal deficits are only compounding the concerns. Robert Dishner, senior
	...

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