What's up everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,

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runs Pomp Investments. All views of him and the guests on his podcast are surely their opinions

and do not reflect the opinions

of pomp investments. You should not treat any opinion expressed by pomp or his guest as a specific

inducement to make a particular investment or follow a particular strategy, but only as an expression

of his personal opinion. This podcast is for informational purposes only. You know, it's not been great that the

ETF inflows have turned a little bit negative. You know, it's not great that the Treasury

companies have not been able to buy as much as people had anticipated, even though Sailor has

been doing heroic things coming up with new preferred structures, as has strived to permit the

opportunity to have more digital credit in the space.

But in the end, like we probably still do need more of that flow to come in to offset what otherwise is coming to be some persistent supply.

Do you have a view as to four-year cycle tops?

What's going on guys? Today we've got a great episode with Jeff Park. Jeff is a partner and chief investment officer at ProCPat BTC. And in this conversation, we talk about Bitcoin. Why is it going sideways? Should you be worried? On top of that, we get into the 50-year mortgage, the tariff dividend checks. What's going on with the government being the last lender of resort to the AI data centers? and then we even get into some things around Square's recent launch of Bitcoin payments, what's going on with stable coins. And of course, you got to finish it up and let you know, are we bullish or bearish? Here's my latest conversation with Jeff Bark. All right, Jeff, it seems like Bitcoin is trading in this, like, range. It's going from 100K to like 115 and back, just

back and forth, back and forth. Is 100K like this new base and there's consolidation? And we should

kind of think of this as a negative thing where we can't break out to the upside or actually,

is this a really positive thing? Because there seems to be this like persistent bid of institutions

and large capital pools who are just saying like we want to buy anything below 100k you know we're

buyers of bitcoin there the demand and the put if you will as you've described it is definitely there

so that's something we should take some relief in nonetheless it has been discouraging that we've had many peaks to troughs throughout on this year over a mainstream cycle than otherwise we should take some relief in. Nonetheless, it has been discouraging that we've had many peaks

to troughs drawdown this year over a mainstream cycle than otherwise we should expect. I think

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