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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The thing that is really interesting then is,

hey, what if we then actually do find a way to find liquidity, a funding-based liquidity on the

trillion dollars of gold and buy Bitcoin? And a trillion dollars of Bitcoin is actually

hugely impactful for the Bitcoin market. And so if there's a way

to unlock the ability to build leverage on the paper gains of gold to take a call option on Bitcoin,

there's something incredible here that could happen. And the math is pretty simple.

What's going on, guys? Today we got a great episode with Jeff Park. Jeff is the chief investment officer of ProCpcc. And he's going to explain what's going on with Bitcoin and gold. Should we be worried about Bitcoin lagging gold's performance? Why is gold going up so much? How should we think about Bitcoin as living, breathing software and the differences maybe between the

durability of gold over time. And then we get into a brand new theme, which is the retardification

of society and why things like the lack of reading and the decline of how much people are actually

reading is linked to things like the Mag 7 going up or many other topics that you should be

talking about across the economy. Here's my latest conversation with Jeff Park. All right, Jeff. I thought a great place to start the conversation is gold's been ripping. It's like the perfect storm for gold. It's up about 15% since Jerome Powell's speech at Jackson Hole a couple of weeks ago. And there's a lot of people in the Bitcoin world who are like, hey, gold and Bitcoin both are the solution to the same problem. Why is gold going up and Bitcoin's not? Are you worried at all? Or how should we think about this? Gold's definitely been the story of the year. And I think at some level, there's a common parallel with Bitcoin, but there's also a distinct tone that's quite remarkable to gold itself. And I think to understand that we have to return to some geopolitical, some history,

and recognize that other than the day, these are driven by market participants and buyers and

sellers and ultimately flows that take dominance over what I might even argue as just facts

that we can observe technically speaking. So big news this week that the U.S. Treasury's Bitcoin Reserve, sorry, gold reserve has actually

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