Welcome to the $10T Bull Market

The author argues that the crypto market could reach a $10T market cap as the belief that US government bonds are risky spreads, pushing investors toward Bitcoin and crypto. The argument rests on US debt near 100% of GDP, with interest costs exceeding military spending of 3.5% of GDP, and on Fitch's August 2023 downgrade of US long-term ratings from AAA to AA. The author also contends that an inverted yield curve and possible yield curve control would further erode confidence in bonds, and concludes that Bitcoin and crypto represent a fairer, more transparent alternative to the fiat system.