Episode notes
Bitcoin just jumped from $83K to $86.5K as October kicked off, the month Bitcoiners call Uptober, historically the start of an eight-month run averaging 20% gains in October alone. iTrust Capital says older investors are rotating out of cash and back into Bitcoin. Underneath the hype is a bigger story: GDP got revised up while junk bond, credit card, and loan defaults all rise together, and France's credit default swaps just hit a 13 year high. The real driver is the new Treasury-Fed Accord Bessent and Warsh are building, echoing 1951, and why it sets Bitcoin's fixed 21 million supply up as the release valve for 2027.
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