WE’RE AT THE START OF A BOOM
Venture investor David Sacks believes the U.S. economy is accelerating, not slowing. Recent data shows strong GDP growth above 4–5%, solid private-sector job gains, easing unemployment, and declining government payrolls — signaling healthier, productivity-driven expansion. Hiring strength is especially visible in AI-linked infrastructure like non-residential construction and data centers.
The real catalyst is capital expenditure. Major hyperscalers are expected to deploy around $600B this year, creating a powerful GDP tailwind even before AI-driven productivity gains are fully realized.
If this marks an early-cycle expansion rather than a late-cycle slowdown, the macro outlook shifts. Strong growth with manageable inflation supports liquidity and risk appetite. In innovation-led booms — similar to the late-1990s tech cycle — capital rotates aggressively into growth assets.
When liquidity, expansion, and technological innovation align, Bitcoin and other high-beta assets historically benefit.
If this thesis holds, we’re not at the end of a cycle — we’re at the beginning of a new one.
