Here's something that'll mess with your head: $BTC is now less volatile than most of the Magnificent 7 tech stocks.
Let that sink in. The "too risky for real money" argument — the one every institutional allocator has leaned on for a decade — is quietly dying. And when that mental barrier breaks, things get interesting.
Eric Yakes (wrote "Bitcoin and the Monetary Revolution," invests at Epoch) came on to walk through what happens next. His angle? Simple:
"More people are gonna want exposure to the scarcest, most liquid thing you can hold on a thumb drive and move anywhere."
What I liked: he skips the lazy bull case. No power law charts, no hopium cycles. He judges $BTC on fundamentals and adoption. Every major move up had a real driver. BlackRock's ETF kicked off the last one. He thinks he knows what starts the next.
We talked about:
- Why lower volatility changes *who's allowed* to own Bitcoin
- How banks could start accepting $BTC as loan collateral (huge, underpriced)
- What actually drove price last cycle vs. what's coming
- The debasement trade linking Bitcoin and gold
- Why he ignores power laws entirely
- What he wants to see built in Bitcoin fintech
No fluff, just vibe and logic from someone who's been around long enough to know the difference.
Let that sink in. The "too risky for real money" argument — the one every institutional allocator has leaned on for a decade — is quietly dying. And when that mental barrier breaks, things get interesting.
Eric Yakes (wrote "Bitcoin and the Monetary Revolution," invests at Epoch) came on to walk through what happens next. His angle? Simple:
"More people are gonna want exposure to the scarcest, most liquid thing you can hold on a thumb drive and move anywhere."
What I liked: he skips the lazy bull case. No power law charts, no hopium cycles. He judges $BTC on fundamentals and adoption. Every major move up had a real driver. BlackRock's ETF kicked off the last one. He thinks he knows what starts the next.
We talked about:
- Why lower volatility changes *who's allowed* to own Bitcoin
- How banks could start accepting $BTC as loan collateral (huge, underpriced)
- What actually drove price last cycle vs. what's coming
- The debasement trade linking Bitcoin and gold
- Why he ignores power laws entirely
- What he wants to see built in Bitcoin fintech
No fluff, just vibe and logic from someone who's been around long enough to know the difference.