WE’RE AT THE START OF A BOOM
David Sacks argues the U.S. economy is accelerating, not slowing. GDP printed above 4% in Q3 and above 5% in Q4. January added 172,000 private-sector jobs versus expectations around 70,000, while unemployment fell to 4.3%. At the same time, government payrolls declined and private hiring expanded, particularly in non-residential construction tied to AI data centers.
The bigger driver is capex. The four leading hyperscalers are projected to spend roughly $600 billion this year alone. That’s a meaningful GDP tailwind before even factoring in productivity gains from AI infrastructure and software deployment.
If this is early-cycle expansion rather than late-cycle exhaustion, that shifts the macro setup. Strong growth with contained inflation keeps liquidity conditions from tightening aggressively. Risk appetite expands in boom phases, especially when innovation drives capital investment.
If we’re entering an AI-led productivity cycle similar to the late 90s, capital won’t sit idle. It will rotate into growth assets. Bitcoin historically responds when liquidity, expansion, and innovation converge.
If Sacks is right, this isn’t the end of the cycle -- it’s the start of the next one. 🔥
#crypto #AI