In this episode, Joe Consorti joins us to explore the impacts of trillion-dollar deficits on the fiscal landscape and what it means for bitcoin’s future. We start with a look at the current liquidity environment and how asset prices are responding, followed by a discussion on rate cuts and capital deployment strategies. Joe shares his outlook on bitcoin’s trajectory through 2025 and the central bank actions we should be keeping a close eye on. We then examine key models like the power law and stock-to-flow to understand how they relate to bitcoin’s growth. Joe also addresses whether excessive monetary and fiscal stimulus could harm bitcoin, and why crypto is in decline while bitcoin continues to thrive. Finally, we talk about the acceleration of exponential growth, before wrapping up with Joe’s thoughts on unpopular beliefs and the biggest risks facing bitcoin today. SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show with your friends and family→ Send us an email [email protected] TIMESTAMPS:00:00 Introduction01:30 Trillion-dollar deficits and the fiscal situation10:43 The liquidity spigot and asset prices17:21 Rate cuts and capital deployment25:35 Bitcoin's future and monitoring central bank actions30:35 Predicting bitcoin in 2025 and factors to watch37:12 The power law model vs. the stock-to-flow model40:05 Does too much monetary and fiscal stimulus harm bitcoin?46:50 The decline of crypto and the thriving of bitcoin51:00 Acceleration and exponential growth01:02:20 Unpopular beliefs and the biggest risks to bitcoin WHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Joe Consorti’s Twitter: https://x.com/JoeConsorti