Global bond markets but particularly US and Japan continue to be the major focus In the fiat world, the whole ponzi is held together by the magic fairy dust of confidence Belief in responsible government and the credibility of currency 2008 was the end game for the fiat system but the adjustment and deleveraging required was simply too painful, so governments and central banks artificially inflated the assets which were the collateral underpinning the system Today, the BoJ own circa 50% of their domestic bond market The ECB circa 30% The Fed circa 20% Those percentages over time will necessarily rise as they monetise the debt The default came and comes via the stealth debasement of currency which has been subtle enough to maintain the magic fairy dust of confidence Boomers who didn’t/don’t understand Bitcoin more worryingly didn’t understand the mechanics of debt driven fiat economies Their equity and property portfolios that made them rich they assumed was a result of their genius and skill They scoffed at the volatility of Bitcoin whilst still thinking government bonds were the “safe haven” benchmark investment because governments who are true sovereigns can never nominally default Yet they overlooked the fact the the currency value of bond holdings has been in persistent decline That awareness and perception is starting to shift and is a seminal moment for Bitcoin This isn’t a doomer post Bond yields will be capped via the financial repression tricks and magic performed by treasuries and central banks Yet as the tricks are understood, flows will rotate out of fiat currency bonds into harder assets, including stocks, gold and crypto Bitcoin as the hardest asset will outperform everything These big shifts in macro regimes and flows often come with a lot of volatility as they induce uncertainty and challenge conventional investment wisdom Yet I think we’re witnessing a paradigm shift in the macro dynamic which will be an “aha moment” for investors in relation to Bitcoin We started London Crypto Club to educate on the investment potential of Bitcoin as a result of this inevitable end game for the fiat system It’s unfolding perfectly