The Bull Market Nobody Is Positioned For
Bitcoin Well Podcast
- Published
- August 20, 2026
- Duration
- 20:54
- Summary source
- description
- Last updated
- Aug 20, 2026
Discusses ai, society, culture.
Summary
Everyone agrees Bitcoin's big returns are gone. That agreement is the trade. In this Reads, Zach walks through why the diminishing returns thesis quietly became the most crowded belief in Bitcoin, how gold and silver just ran a $15 trillion proof of concept that killed the law-of-large-numbers argument, what a $40 trillion national debt does to a central …
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Show notes
Everyone agrees Bitcoin's big returns are gone. That agreement is the trade. In this Reads, Zach walks through why the diminishing returns thesis quietly became the most crowded belief in Bitcoin, how gold and silver just ran a $15 trillion proof of concept that killed the law-of-large-numbers argument, what a $40 trillion national debt does to a central bank that no longer sets its own policy, and why Jeff Booth's deflation thesis is now running on an AI schedule. Four completed cycles is four
Themes
- ai
- society
- culture