A Discussion With David Lin on Bitcoin, Stocks, and Macro

Introduction to the Podcast

The hosts discuss their collaboration series and introduce David Lynn from the David Lynn Report. David expresses his appreciation for being on the show and mentions that he's a big fan of the host's work.

Discussion on Recent Events

The conversation starts with the new administration and President Trump's executive orders. David mentions that Trump signed over 200 executive actions and presidential actions in his first week, including some related to energy policies, border control, and immigration.

Market Reaction and Inflation

The hosts discuss the market's reaction to these events, including the volatility and potential impact on inflation. David notes that the yield curve has uninverted, which could indicate a reduced risk of recession. However, he also mentions that some analysts believe a recession is still possible due to the contraction in the money supply.

Bitcoin and Cryptocurrency

The conversation shifts to Bitcoin and cryptocurrency, with David discussing the potential for a Bitcoin Strategic Reserve and the impact of government adoption on the market. He mentions that many analysts are bullish on Bitcoin, with some predicting a price range of $120,000 to $180,000 by the end of the year.

Economy and Yield Curve

The hosts discuss the economy, including the growth rate and potential impact on yields. David notes that the 10-year yield is tracking inflation expectations rather than economic growth. He also mentions that mortgage rates are determined by supply and demand in the housing market.

Correlations and Market Sentiment

The conversation touches on correlations between different asset classes, including the 10-year yield and Bitcoin. David suggests that these correlations may not be fundamental and could be driven by market sentiment and global liquidity conditions.

Conclusion

The hosts wrap up the discussion, and David thanks the host for having him on the show. The host invites viewers to subscribe to David's channel and look forward to having him on the show again in the future.