Ray Dalio Just Said Bessent Failed To Control Treasuries — Says Buy Bitcoin

Bitcoin ripped 30% in four days, blew past $79,000, and wiped out $2.4 billion in short positions — and then Ray Dalio published a piece telling the world to buy gold and "a bit of Bitcoin." The hosts dig into why Dalio is finally moving past his old objection that governments would crush it, and what the collapsing 30-year treasury yield tells us about where the dollar is actually headed. In this episode: • Bitcoin surged roughly 30% in four days, liquidating $2.4 billion in shorts, with prediction markets moving odds of Bitcoin above $90K by year-end from 12% to 48%. • Ray Dalio's new article, "How Countries Go Broke," recommends underweighting bonds and allocating 10–15% to a gold-and-Bitcoin bucket, citing debt devaluation risk across the U.S., UK, EU, China, and Japan. • The 30-year Treasury yield hit 5.34%, the highest since 2007. The Treasury doubled long-term bond buybacks to at least $4 billion, briefly pulling yields from 5.28% to 5.18% — relief that evaporated within 48 hours. • Foreign holdings of U.S. Treasuries dropped $190 billion over four months to $9.3 trillion; Japan trimmed $26 billion and China cut to its lowest level since September 2008. • MicroStrategy's MNAV hit 1.0 during the rally, raising questions about how Saylor funds further Bitcoin purchases; a caller at a Strategy investor Q&A described losing roughly $53,000 on MSTR shares bought for his children and received little comfort in response. • Guest Aladdin, CEO of Based Trading Cards (formerly Bitcoin Trading Cards), discusses a forthcoming book on trading card history as a Trojan horse for macroeconomics education, and a comic series called 21 Dimensions. • Jim Cramer called selling all his Bitcoin on August 3rd; price is up roughly 26% since that call. Watch the video version: https://youtu.be/u9E6wbDeAGk