Podcast Summary: The Wolf Of All Streets – "Bitcoin Hits $111K, Will The Massive Rally Continue?" featuring Mark Yusko
Release Date: May 22, 2025
In this insightful episode of "The Wolf Of All Streets," host Scott Melker engages in a profound discussion with renowned financial expert Mark Yusko and guest Yago. The conversation delves deep into Bitcoin's recent surge to an unprecedented $111,000, exploring its implications on the broader financial landscape, its unique position as a non-correlated asset, and the underlying economic factors driving its ascent.
1. Bitcoin's New All-Time High
The episode kicks off with Scott Melker highlighting Bitcoin's remarkable achievement of reaching a new all-time high of $111,000. He juxtaposes this milestone against a backdrop of declining stock markets, soaring yields, a volatile dollar, and falling oil prices.
Notable Quote:
- Scott Melker [00:00]: "Nothing exciting has happened in the market except for bitcoin making a brand new all time high."
2. Bitcoin as a Non-Correlated Asset
A significant portion of the discussion centers on Bitcoin's status as a non-correlated asset. Scott references historical data showing a low correlation coefficient between Bitcoin and traditional assets over a decade.
Notable Quotes:
- Scott Melker [01:07]: "Bitcoin over a 10 year period, the correlation is 0.16. Not correlated. Right?"
- Mark Yusko [01:16]: "Long term correlation is because stocks and bonds generate their return from economic activity, inflation, GDP growth, et cetera. That has nothing to do with Bitcoin."
Mark Yusko emphasizes that Bitcoin's price is driven by factors distinct from traditional financial instruments, such as technological advancements, widespread adoption among younger demographics, and the increasing devaluation of fiat currencies.
3. Comparison of Bitcoin to Gold
The conversation draws parallels between Bitcoin and gold, positioning Bitcoin as the modern successor to the traditional store of value.
Notable Quotes:
- Mark Yusko [06:10]: "Gold is the only money that has existed... a single ounce of gold is a single ounce of gold. Nothing has ever changed about that ounce of gold."
- Mark Yusko [06:10]: "Gold is not very divisible and it's not very portable... whereas with a few taps I can send you or Laszlo or anybody else sats."
Yusko argues that Bitcoin overcomes the limitations of gold in terms of divisibility and portability, making it a more practical asset in the digital age.
4. Inflation and Government Debt
The duo delves into the pressing issues of inflation and soaring government debt, discussing their ramifications on the economy and the increased attractiveness of Bitcoin as a hedge against fiat currency devaluation.
Notable Quotes:
- Mark Yusko [09:02]: "We're perpetrously close for the, for the West."
- Yago [10:43]: "The dollar is still the reserve currency... it's very hard for the US to get into a spiral where they need to buy some other currency with their dollars."
Yusko underscores the inevitability of currency devaluation as governments grapple with unprecedented debt levels, positing Bitcoin as a viable alternative to preserve wealth.
5. Government Policies and Impact on Bitcoin
The discussion shifts to current government policies, including tariff implementations and tax strategies, analyzing their short-term and long-term effects on the economy and Bitcoin's trajectory.
Notable Quotes:
- Mark Yusko [16:00]: "We're going to print money out of thin air and pay mercenaries to go beat up all the other strong armies around the world."
- Mark Yusko [18:44]: "The only way out... is to devalue your currency, to inflate away."
Yusko criticizes current fiscal policies, warning of potential economic instability and reinforcing Bitcoin's role as a safeguard against such uncertainties.
6. Market Analysis and Technical Indicators
In the latter half of the episode, Mark Yusko and guest Yago provide a technical analysis of Bitcoin's market behavior. They discuss chart patterns, such as the "blue sky breakout," and the significance of moving averages in predicting Bitcoin's future movements.
Notable Quotes:
- Dan [29:23]: "If Daily EMA 12 is support, when it changes and we lose it, we'll zoom out, we'll scout a weekly higher low because there's tons of space for it to form."
- Dan [32:40]: "The reason that this Run, in my opinion is going to be more bitcoin focused is because so much of it is the ETF."
The panel remains optimistic about Bitcoin's bullish momentum, attributing it to factors like ETF integrations and Bitcoin's dominance over altcoins in the current market scenario.
7. Conclusion and Key Takeaways
As the episode nears its end, the hosts summarize the overarching narrative that Bitcoin's ascent is not just a market phenomenon but a response to deeper economic challenges. They advocate for diversification into Bitcoin as a strategic move to hedge against fiat currency risks and governmental fiscal mismanagement.
Notable Quotes:
- Mark Yusko [28:44]: "The fiat mentality requires no energy to create something to pay for goods and services that actually require energy for somebody to produce. That's why money should require energy."
- Scott Melker [35:05]: "Let's go. Let's dope."
Final Thoughts
This episode of "The Wolf Of All Streets" provides a comprehensive exploration of Bitcoin's recent surge, positioning it within the broader context of global economic shifts and technological advancements. Mark Yusko's expertise offers listeners a nuanced understanding of why Bitcoin continues to break records and why its non-correlated nature makes it an essential component of modern investment portfolios.
For those keen on grasping the intricate dynamics between traditional financial systems and emerging digital assets, this episode serves as an invaluable resource.