52 - The Crypto Milkshake Theory | Brent Johnson

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/​  ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI​  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ​ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/​  ----- 💪BECOME A BANKLESS PREMIUM MEMBER: http://bankless.cc/membership​  ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave​  🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini​  💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith​  📈 📱 DHARMA - MOBILE ONRAMP DIRECTLY INTO DEFI https://bankless.cc/dharma  ------ 52 - The Crypto Milkshake Theory Guest: Brent Johnson Brent Johnson, known for his “Dollar Milkshake Theory,” is a macro-focused wealth manager. We discuss crypto from his broad perspective, focusing on the Federal Reserve, the Dollar, and our take on his ideas – The Crypto Milkshake Theory. We observed the Federal Reserve coming into the limelight in the past year, with increased attention on Jerome Powell and other central bankers as they become more like players than referees. Brent lays out how our system (and all fiat currencies) are built for exponential growth. An exponentially growing market will be increasingly susceptible to larger and more frequent volatility. This calls for stronger central bank action, which accelerates these fundamental issues. Interestingly, Brent believes in the strength of the Dollar (at least in the short-term), expecting it to be the last fiat currency to get knocked out. The COVID-19 Crash in March 2020 was an example of this deflationary volatility, and Brent views the system’s current narrative as ripe for another market crash and dollar bull run. On the crypto side of things, Brent sees assets like BTC as a valid store of value, and the advantages of non-sovereign wealth stores merit serious consideration. His concerns about the space involve the difficulties of using crypto as money and the power of governments to curb blockchain use. However, blockchain technology is a “genie out of the bottle” and is here to stay. ------ Brent on Twitter https://twitter.com/SantiagoAuFund?s=2  Brent's Presentation on The Dollar Milkshake Theory https://youtu.be/2qTOWuL7Zco  ------ Don't stop at the video! Subscribe to the Bankless newsletter program http://bankless.substack.com/​  Visit the official Bankless website http://banklesshq.com/​  Follow Bankless on Twitter https://twitter.com/BanklessHQ​  Follow Ryan on Twitter https://twitter.com/ryansadams​  Follow David on Twitter https://twitter.com/TrustlessState ​ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.