{"id":31151,"date":"2025-06-10T16:01:33","date_gmt":"2025-06-10T16:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31151"},"modified":"2025-06-10T16:01:33","modified_gmt":"2025-06-10T16:01:33","slug":"100-trillion-crypto-boom-macro-experts-say-its-closer-than-you-think","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31151","title":{"rendered":"$100 Trillion Crypto Boom? Macro Experts Say It\u2019s Closer Than You Think"},"content":{"rendered":"
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Global Macro Investor\u2019s head of research Julien Bittel used a marathon X thread on 9 June to stitch together what he calls \u201cThe Everything Code\u201d\u2015a demographic-debt-liquidity feedback loop that he believes<\/a> will catapult the digital-asset complex from today\u2019s roughly $3.5 trillion capitalization to $100 trillion within a decade.<\/p>\n

Speaking against the backdrop of a crypto market that has already doubled since the start of 2024, Bittel lays the groundwork with a blunt diagnosis of the developed world\u2019s labour market. \u201cThe labor force participation rate isn\u2019t going to rise anytime soon \u2013 it\u2019s set to keep declining over time. This is a structural problem,\u201d he writes, adding that \u201chumans are already being replaced by AI and robots at a staggering pace, and that shift is only just beginning. This is deflationary.\u201d In his view, shrinking workforces meet unyielding entitlement promises in a cocktail that \u201creinforces the need for ongoing stimulus to keep the system afloat. Fewer workers. More tech. Same debts.\u201d<\/p>\n

Bittel\u2019s next step is the fiscal arithmetic. With public and private liabilities already hovering near 120% of global GDP, \u201cthe only answer is more debt\u2026 That\u2019s how the system survives,\u201d he warns. Should growth sputter, \u201cDebt-to-GDP is going to keep rising over time,\u201d a trend he expects policymakers to absorb through monetary debasement rather than austerity.<\/p>\n

Debasement, he reminds readers, is the hidden eight-percent annual loss of purchasing power that piles on top of headline inflation.<\/a> \u201cCash has quietly become one of the riskiest assets out there,\u201d Bittel argues, forcing savers to seek double-digit nominal returns simply to stand still.<\/p>\n

The $100 Trillion Crypto Supercycle<\/h2>\n

From there the thread pivots to liquidity, the variable Bittel and GMI founder Raoul Pal have elevated to first-principles status. When GMI combines central-bank balance-sheet expansion with commercial-bank credit creation across major economies, the resulting \u201cTotal Liquidity<\/a>\u201d gauge explains about 90% of Bitcoin\u2019s moves and 95% of the Nasdaq-100\u2019s, he writes. \u201cFewer workers. More tech. Same debts,\u201d means liquidity must keep rising to prevent a credit contraction, and that liquidity, in Bittel\u2019s models, \u201cis the tide that lifts scarce, risk-sensitive assets.\u201d<\/p>\n

Scarcity is the bridge to Bitcoin. \u201cBitcoin has been compounding purchasing power faster than any asset in human history\u2014annualizing nearly 150 percent in excess of the debasement rate since 2010,\u201d Bittel notes, while even the Nasdaq\u2019s stellar 13 percent real return \u201cis down 99.94 percent versus Bitcoin since the start of 2012. Shocking\u2026\u201d The superlatives serve a purpose: they frame Bitcoin as the only macro-scale antidote to the policy cocktail of demographic drag, rising leverage and forced liquidity.<\/p>\n

All of that funnels into his headline projection. \u201cWe\u2019re still in the early stages of a global race\u2014a scramble by institutions, sovereigns, and individuals\u2014to accumulate as much Bitcoin as possible,\u201d Bittel writes. That scramble, he believes, will propel the crypto universe \u201cfrom a $3 trillion asset class today to $100 trillion over the next seven to ten years.\u201d<\/p>\n

\"Bitcoin<\/p>\n

Doing the math, a jump from the current $3.55 trillion market capitalisation implies a 40% compound annual growth rate over a decade, or roughly 61% if the window compresses to seven years\u2014both aggressive, but neither without precedent in earlier crypto cycles.<\/p>\n

Bittel concedes the path will be \u201cboth incredibly challenging and unimaginably rewarding\u2014the worst of times and the best of times,\u201d but he insists Bitcoin is \u201cpart of the solution.\u201d He and Pal have called the coming chase for scarce assets \u201cthe single greatest wealth-creation opportunity of our lifetimes,\u201d and Bittel closes the thread by declaring that if GMI\u2019s call plays out, it will be \u201cremembered as the greatest macro trade of all time. This is The Everything Code.\u201d<\/p>\n

Pal, whose own presentation at Real Vision\u2019s Sui Basecamp in May framed crypto as \u201ca supermassive black hole that outperforms and sucks in every other asset,\u201d reaches similar conclusions. He places Bitcoin in what he calls the \u201cbanana zone<\/a>,\u201d a reflexive phase in which expanding liquidity and herd behaviour interact to drive parabolic gains, with a cycle target of roughly $450,000 per coin<\/a>. Pal\u2019s estimates implies a Bitcoin capitalization only well above $40 trillion even without altcoins\u2014complementing Bittel\u2019s upper-bound scenario.<\/p>\n

At press time, the total crypto market cap stood at $3.37 trillion.<\/p>\n

\"Crypto<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Macro Investor\u2019s head of research Julien Bittel used a marathon X thread on 9 June to stitch together what he calls \u201cThe Everything Code\u201d\u2015a demographic-debt-liquidity feedback loop that he believes will catapult the digital-asset complex from today\u2019s roughly $3.5 trillion capitalization to $100 trillion within a decade. Speaking against the backdrop of a crypto […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31151","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31151"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31151\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}