Bigger Than Bitcoin: The Shift No One Sees Coming

We sat down with Noelle Acheson author of Crypto Is Macro Now and one of the sharpest macro voices in the space to unpack how crypto has moved from a niche market into a real macro + geopolitical force.

In this conversation we dig into:

Why the economy increasingly looks K-shaped (and what that means for markets)
The shift from “old” Bitcoin holders to “new” holders — and why it matters
How institutions are changing the market structure (and why adoption may still be early)
Stablecoins, Treasuries, and policy: why stablecoins could reshape the monetary vs fiscal balance
CBDCs, global rails, and geopolitics: resilience, fragmentation, and the weaponization of finance
Gold vs Bitcoin as reserves — and the custody question no one wants to talk about

time table:
0:00:00 Cold open the K-shaped economy and why crypto matters
00:01:34 Welcome and introducing Noelle Acheson
00:02:22 Crypto is Macro Now what changed since 2014
00:03:38 The 3 layers markets policy geopolitics
00:06:39 Markets why the classic 4-year cycle is fading
00:08:19 Bitcoin as a liquidity sentiment barometer
00:09:16 2025 the Bitcoin rotation old holders to new holders
00:11:05 Retail vs institutions what’s really happening
00:12:55 Bitcoin’s unique path retail first then institutions
00:15:30 Thin liquidity and Bitcoin is the new stablecoin moment
00:16:41 Institutional narrative vs Bitcoin’s original ethos
00:19:40 How early are institutions adoption reality check
00:22:13 New money thesis equities vs Bitcoin
00:23:49 Altcoins why Noelle is broadly optimistic
00:24:55 Regulation what the Clarity Act could unlock
00:30:38 Stablecoins and Treasuries the big macro shift
00:35:27 New global rails why it’ll be blockchain but fragmented
00:38:01 CBDCs the reaction and the digital euro debate
00:42:21 Geopolitics resilience and weaponization of finance
00:44:01 Gold vs Bitcoin as reserves custody mobility politics
00:47:17 Powell and DOJ subpoena Fed accountability and market impact
00:52:46 Back to the K-shaped economy who’s thriving vs struggling
00:55:00 Why Noelle fell in love with Bitcoin markets as an equalizer
00:57:20 What to watch in 2026 catalysts structure sentiment
00:59:42 Why crypto moves on momentum and what comes next

📰 Noelle’s newsletter (Crypto Is Macro Now): https://www.cryptoismacro.com/

Not financial advice. This episode is for education and discussion.
#Bitcoin #Crypto #Macro #Stablecoins #Geopolitics #Markets #AllInCrypto

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