I missed this when it went up a couple of days ago.
Video Description
In this video, I elaborate on yesterday's video, demonstrating how the US-Saudi petrodollar deal was not a legal agreement with an expiration date, but rather a global consensus that has been unravelling over the past few years, as nation-states begin to trade in crude oil using rupees, rubles, yuan, and gold as payment.
The end result of this unravelling is that there will be fewer nation-state, central bank, and corporate holders of USD and US Treasuries, which puts pressure on the Fed to make up the difference. This has inflationary consequences, but is good news for Bitcoin's fiat price.
I also discuss how holding Bitcoin ETFs instead of real BTC puts you at a huge disadvantage when it comes to self-custody and censorship-resistant payments.