TIMESTAMPS: 00:00:00 - Introduction 00:00:28 - Hockey 00:05:22 - Global Liquidity 00:10:29 - Cross Border Flows 00:13:28 - Ads 00:14:45 - Which Markets Benefit from Global Liquidity 00:18:39 - Bitcoin as a Risk Asset 00:19:29 - Michael Saylor & MSTR 00:22:44 - The Liquidity Cycle 00:25:29 - The 2019 Repo Crisis 00:29:21 - The Fed Just Blinked 00:36:28 - Ads 00:37:35 - The Bond Market 00:42:11 - The Debt Ceiling 00:44:10 - DOGE 00:49:00 - Trump's Tariffs 00:52:44 - What Will the Fed Do? 00:57:33 - Is QE Coming? 01:00:54 - Bitcoin in 2025 01:07:47 - Bitcoin Opportunity Fund