You've had a dynamic where money has become freer than free.

If you talk about a Fed just gone nuts, all the central banks going nuts.

So it's all acting like safe haven.

I believe that in a world where central bankers are tripping over themselves to devalue their

currency, Bitcoin wins.

In the world of fiat currencies, Bitcoin is the victor.

I mean, that's part of the bold case for Bitcoin.

If you're not paying attention, you probably should be.

Michael Howell, welcome to the show.

Hi, Mone. Good to be here. Lots going on, I think.

Lots going on. Like I was mentioning before we hit record, I think the timing is perfect.

I've reached out to you after watching your interview with Jack Farley on the Monetary Matters podcast exactly a month ago.

And at the time, you two were discussing liquidity challenges

in the market that you were foreseeing that began in Q4 of last year. And obviously, a lot of

has happened since then, most particularly in the last eight days with the Liberation Day.

Rose Garden speech with tariffs, we've seen disruptions in the bond market with bond yield

screaming Tuesday night.

Many people wondering if that was people engaged in a basis trade getting offside.

And I think that's the big question right now, is, are we on the precipice of

a big liquidity crunch that is going to force the hands of these governments and central banks?

I think the short answer is in the very short term, no. But I think in the longer term,

there are clearly big issues that we've got to face.

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