The new global financial order: bitcoin, strategic reserves, and the emergence of a 21st-century treasury system
⸻
Executive Summary
A new global financial system is rapidly taking shape. At its core lies Bitcoin (BTC), repurposed as a strategic reserve asset by nation-states and institutions, supplanting the US dollar’s role as the world’s dominant monetary standard. Central to this shift is the development of a New Century Treasury (NCT) system and the alignment of strategic reserve assets—BTC, gold, and a new class of stablecoins backed by real collateral. This paper explores the emerging structure, supply mechanics, and the key geopolitical shifts underpinning this transformation.
⸻
I. The Foundations of the New Financial Architecture
1. Bitcoin as the New Strategic Reserve
• Bitcoin has transitioned from speculative asset to strategic reserve, functioning as the digital equivalent of gold in the new global economy.
• The United States, under the leadership of President Trump, has announced a 1 million BTC Strategic Reserve, positioning BTC as a national security asset and stabilizing force behind the dollar.
• MSTR (MicroStrategy) and BlackRock are instrumental in the covert and overt accumulation of BTC reserves, functioning as front-facing proxies for the US government and global sovereign entities.
2. The New Century Treasury (NCT)
• The NCT represents a new class of debt instrument, backed by BTC, gold, and other strategic reserves.
• It offers stability and legitimacy, allowing the US and its allies to transition from legacy US Treasuries to a scarcity-backed financial system.
• The NCT may be used to retire old debt at a discount, reminiscent of real estate debt restructuring practices common in Trump’s career. Treasury holders—especially China and Japan—are forced to take a haircut in exchange for early access to the new system.
• This debt restructuring reduces the effective US debt load, reinforces confidence in US financial leadership, and repositions the dollar as a key player—no longer hegemonic, but still dominant in scale.
3. Stablecoins as the New Interactive Global Currency
• USDT (Tether) has evolved into a petrodollar replacement, with its backing by US Treasuries and sovereign assets, now ranking it as the 7th largest holder of US Treasuries globally.
• Stablecoins (USDT, USDC, and the emerging government-backed coin) will serve as the global interactive currency, allowing for real-time cross-border trade settlements while maintaining pegged stability to the dollar, indirectly underpinned by BTC and gold reserves.
• This new currency mechanism displaces the SWIFT system, enhances liquidity, and democratizes global trade settlements.
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II. Bitcoin Supply Mechanics: Understanding the Bottleneck
1. Total Bitcoin Supply
• Total Mined BTC: 19.64 million
• Remaining to be mined: 1.36 million (as of March 2025)
2. Lost and Inaccessible BTC
• Estimated 3.7 million BTC are permanently lost through early mining era losses, key mismanagement, and exchange collapses.
3. Long-Term Holders and Cold Storage
• Approximately 13 million BTC are held by long-term holders, including institutions, sovereign entities, and strategic vaults.
4. Government and Corporate Strategic Reserves
Entity BTC Holdings (Est.)
MicroStrategy (MSTR) 450,000 BTC
BlackRock (IBIT ETF + Custody) 400,000 BTC
Tether (USDT Reserves) 150,000 BTC
US Government (Seizures + Strategic Reserve) 1,000,000 BTC (combined assets)
5. Mining and Future Issuance
• Post-2024 halving production: ~450 BTC/day, or ~164,250 BTC/year.
• Controlled primarily by US-aligned industrial miners after China’s mining exodus.
6.Real Liquid BTC Supply
BTC Category BTC Amount
Total Mined 19.64 million
Minus Lost BTC -3.7 million
Minus LTH/Cold Storage -13 million
Minus Gov/Corp Reserves -1 million
Available Liquid BTC 1.94 million
True Exchange Float (Sellable BTC)
Only ~1 million BTC are actively traded or available on exchanges, much of which is tightly controlled by OTC desks, ETFs, and sovereign buyers.
⸻
III. Price Dynamics and Future Valuation Based on Supply
Event BTC Price Range
1M BTC Locked (Strategic Reserve) $80K - $100K
NCT Rollout + Global Swap Agreements $150K - $250K
Retail + Sovereign FOMO $250K - $500K
Global Reserve Standard Adoption $500K - $1M
• The 80 EMA price suppression reflects a strategic window for accumulation.
• Once NCT issuance begins and BTC settles sovereign swaps, supply dries up, and price accelerates.
⸻
IV. Geopolitical Shifts and Strategic Players
1. MSTR & BlackRock: Federal Reserve Proxies
• MSTR acts as a shadow central bank, holding 450,000 BTC with potential pledges to government objectives.
• BlackRock bridges traditional finance (TradFi) with the emerging digital economy, offering SWF custodianship and providing stablecoin credibility.
2. Russia & China: Early Adopters, New Players
• Russia and China are utilizing BTC-oil swap agreements, circumventing SWIFT and creating alternative trade routes.
• The BRICS Lite nations (Saudi Arabia, UAE, Brazil, etc.) are strategically accumulating BTC, aligning with US-led stabilization efforts.
3. Europe & Japan: Caught in Transition
• As traditional treasury holders (Japan and EU) reduce their US debt exposure, they risk missing first-mover advantages in BTC-based settlements.
⸻
V. The Road Ahead: Timing and Critical Milestones
1. Legislative and Policy Milestones
• US Strategic Reserve Announcement: Already made (1 million BTC)
• Stablecoin Bill: Pending congressional approval but likely passed before summer 2025.
• NCT Debt Exchange Mechanism: Underway quietly via BlackRock and MSTR custodial structures.
2. Global Trade Announcements
• Russia, China, and Middle East BTC oil swaps becoming public knowledge
• Other sovereign entities declaring BTC reserves by late Q2 2025
3. Price Milestones
Timeline BTC Price (USD) Key Events
Pre-Summer 2025 $80K - $100K NCT and Strategic Reserve consolidation
Summer 2025 $150K - $200K Stablecoin Bill, public sovereign announcements
Q3/Q4 2025 $250K - $500K Global reserve standard becomes consensus
⸻
Conclusion: The Inevitable Transition
The dollar will remain strong, but its role as global hegemon is ending.
The BTC-backed system ensures multi-polar currency flows, led by sovereign wealth funds, NCT instruments, and stablecoin settlements.
Retail participants are last to the table, while nation-states and megabanks cement their positions in the BTC-based economy.
The new system rewards scarcity, hard money, and strategic foresight.
Those aligned with the BTC reserve standard will dominate the next century of finance.
Thanks for the long staircase. Watch that missing step, tho, its a doozy, like in Groundhog Day.
If those few, & their numerous minions, who saddled billions, to steal trillions, & who made WEF’s trademarked/pockmarked term “reset” (really a bad would-be scepter-wielding con/cept for normal, ordinary people {yes, even the Chinese - ground zero infection, like Wuhan} … not to mention how that destroys the principle of justice) necessary are not held to account, serious no coming back from it - ever - account, for their criminality (color of law or otherwise), then this “reset” is merely a domino falling over, or being flicked-pushed, into the next domino in a series that will continue on for as long as that accountability is denied.
(thie)V(e)s who play with dominoes have way too much time on their hands & waste in their characters.
And symbolic resettings of symbolic buildings-dominoes like the Old Bailey & WTC Towers only work for the bad guys’ ends.
Trumpolini & crew are bad guys.
(( “Opposite” numbers herelsewhere are the same, bad, people.
TDS & TET (trump entrainment toddlers … cue Locomotive Breath) are the same people.
Bread & circus briber/distractors & bread & circus seat-warmers waiting their turns down on the sand should get a room, a romper-room. I prefer adults, too.
“We who are about to murder/suicide, salute you!” ))
None of them, or any of the others, the GRrrrrresetters are ever going to be the Irish Setters in their plans for the little pupulation “in the window.”
And if they weren’t blackhats, frontrunning dialing for dollars - billions of dollars - their contrived/imposed distortions, among other reasons, they wouldn’t leave it to interlocutors of the sprinkled tea leaves to “explain” why & how so many ordinary people - but not themselves - will be taking it in the neck, for the “greater good reset,” & as well why those same people have already been serially taking it in the neck since well before gold window Nixon, since well before gold confiscating FDR.
Clearly Johnny Nash’s I Can See Clearly Now Equilibrium demands:
It’s reset the reprobates else more of the ever-worsening same.
Precisely: If the reprobates do not come out of this skinned, it will not “reset” anything, & the citizen-skinning (redundant) will continue … until the moral of the story about improved morale appears.
How may Rimes of these Ancient Mariner Golden Albatross & Goose murderersuicides must be dominoed before the cat in the hat is heard & the toxoplasmosis under the hat is cured?
How about never? Does never work for you?
Consolation, or main, prize? … Nobody Gets Out Of Never, alive, Baby:
Is it a vase, two faces, or … just continuous (hole-digging clear thru to oriental despotism china & copy/paste/patsy those slant-eyed Cain’ines quick as Abel) rhymes?
Little Big Head Man disabuses the self-abuser who goes on & commits single combat suicide at the hands of a mere soldier anyway - no cure for stupid, or scripted “lives”:
“Meriweather was one of the smartest men I ever knowed. But he tended to lose parts of himself. When I joined him, his left hand and his left ear were already gone. During my years with Meriweather, he lost an eye as a result of a fifth ace dropping out of his sleeve in a poker game. It didn't faze him, though. Deception was his life's blood, even if it caused him to get whittled down kind of gradual-like.”
And, of course, same little guy:
I want to say one word to you. Just one word.
Benjamin: Yes, sir.
Mr. McGuire: Are you listening?
Benjamin: Yes, I am.
Mr. McGuire: Plastics.
Benjamin: Exactly how do you mean?
Mr. McGuire: There's a great future in plastics. Think about it. Will you think about it?
And (when the “neurodivergent” bullshit started to get cranked … look how far “rainman,” The dodgy Accountant, of toothpicks & plastic-coated playing cards, has come) again:
Charlie: He's not crazy, he's not retarded but he's here.
Dr. Bruner: He's an autistic savant. People like him used to be called idiot savants. There's certain deficiencies, certain abilities that impairs him.
Charlie: So he's retarded.
Dr. Bruner: Autistic. There's certain routines, rituals that he follows.
Charlie: Rituals, I like that.
Dr. Bruner: The way he eats, sleeps, walks, talks, uses the bathroom. It's all he has to protect himself. Any break from this routine leaves him terrified.
Raymond: 82, 82, 82.
Charlie: 82 what?
Raymond: Toothpicks.
Charlie: There's a lot more than 82 toothpicks, Ray.
People alive to experience the Great “Indiscretion” died, for the longest of long terms, in the War To Unwind All That Devil Take The Hind.
But they also died on the green(back) green(back) grass of home. And that was well before the green grass was ripped off & out & replaced with astroturf.
People that didn’t die in obvious enough connection to that event for ordinary just busting hump to survive Americans to recognize carried contributory deep scars & unseen insults with them to eventual demises, too.
I’ve got, & had, the relatives to prove it, & so does most everybody else.
Infarct the plutocrats that stolenriched themselves by causing all of this & for sure fracture their latest get-out-of-jail-free-card plans to ride the convicted sacrificial-citizenry to some next level of Warden Shawshank portfolio glory.
Eat that .38, Warden, you bible-thumping POS.
The best laid plans of micemen should always eventuate in spring-traps.
The best laid plans of TBTF dicemen should always eventuate in craps. Dysentery-level craps.
I’m a holdout for that good news.
Deflate the inflators. Until they’re inside-out. PSA the pics - like was done with blackened emphysema lungs. Scare-straighten as many as can by making a rhyme-ironic mess out of as many as necessary.
Maybe, more rhyme-ironic inversion, run it like the lottery a la Shirley Jackson & make sure to explain to the winners that they could not have won had they not played.
And that we do indeed hate the players & not the game the players play.
Smoke ‘em if you got ‘em, boys - & you definitely have got them.
Never going to happen of course a trojan horse has no recourse of course. Lather-rinse-repeat are the only moves this dirty clothes horse laundry knows, does, will ever know, do.
PS’s:
Federal reserve note FDR: “You need to “own” gold.” Because what matters is that we of Carlin’s big club own you - which youse would not have any other way.
“Security umbrella” extortion-protection thuggery. Praise be unto The Godfathers.
Schwab did not “warn.” He threatened the adults, & gave sugar-spoons to the zombie addict hordes.
“Something must be done” by the same people that have been doing something all along … is a variation on that old saw about insanity. “Do something - even if it’s right,” a guy used to say. And the headless chickens “agree” to Runaround Sue (for relief, in mere movement).
Sinclair Lewis’s Babbitt, that whole rotten milieu, was “cultural conservative,“ too. Later, same author, It Can’t Happen Here. There’s no place, or time, that it isn’t continuously happening. The Great Repeat, of the grim reap, is no Reset.
BS ir/rationalizing: I quit “the phone” years ago. Those who don’t/won’t have manufactured their own woe-me consent; addicts.
Hey Matt, great convo with Mike and the reason I am now your subscriber. In that convo, Mike wanted to ask you re your view on BTC as it relates to this potential new world order, but he did not get to it. Curious about your thoughts on whether BTC can share space with gold as the potential reserve asset? Thank you sir.
I think BTC will go up in price. I don't see how it would be part of the reserve mix. The key to a reserve is that it is shared by countries that trade with one another. Our trading partners already have gold. And I think gold will once again be the basis of the global monetary system.
BTC could likely be part of the Sovereign wealth fund, but I can't imagine how it becomes the basis of reserves.
Hi Matt, beautiful interview and amazing points for all of us to consider.
Regarding the statement, though, that Trump has no philosophical core: Isn't the desire to end war and senseless killing in and of itself the basis of a philosophical core. It does, indeed, seem that Trump values peace as not just a talking piece, but as a deeply held value. I'll admit that 8 years ago, I never would've believed this about the guy. I voted for Gary Johnson for whatever it's worth. But this Donald Trump that I see today seems to be the real deal. I do believe he has a philosophical core. Your thoughts?
Recognizing that war is destructive isn't a philosophical core. I appreciate the point of view, but I don't think it's evidence of a philosophical core. If Trump has one, I suspect it's utilitarian.
I appreciate the response and perspective, of course. However, I wasn't suggesting that the recognition of war as a destructive force defines a philosophical core, but rather that the goal of peace could be considered as such. And sure, perhaps that could loosely be summed up as utilitarianism. Regardless, I appreciate the food for thought and the work that you continue to do. Cheers!
I found this to be valuable and a nice perspective to consider given how negative the MSM is on Trump and everything he does and says. I tend to agree that the opportunity is there for lots of positive change and cleaning out the parasitic and sabotaging patterns and people that have accumulated in the government and feeding off the government in unproductive ways. Things will get muy interesante no matter what, but could be much better than people assume. Having exposure to gold and silver in some ways sure seems like a wise move to me
Interesting macro economic perspectives on what the big players are trying to do in their world to right economic wrongs. Inevitably advice is given by good macro economic analysts to people living micro economic lives, which is the vast majority of people. The macro economic and micro economic are two separate and concurrent systems that do not have a natural partnership or affinity but do need to make use of each other. Micro economic players need need tools, procedures, and advice on how to navigate in their world in order to prosper while avoiding the predations of the macro economic world. I don't see much of this. A few quiet individuals might figure it out for themselves but the general population is flying in the back of the jumbo jet instead of flying their own Cessnas. No systemically curated help is out there for them, usually advice is given on how to navigate in the macro economic system. I think there are some real earning opportunities for enterprising people to create a useful tool for for folks who want to get out of the back of the jumbo jet and fly their own Cessna. Nakamura Satoshi was one such entity and Bitcoin (and gold) are small but critical parts of a needed wider micro economic eco system. Wheels and an engine do not a car make, you need to have a whole car blueprint and collect the missing components. Irony is there are huge numbers of Cessna flyers out there using paper money as their micro economic fuel. But that paradigm is going south. San Salvador is trying to bring in a replacement, but they don't quite get it. In the micro economic world good money has to provide pricing stability, privacy and readily recognized simple and intuitive local transaction fungibility. Such a money has to exist entirely outside of macro economic influence. Gold embedded in notes can do that. But it hasn't, nobody prices empanadas in gold. Gold isn't cost effectively and readily transportable across long distances. But Bitcoin is. Gold and Bitcoin are two separate independent potential currencies whose ratio to each other is determined by free market supply and demand forces. In trade (the real world kind, not day trading kind) local prices can be established in grams of gold, and paid with a readily identifiable and verifiable form of the metal. Furthermore payments can readily transferred across great distances in Bitcoin, settled at the going exchange rate between the two at time of payment. To me it's a better system that even local fiat cash (dying) and Central Banks (raping) that Cessna flyers now use. We got the Bitcoin already, golds all around like seawater but can't be used on a daily basis. Like seawater, it's there, but you can't drink it, and people are getting mighty thirsty. De La Rue can build a money note for 10 or 15 cents, why does a 2025 100 Milligram Aurum Trump Presidential Bill Gold Note (New) sell for $30? It's useful, its worth about $10 of current gold price and checks all the micro economic Cessna guys local money box, but it's $30 to acquire it. It should be $11 or maybe $12. At three times the acquisition price of the present value of the note that puppy won't hunt. How come there's not a private mint building gold notes in Uruguay for a realistic price? Mike?
But Matt, doesn't devaluing the dollar also cause other issues, right? Like rising inflation and a decrease in economic health? Which means interest rates would increase, and businesses would take fewer loans. What I'm trying to say is, will there ever be a perfect scenario?
Interesting Hail Mary conjecture. Replicating an FDR-inspired economic reset will not be swallowed, IMO. I believe Matt is misreading the pampered public's acceptance of a lengthy period of high inflation and job loss. Human nature will prevail and it won't be orderly. I expect it WILL be a dystopian future, AI controlled. It's the end of the empire.
I told my wife something like what Matt is saying, explaining to her the method in Trump's madness, she hates Trump, I don't care either way. She sez the hoi polloi won't understand and will eat Trump alive before the plan matures when the hardship hits them. I dunno either way but my wife is your above average hoi polloi and a mother. In my opinion it could work but it's going to take loads of sweet talking when the hoi polloi start to suffer more than they already are. Russia, China, India are pulling out of poverty bigtime, maybe America will too. Stranger things have happened in the world, unlike those countries Americans have been pampered, but bruised lately, so we'll see.
Human nature is predictable and most tend to resist non-consensual radical change. IMO, the changes you've outlined would cause periods (possibly generational) of suffering and perceived victimization for many. In whatever form the USA might survive this, the ensuing new narrative would prevail because resistance would die with an aging population. I say "dystopian" because, to me, the projected future sounds like one of total human control in all aspects of life. There would be apparently be no classical hero's journeys available at that time, no tough decisions to ponder, no mistakes to learn from. Your son is fortunate that you've encouraged him to find himself. I initiated my own hero's journey 50-some years ago, and now old already, I'm pleased with the choices I was able to make for myself. I left a "successful" life in my 20s and found better-fitting life experiences thereafter on my own. Good luck to your son and daughter.
I'd rather see them blow it up. Admit their mistakes, clean out the corruption, and go back to the gold standard. It's going to affect the average citizen in the same way anyway I suspect. They might just be trying to preserve the stock market somewhat, and their own interests. It's my understanding, that the "free market" can only function properly if left alone, without government policy interference. That isn't happening around the world. Adopting China's system will only help the NWO freakshow accomplish their agenda. Living under the banners of "convenience" and "for the greater good" is not my idea of a free society. I live in Chinada....
All true. I'm just explaining the plan... or at least the part of it I've been able to put together based on statements and papers from Trump people combined with current market moves.
Think of the Sovereign wealth fund as being the opposite of the Federal Reserve in a North South relationship. North being the Sovereign Wealth Fund (positive gain) and South the Federal Reserve (loss of gain). The Fed takes the interest and it makes others rich. The Sovereign takes the interest and builds its wealth even more. Banks can barrow from the Sovereign and lend to customers and we have a secure system that makes a nation stronger. You know, bigger, better and more beautiful. Smile.
Coffee & COVID on substack had an excellent write up today on how the Trump administration is smashing the bureaucracy by doing multiple end runs around the leftist judges currently trying to block DOGE. They may actually save the US. Worth the read.
Another validation(?) of "inflate or die" to handle the US problem. Gold helps but it isn't a usable form of money; it has to be converted to baseless dollar anyway. Any other ideas for the common citizen?
I listened to your entire interview. But, beyond maintaining purchasing power by holding gold because there will be inflation in future, I have no idea what you are talking about. lol
The new global financial order: bitcoin, strategic reserves, and the emergence of a 21st-century treasury system
⸻
Executive Summary
A new global financial system is rapidly taking shape. At its core lies Bitcoin (BTC), repurposed as a strategic reserve asset by nation-states and institutions, supplanting the US dollar’s role as the world’s dominant monetary standard. Central to this shift is the development of a New Century Treasury (NCT) system and the alignment of strategic reserve assets—BTC, gold, and a new class of stablecoins backed by real collateral. This paper explores the emerging structure, supply mechanics, and the key geopolitical shifts underpinning this transformation.
⸻
I. The Foundations of the New Financial Architecture
1. Bitcoin as the New Strategic Reserve
• Bitcoin has transitioned from speculative asset to strategic reserve, functioning as the digital equivalent of gold in the new global economy.
• The United States, under the leadership of President Trump, has announced a 1 million BTC Strategic Reserve, positioning BTC as a national security asset and stabilizing force behind the dollar.
• MSTR (MicroStrategy) and BlackRock are instrumental in the covert and overt accumulation of BTC reserves, functioning as front-facing proxies for the US government and global sovereign entities.
2. The New Century Treasury (NCT)
• The NCT represents a new class of debt instrument, backed by BTC, gold, and other strategic reserves.
• It offers stability and legitimacy, allowing the US and its allies to transition from legacy US Treasuries to a scarcity-backed financial system.
• The NCT may be used to retire old debt at a discount, reminiscent of real estate debt restructuring practices common in Trump’s career. Treasury holders—especially China and Japan—are forced to take a haircut in exchange for early access to the new system.
• This debt restructuring reduces the effective US debt load, reinforces confidence in US financial leadership, and repositions the dollar as a key player—no longer hegemonic, but still dominant in scale.
3. Stablecoins as the New Interactive Global Currency
• USDT (Tether) has evolved into a petrodollar replacement, with its backing by US Treasuries and sovereign assets, now ranking it as the 7th largest holder of US Treasuries globally.
• Stablecoins (USDT, USDC, and the emerging government-backed coin) will serve as the global interactive currency, allowing for real-time cross-border trade settlements while maintaining pegged stability to the dollar, indirectly underpinned by BTC and gold reserves.
• This new currency mechanism displaces the SWIFT system, enhances liquidity, and democratizes global trade settlements.
⸻
II. Bitcoin Supply Mechanics: Understanding the Bottleneck
1. Total Bitcoin Supply
• Total Mined BTC: 19.64 million
• Remaining to be mined: 1.36 million (as of March 2025)
2. Lost and Inaccessible BTC
• Estimated 3.7 million BTC are permanently lost through early mining era losses, key mismanagement, and exchange collapses.
3. Long-Term Holders and Cold Storage
• Approximately 13 million BTC are held by long-term holders, including institutions, sovereign entities, and strategic vaults.
4. Government and Corporate Strategic Reserves
Entity BTC Holdings (Est.)
MicroStrategy (MSTR) 450,000 BTC
BlackRock (IBIT ETF + Custody) 400,000 BTC
Tether (USDT Reserves) 150,000 BTC
US Government (Seizures + Strategic Reserve) 1,000,000 BTC (combined assets)
5. Mining and Future Issuance
• Post-2024 halving production: ~450 BTC/day, or ~164,250 BTC/year.
• Controlled primarily by US-aligned industrial miners after China’s mining exodus.
6.Real Liquid BTC Supply
BTC Category BTC Amount
Total Mined 19.64 million
Minus Lost BTC -3.7 million
Minus LTH/Cold Storage -13 million
Minus Gov/Corp Reserves -1 million
Available Liquid BTC 1.94 million
True Exchange Float (Sellable BTC)
Only ~1 million BTC are actively traded or available on exchanges, much of which is tightly controlled by OTC desks, ETFs, and sovereign buyers.
⸻
III. Price Dynamics and Future Valuation Based on Supply
Event BTC Price Range
1M BTC Locked (Strategic Reserve) $80K - $100K
NCT Rollout + Global Swap Agreements $150K - $250K
Retail + Sovereign FOMO $250K - $500K
Global Reserve Standard Adoption $500K - $1M
• The 80 EMA price suppression reflects a strategic window for accumulation.
• Once NCT issuance begins and BTC settles sovereign swaps, supply dries up, and price accelerates.
⸻
IV. Geopolitical Shifts and Strategic Players
1. MSTR & BlackRock: Federal Reserve Proxies
• MSTR acts as a shadow central bank, holding 450,000 BTC with potential pledges to government objectives.
• BlackRock bridges traditional finance (TradFi) with the emerging digital economy, offering SWF custodianship and providing stablecoin credibility.
2. Russia & China: Early Adopters, New Players
• Russia and China are utilizing BTC-oil swap agreements, circumventing SWIFT and creating alternative trade routes.
• The BRICS Lite nations (Saudi Arabia, UAE, Brazil, etc.) are strategically accumulating BTC, aligning with US-led stabilization efforts.
3. Europe & Japan: Caught in Transition
• As traditional treasury holders (Japan and EU) reduce their US debt exposure, they risk missing first-mover advantages in BTC-based settlements.
⸻
V. The Road Ahead: Timing and Critical Milestones
1. Legislative and Policy Milestones
• US Strategic Reserve Announcement: Already made (1 million BTC)
• Stablecoin Bill: Pending congressional approval but likely passed before summer 2025.
• NCT Debt Exchange Mechanism: Underway quietly via BlackRock and MSTR custodial structures.
2. Global Trade Announcements
• Russia, China, and Middle East BTC oil swaps becoming public knowledge
• Other sovereign entities declaring BTC reserves by late Q2 2025
3. Price Milestones
Timeline BTC Price (USD) Key Events
Pre-Summer 2025 $80K - $100K NCT and Strategic Reserve consolidation
Summer 2025 $150K - $200K Stablecoin Bill, public sovereign announcements
Q3/Q4 2025 $250K - $500K Global reserve standard becomes consensus
⸻
Conclusion: The Inevitable Transition
The dollar will remain strong, but its role as global hegemon is ending.
The BTC-backed system ensures multi-polar currency flows, led by sovereign wealth funds, NCT instruments, and stablecoin settlements.
Retail participants are last to the table, while nation-states and megabanks cement their positions in the BTC-based economy.
The new system rewards scarcity, hard money, and strategic foresight.
Those aligned with the BTC reserve standard will dominate the next century of finance.
⸻
Next Section Preview:
• Geopolitical Alignments
• Russia, China, BRICS Lite
• EU, Japan, and the Risk of Missing Out
⸻
Thanks for the long staircase. Watch that missing step, tho, its a doozy, like in Groundhog Day.
If those few, & their numerous minions, who saddled billions, to steal trillions, & who made WEF’s trademarked/pockmarked term “reset” (really a bad would-be scepter-wielding con/cept for normal, ordinary people {yes, even the Chinese - ground zero infection, like Wuhan} … not to mention how that destroys the principle of justice) necessary are not held to account, serious no coming back from it - ever - account, for their criminality (color of law or otherwise), then this “reset” is merely a domino falling over, or being flicked-pushed, into the next domino in a series that will continue on for as long as that accountability is denied.
(thie)V(e)s who play with dominoes have way too much time on their hands & waste in their characters.
And symbolic resettings of symbolic buildings-dominoes like the Old Bailey & WTC Towers only work for the bad guys’ ends.
Trumpolini & crew are bad guys.
(( “Opposite” numbers herelsewhere are the same, bad, people.
TDS & TET (trump entrainment toddlers … cue Locomotive Breath) are the same people.
Bread & circus briber/distractors & bread & circus seat-warmers waiting their turns down on the sand should get a room, a romper-room. I prefer adults, too.
“We who are about to murder/suicide, salute you!” ))
None of them, or any of the others, the GRrrrrresetters are ever going to be the Irish Setters in their plans for the little pupulation “in the window.”
And if they weren’t blackhats, frontrunning dialing for dollars - billions of dollars - their contrived/imposed distortions, among other reasons, they wouldn’t leave it to interlocutors of the sprinkled tea leaves to “explain” why & how so many ordinary people - but not themselves - will be taking it in the neck, for the “greater good reset,” & as well why those same people have already been serially taking it in the neck since well before gold window Nixon, since well before gold confiscating FDR.
Clearly Johnny Nash’s I Can See Clearly Now Equilibrium demands:
It’s reset the reprobates else more of the ever-worsening same.
https://www.youtube.com/watch?v=YWwAOutgWBQ
Precisely: If the reprobates do not come out of this skinned, it will not “reset” anything, & the citizen-skinning (redundant) will continue … until the moral of the story about improved morale appears.
How may Rimes of these Ancient Mariner Golden Albatross & Goose murderersuicides must be dominoed before the cat in the hat is heard & the toxoplasmosis under the hat is cured?
How about never? Does never work for you?
Consolation, or main, prize? … Nobody Gets Out Of Never, alive, Baby:
https://www.youtube.com/watch?v=x9YmFnx94xA
Is it a vase, two faces, or … just continuous (hole-digging clear thru to oriental despotism china & copy/paste/patsy those slant-eyed Cain’ines quick as Abel) rhymes?
https://www.youtube.com/watch?v=z0xiovbDML0
Little Big Head Man disabuses the self-abuser who goes on & commits single combat suicide at the hands of a mere soldier anyway - no cure for stupid, or scripted “lives”:
https://www.youtube.com/watch?v=IWIDp2Uyb-8
https://www.youtube.com/watch?v=P7YeRBXEUTY
“Meriweather was one of the smartest men I ever knowed. But he tended to lose parts of himself. When I joined him, his left hand and his left ear were already gone. During my years with Meriweather, he lost an eye as a result of a fifth ace dropping out of his sleeve in a poker game. It didn't faze him, though. Deception was his life's blood, even if it caused him to get whittled down kind of gradual-like.”
And, of course, same little guy:
I want to say one word to you. Just one word.
Benjamin: Yes, sir.
Mr. McGuire: Are you listening?
Benjamin: Yes, I am.
Mr. McGuire: Plastics.
Benjamin: Exactly how do you mean?
Mr. McGuire: There's a great future in plastics. Think about it. Will you think about it?
And (when the “neurodivergent” bullshit started to get cranked … look how far “rainman,” The dodgy Accountant, of toothpicks & plastic-coated playing cards, has come) again:
Charlie: He's not crazy, he's not retarded but he's here.
Dr. Bruner: He's an autistic savant. People like him used to be called idiot savants. There's certain deficiencies, certain abilities that impairs him.
Charlie: So he's retarded.
Dr. Bruner: Autistic. There's certain routines, rituals that he follows.
Charlie: Rituals, I like that.
Dr. Bruner: The way he eats, sleeps, walks, talks, uses the bathroom. It's all he has to protect himself. Any break from this routine leaves him terrified.
Raymond: 82, 82, 82.
Charlie: 82 what?
Raymond: Toothpicks.
Charlie: There's a lot more than 82 toothpicks, Ray.
Raymond: 246 total.
Charlie: How many?
Sally Dibbs: 250.
Charlie: Pretty close.
Sally Dibbs: There's four left in the box.
https://www.youtube.com/watch?v=DBfsgcswlYQ
https://www.youtube.com/watch?v=P4sqWjnIBQA
***
“Killed” has a “short term”?
People alive to experience the Great “Indiscretion” died, for the longest of long terms, in the War To Unwind All That Devil Take The Hind.
But they also died on the green(back) green(back) grass of home. And that was well before the green grass was ripped off & out & replaced with astroturf.
People that didn’t die in obvious enough connection to that event for ordinary just busting hump to survive Americans to recognize carried contributory deep scars & unseen insults with them to eventual demises, too.
I’ve got, & had, the relatives to prove it, & so does most everybody else.
Infarct the plutocrats that stolenriched themselves by causing all of this & for sure fracture their latest get-out-of-jail-free-card plans to ride the convicted sacrificial-citizenry to some next level of Warden Shawshank portfolio glory.
Eat that .38, Warden, you bible-thumping POS.
The best laid plans of micemen should always eventuate in spring-traps.
The best laid plans of TBTF dicemen should always eventuate in craps. Dysentery-level craps.
I’m a holdout for that good news.
Deflate the inflators. Until they’re inside-out. PSA the pics - like was done with blackened emphysema lungs. Scare-straighten as many as can by making a rhyme-ironic mess out of as many as necessary.
Maybe, more rhyme-ironic inversion, run it like the lottery a la Shirley Jackson & make sure to explain to the winners that they could not have won had they not played.
And that we do indeed hate the players & not the game the players play.
Smoke ‘em if you got ‘em, boys - & you definitely have got them.
Never going to happen of course a trojan horse has no recourse of course. Lather-rinse-repeat are the only moves this dirty clothes horse laundry knows, does, will ever know, do.
PS’s:
Federal reserve note FDR: “You need to “own” gold.” Because what matters is that we of Carlin’s big club own you - which youse would not have any other way.
“Security umbrella” extortion-protection thuggery. Praise be unto The Godfathers.
Schwab did not “warn.” He threatened the adults, & gave sugar-spoons to the zombie addict hordes.
“Something must be done” by the same people that have been doing something all along … is a variation on that old saw about insanity. “Do something - even if it’s right,” a guy used to say. And the headless chickens “agree” to Runaround Sue (for relief, in mere movement).
Sinclair Lewis’s Babbitt, that whole rotten milieu, was “cultural conservative,“ too. Later, same author, It Can’t Happen Here. There’s no place, or time, that it isn’t continuously happening. The Great Repeat, of the grim reap, is no Reset.
BS ir/rationalizing: I quit “the phone” years ago. Those who don’t/won’t have manufactured their own woe-me consent; addicts.
“En-listed”:
https://www.youtube.com/watch?v=cPwd8nkeCRE
“Weighed, measured, found wanting.” ~ everybody involved in the bread & circuses lists & checking them naughty/nice twice
“Institutionalized” “Get busy livin’ or get busy dyin’.” “Brooks was here,” literally hanging, right there.
Chinese fentanyl.
No particular corner on hopium.
Latter is the ladder to oblivions, & is everywhere western, at least, a flood. The most dangerous substance of habitual abuse.
“There’s a lady who is sure all that glitters is gold & she’s buying (or selling) a stairway to heaven.”
Hey Matt, great convo with Mike and the reason I am now your subscriber. In that convo, Mike wanted to ask you re your view on BTC as it relates to this potential new world order, but he did not get to it. Curious about your thoughts on whether BTC can share space with gold as the potential reserve asset? Thank you sir.
I think BTC will go up in price. I don't see how it would be part of the reserve mix. The key to a reserve is that it is shared by countries that trade with one another. Our trading partners already have gold. And I think gold will once again be the basis of the global monetary system.
BTC could likely be part of the Sovereign wealth fund, but I can't imagine how it becomes the basis of reserves.
Hi Matt, beautiful interview and amazing points for all of us to consider.
Regarding the statement, though, that Trump has no philosophical core: Isn't the desire to end war and senseless killing in and of itself the basis of a philosophical core. It does, indeed, seem that Trump values peace as not just a talking piece, but as a deeply held value. I'll admit that 8 years ago, I never would've believed this about the guy. I voted for Gary Johnson for whatever it's worth. But this Donald Trump that I see today seems to be the real deal. I do believe he has a philosophical core. Your thoughts?
Recognizing that war is destructive isn't a philosophical core. I appreciate the point of view, but I don't think it's evidence of a philosophical core. If Trump has one, I suspect it's utilitarian.
I appreciate the response and perspective, of course. However, I wasn't suggesting that the recognition of war as a destructive force defines a philosophical core, but rather that the goal of peace could be considered as such. And sure, perhaps that could loosely be summed up as utilitarianism. Regardless, I appreciate the food for thought and the work that you continue to do. Cheers!
I found this to be valuable and a nice perspective to consider given how negative the MSM is on Trump and everything he does and says. I tend to agree that the opportunity is there for lots of positive change and cleaning out the parasitic and sabotaging patterns and people that have accumulated in the government and feeding off the government in unproductive ways. Things will get muy interesante no matter what, but could be much better than people assume. Having exposure to gold and silver in some ways sure seems like a wise move to me
Interesting macro economic perspectives on what the big players are trying to do in their world to right economic wrongs. Inevitably advice is given by good macro economic analysts to people living micro economic lives, which is the vast majority of people. The macro economic and micro economic are two separate and concurrent systems that do not have a natural partnership or affinity but do need to make use of each other. Micro economic players need need tools, procedures, and advice on how to navigate in their world in order to prosper while avoiding the predations of the macro economic world. I don't see much of this. A few quiet individuals might figure it out for themselves but the general population is flying in the back of the jumbo jet instead of flying their own Cessnas. No systemically curated help is out there for them, usually advice is given on how to navigate in the macro economic system. I think there are some real earning opportunities for enterprising people to create a useful tool for for folks who want to get out of the back of the jumbo jet and fly their own Cessna. Nakamura Satoshi was one such entity and Bitcoin (and gold) are small but critical parts of a needed wider micro economic eco system. Wheels and an engine do not a car make, you need to have a whole car blueprint and collect the missing components. Irony is there are huge numbers of Cessna flyers out there using paper money as their micro economic fuel. But that paradigm is going south. San Salvador is trying to bring in a replacement, but they don't quite get it. In the micro economic world good money has to provide pricing stability, privacy and readily recognized simple and intuitive local transaction fungibility. Such a money has to exist entirely outside of macro economic influence. Gold embedded in notes can do that. But it hasn't, nobody prices empanadas in gold. Gold isn't cost effectively and readily transportable across long distances. But Bitcoin is. Gold and Bitcoin are two separate independent potential currencies whose ratio to each other is determined by free market supply and demand forces. In trade (the real world kind, not day trading kind) local prices can be established in grams of gold, and paid with a readily identifiable and verifiable form of the metal. Furthermore payments can readily transferred across great distances in Bitcoin, settled at the going exchange rate between the two at time of payment. To me it's a better system that even local fiat cash (dying) and Central Banks (raping) that Cessna flyers now use. We got the Bitcoin already, golds all around like seawater but can't be used on a daily basis. Like seawater, it's there, but you can't drink it, and people are getting mighty thirsty. De La Rue can build a money note for 10 or 15 cents, why does a 2025 100 Milligram Aurum Trump Presidential Bill Gold Note (New) sell for $30? It's useful, its worth about $10 of current gold price and checks all the micro economic Cessna guys local money box, but it's $30 to acquire it. It should be $11 or maybe $12. At three times the acquisition price of the present value of the note that puppy won't hunt. How come there's not a private mint building gold notes in Uruguay for a realistic price? Mike?
I never said it was a perfect scenario.
But Matt, doesn't devaluing the dollar also cause other issues, right? Like rising inflation and a decrease in economic health? Which means interest rates would increase, and businesses would take fewer loans. What I'm trying to say is, will there ever be a perfect scenario?
Interesting Hail Mary conjecture. Replicating an FDR-inspired economic reset will not be swallowed, IMO. I believe Matt is misreading the pampered public's acceptance of a lengthy period of high inflation and job loss. Human nature will prevail and it won't be orderly. I expect it WILL be a dystopian future, AI controlled. It's the end of the empire.
I told my wife something like what Matt is saying, explaining to her the method in Trump's madness, she hates Trump, I don't care either way. She sez the hoi polloi won't understand and will eat Trump alive before the plan matures when the hardship hits them. I dunno either way but my wife is your above average hoi polloi and a mother. In my opinion it could work but it's going to take loads of sweet talking when the hoi polloi start to suffer more than they already are. Russia, China, India are pulling out of poverty bigtime, maybe America will too. Stranger things have happened in the world, unlike those countries Americans have been pampered, but bruised lately, so we'll see.
You say human nature will prevail and yet you say you expect the future to be dystopian and AI controlled. How do you reconcile that?
Human nature is predictable and most tend to resist non-consensual radical change. IMO, the changes you've outlined would cause periods (possibly generational) of suffering and perceived victimization for many. In whatever form the USA might survive this, the ensuing new narrative would prevail because resistance would die with an aging population. I say "dystopian" because, to me, the projected future sounds like one of total human control in all aspects of life. There would be apparently be no classical hero's journeys available at that time, no tough decisions to ponder, no mistakes to learn from. Your son is fortunate that you've encouraged him to find himself. I initiated my own hero's journey 50-some years ago, and now old already, I'm pleased with the choices I was able to make for myself. I left a "successful" life in my 20s and found better-fitting life experiences thereafter on my own. Good luck to your son and daughter.
Since 1933, Technocracy, technology here now
5,000 year monetary base, 1933, recall the gold
I'd rather see them blow it up. Admit their mistakes, clean out the corruption, and go back to the gold standard. It's going to affect the average citizen in the same way anyway I suspect. They might just be trying to preserve the stock market somewhat, and their own interests. It's my understanding, that the "free market" can only function properly if left alone, without government policy interference. That isn't happening around the world. Adopting China's system will only help the NWO freakshow accomplish their agenda. Living under the banners of "convenience" and "for the greater good" is not my idea of a free society. I live in Chinada....
All true. I'm just explaining the plan... or at least the part of it I've been able to put together based on statements and papers from Trump people combined with current market moves.
Yup I get it, and thanks a ton for the video btw, and your thoughts. Much appreciated! I'm reading Miran's paper now..
Think of the Sovereign wealth fund as being the opposite of the Federal Reserve in a North South relationship. North being the Sovereign Wealth Fund (positive gain) and South the Federal Reserve (loss of gain). The Fed takes the interest and it makes others rich. The Sovereign takes the interest and builds its wealth even more. Banks can barrow from the Sovereign and lend to customers and we have a secure system that makes a nation stronger. You know, bigger, better and more beautiful. Smile.
Coffee & COVID on substack had an excellent write up today on how the Trump administration is smashing the bureaucracy by doing multiple end runs around the leftist judges currently trying to block DOGE. They may actually save the US. Worth the read.
Another validation(?) of "inflate or die" to handle the US problem. Gold helps but it isn't a usable form of money; it has to be converted to baseless dollar anyway. Any other ideas for the common citizen?
plant a garden. Produce even 15% of the food you consume and you'll be better for it.
I listened to your entire interview. But, beyond maintaining purchasing power by holding gold because there will be inflation in future, I have no idea what you are talking about. lol