Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset

Saifedean Ammous argues that deteriorating sovereign finances and a growing bond-market crisis are undermining confidence in government debt as the core global macro asset. He presents Bitcoin’s fixed supply, monetary independence, and resistance to debasement as attributes that could attract capital amid fiscal instability. The implication is that Bitcoin may increasingly be viewed as a long-term hedge against sovereign credit and currency risk, though its adoption as a macro reserve asset remains contingent on broader institutional acceptance and market maturity.