Bitcoin posted its strongest three-day rally since 2023. Bill Miller IV, chairman and chief investment officer at Miller Value Partners, and macro investor Jordi Visser confirm that capital is rotating out of AI and into Bitcoin. Miller highlighted that this year’s US budget deficit of $1.8 trillion exceeds Bitcoin’s entire market capitalization, framing the cryptocurrency as a structural hedge against government debt. Robert Kiyosaki and Arthur Hayes interpreted the US Treasury’s long-dated bond buyback program as another round of quantitative easing in disguise, pushing capital into scarce assets like Bitcoin.
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