Parker Lewis on the 12% Day, Hank Paulson's "Break the Glass," and Why Spending Bitcoin Is a Saving Question | Day 30 of 50

About this episode

Parker Lewis joins Brady, Cory and Suze the morning after Bitcoin ran roughly 12% to $72,000. The move is the hook, but the conversation is about what produced it: the Treasury announced a $4 billion long-bond buyback and the 10-year yield ended up higher than before the intervention, which Parker reads as evidence the Treasury cannot influence the long end and only the Fed can. From there, Hank Paulson's "break the glass" warning, why he thinks the 2008-and-2020 printing playbook has at most two uses left, and what "regime change" means for a generation of investors conditioned to the Fed put. In the second half he takes on the two strongest objections to spending Bitcoin, Gresham's law…