The Milk Road Show Gold Just Had Its WORST Crash in 43 Years! Is Bitcoin Next? w/ John Gillen
Mar 23, 2026
They unpack gold’s massive 43-year sell-off and the liquidity pressures behind it. Rising bond yields and what they reveal about market confidence get a clear breakdown. Geopolitical moves, Iran talks, and oil-driven inflation risks are explored. The conversation also covers crypto’s surprising resilience and what macro signals to watch next.
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Rising Yields Are A Market Vote Against Policy
- Rising bond yields signal fewer buyers and a market vote of no confidence in government fiscal policy.
- John Gillen explains higher yields mean governments pay more to borrow, attracting urgent political attention.
Why Bitcoin Can Win In Opposite Market Regimes
- Bitcoin is a "heads I win, tails I lose" asset that performs in both risk‑on rallies and in severe local fiat crises.
- John Gillen points to on‑chain buying from Iran and indecision between 60k and 85k as reasons Bitcoin is holding around 70k.
Avoid Overtrading During Market Chaos
- Do not overtrade during high uncertainty; sit on your hands and hold assets that can look through short‑term noise.
- John Gillen recommends avoiding chasing pumps and preserving calm capital allocation now.