The Pomp Podcast Bitcoin, Gold & Energy: The Next Massive Wealth Shift | Larry McDonald
104 snips
Mar 30, 2026 
Larry McDonald, NYT bestselling author and founder of The Bear Traps Report, shares a hard-assets worldview. He outlines a shift from financial to physical assets and discusses bitcoin versus gold. He explores energy, materials, private credit risks, and where capital may flow next.
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Prefer Grid And Industrial Suppliers Over Pure Speculative Miners
- Allocate to companies supporting electrification and grid rebuilds rather than pure-play speculative miners.
- McDonald highlights silver, Alcoa, and firms tied to copper, power grids, and AI-enabled energy logistics as practical exposure.
Use Gold Bitcoin Brent Ratios To Time Allocations
- Use cross-asset ratios to time allocations between gold and Bitcoin and between gold and oil.
- McDonald monitors the gold/Bitcoin and gold/Brent ratios and shifts allocations when those relationships reach extreme deviations.
Bitcoin Volatility Will Fall As Market Matures
- Bitcoin volatility should decline as the market matures and broadens, but it remains more volatile than gold today.
- McDonald contrasts Bitcoin's repeated ~70% drawdowns with gold's ~22% drawdowns and recommends a blended metals/crypto allocation.
