Playable Characters Show with Brandon Gentile 25 Year Wall Street Vets: Here’s When Bitcoin Takes Off Again
Apr 8, 2026
David Foley, investor and co-manager at the Bitcoin Opportunity Fund, brings macro and credit expertise. James Lavish, founder and co-manager, focuses on Bitcoin treasury and debt strategies. They discuss market fragility amid geopolitical shocks, private credit and repo strains, Fed politics and potential printing, yield curve control motives, and Bitcoin as a scarcity play versus expanding dollars.
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Fragile Debt Dynamics Point Toward Big Prints
- The system is fragile and trending toward forced money printing when things break.
- David Foley argues rising rates will force the Fed to step in with large-scale easing between June and December, which Bitcoin and gold will price in.
Geopolitics Can Force Asset Correlations To One
- Geopolitical shocks (e.g., Middle East tensions) can push all asset correlations toward one and trigger liquidity stress.
- James Lavish notes oil/chokepoint risks can rapidly flip markets from inflation fears to demand destruction and induce volatility.
Use Scarce Assets To Avoid Getting Poor Slowly
- Don't hide cash long-term in T-bills during a printing regime because the real value will erode; use scarce assets to hedge.
- James and David recommend Bitcoin, gold, and silver as time-arbitrage hedges versus fiat dilution.