The David Lin Report Dollar Under Attack: ‘Scarcest Asset’ To Change Everything | Andrew Hohns
May 21, 2025
Andrew Hohns, CEO of Newmarket Capital and Battery Finance and co-author of the BitBonds White Paper, discusses revolutionary strategies for cryptocurrency adoption. He highlights New Hampshire's bold initiative to establish a Bitcoin state reserve, potentially reshaping its financial landscape. Hohns delves into BitBonds as a modern alternative to Treasuries, exploring their benefits against inflation. He also shares insights on Bitcoin's performance as a hedge and its evolving role in institutional finance, reflecting on its long-term value compared to traditional assets.
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BitBonds Proposal Explained
- BitBonds offer U.S. Treasury bonds with lower coupons by including Bitcoin, reducing government interest expenses significantly.
- Investors get principal security plus shared Bitcoin returns, allowing the government to build Bitcoin reserves cost-free.
Bitcoin's Scarcity and Value
- Bitcoin will appreciate against the dollar because it is the world’s scarcest asset, with only 21 million total supply.
- It surpasses gold in finiteness, liquidity, fungibility, and usefulness as a store of value.
Bitcoin's Long-Term Outperformance
- Short-term Bitcoin price correlates to stocks, but this breaks down over longer periods, where Bitcoin dramatically outperforms.
- Zooming out reveals Bitcoin’s strength as an asset beyond recent market movements.
