TIMESTAMPS: 00:00:00 – Introduction 00:01:21 – Why This Cycle Feels Different 00:05:35 – The Fed and Rate Cuts 00:11:13 – Liquidity Expansion and Bitcoin’s Lag 00:16:19 – Jackson Hole and Powell’s Messaging 00:25:32 – The Fed’s Dilemma With Inflation 00:33:55 – Stagflation’s Brutal Impact on Middle Class 00:40:03 – How Much Inflation Will They Allow? 00:53:30 – Does the Fed Still Matter? 01:01:42 – Outlook for Bitcoin in 2025