Part 6/15:
He highlights the $300 trillion bond market, which faces imminent negative real returns as inflation erodes the value of fixed income. Despite attractive nominal yields of 5-7%, inflation often surpasses these returns, leading investors to seek alternatives like Bitcoin. Jesse suggests that, over a 20-30 year horizon, a significant migration—possibly 30% or more—of bond market capital into Bitcoin could occur, potentially elevating Bitcoin’s valuation to $1.5 million per coin based on these shifts.