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🔥 Join the waitlist: https://rvtv.io/3IQ5Bs6 Andreas Steno Larsen and Mikkel Rosenvold of Steno Research are back to break down whether we’re entering a new AI bubble, what the Fed’s next move means for markets, and why retail investors are driving the rally while institutions hesitate 📣 This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the necessary access. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Music license ID: WJ6TRPVHFD About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin Disclaimer: https://media.realvision.com/wp/20231... 00:00 - Real Vision 3.0 Coming Soon! 01:20 – Welcome to Macro Mondays: Bitcoin, Jobs & Japan 02:24 – Real Vision Portfolio: +75% YTD Performance Review 03:48 – Economists Got It Wrong: Why the Models Failed in 2025 05:29 – U.S. Labor Market Shrinking? The Ice Contractor Story 07:20 – How Migration Policy Is Changing U.S. Job Creation 09:26 – Is the Fed Cutting to Avoid a Jobs Spiral? 10:59 – Where Are We in the Bitcoin Cycle? Banana Zone Logic 12:05 – Why Governments Own So Little Bitcoin 13:11 – Will Western Governments Ever Buy BTC Strategically? 14:14 – Bitcoin vs Lottery Tickets: Time to Temper Expectations? 15:36 – October 6th Doom Cycle? Why This Time May Be Different 16:35 – Japan’s New PM and the Rise of Fiscal Dominance 18:59 – Japan’s Private Credit Engine Is Back Online 22:23 – Why Copper Tariffs Haven’t Triggered Inflation (Yet) 27:25 – Q4 Macro Outlook: Growth Up, Inflation Down #macro #trump #dollar #bitcointrends #trumppolicies #macromondays #usd #dxy #nasdaq #dow #china #macrotrends #ratecuts #inflation #trumptariffs #trump #crypto #fed #powell #rates #economy #markets #bullish #bearish #etf #ethetf #btcetf #congress #uselections #stablecoins #usdt #usdc #inflation #steno #memes #stocks #equities #unemployment #raoulpal #realvision #fed #sec #ai #conflict #tradewar #creditcrisis #FOMC #macro