“Devaluations typically occur fairly abruptly during debt crises.” Elon and Bessent both confirmed what we laid out in the Bitcoin Intelligence Playbook: DOGE was a distraction. Deficit reduction was a farce. And there is paying back the debt. A new narrative is emerging. Now they’re saying the US will “grow its way out” of this debt spiral. Let’s be clear, growing your way out of debt in real terms is impossible. This is code for "we’re going to inflate it away." To grow out of this debt without spending cuts or tax increases, the U.S. would need real GDP growth of 20%+ per year for a decade to pay back the debt. The only other solution is a nominal growth instead of real growth, i.e., inflation. Hence, the "grow our way out" narrative is often shorthand for financial repression or stealth devaluation. Translation: The dollar is being sacrificed and Treasuries will be repaid in devalued money. The USG will soft-default on its debt. Every reserve currency devaluation in the last 400 years happened suddenly. Debt crisis hits, and boom—value evaporates. “Devaluations typically occur fairly abruptly during debt crises.” To protect yourself agains this devaluation you need a "counter-asset" to the US dollar: Bitcoin in self custody. If a crisis occurs, you will realize that you actually don't own the Bitcoin in ETFs or treasury companies. Own the cold hard bearer instrument.