Scott Bessent Could Change Everything w/ Andreas Steno

Raoul and Andreas Steno break down how Treasury policy, a weaker dollar, and improving liquidity could extend the business cycle and support risk assets like Bitcoin into 2027. They also explore why the AI and CapEx boom may still be in its early stages, with productivity gains and surging demand for compute reshaping the economy. Recorded  August 25, 2026.

TOKEN2049 Singapore, the world's largest crypto event, returns to Marina Bay Sands on 7–8 October. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events take over the city during TOKEN2049 Week. On stage: Raoul Pal (Real Vision), Jeff Yan (Hyperliquid) and Shayne Coplan (Polymarket). The Real Vision community gets 10% off tickets; claim yours. -- https://checkout.token2049.com/events/asia?promo=realvision10&utm_source=newsletter&utm_medium=email&utm_campaign=realvision&utm_id=realvision

🔥 *Download Raoul Pal's 4-year investing roadmap for free:* https://rvtv.io/41fVHWF

Timestamps: 00:00 - Why Bessent’s Treasury Strategy Could Change Everything 03:17 - Scott Bessent’s Plan to Reshape the Treasury Market 04:26 - How Hedge Funds Became the Biggest Buyers of U.S. Treasuries 07:36 - Why the Repo Market Is Too Big to Fail 10:46 - Treasury Buybacks, Bank Liquidity, and the U.S. Debt Problem 13:27 - The Yield Curve Strategy That Could Extend the Bull Market 16:08 - Why Bessent Wants a Weaker U.S. Dollar 17:43 - Bitcoin, Gold, and the Short Dollar Trade 20:27 - Why Liquidity Is Rotating Back Into Bitcoin and Risk Assets 23:16 - Strait of Hormuz, Oil, and the Inflation Outlook 27:39 - AI, Robotics, and the Productivity Boom 34:09 - Is AI Growth Missing From GDP Data? 37:22 - Why the Business Cycle Could Run Into 2027 38:54 - The AI CapEx Boom Is Far From Over 41:16 - OpenAI vs Anthropic: The Race for AI Compute 45:18 - Why Markets Could Rally Into 2027

#raoulpal #andreassteno #macro #bessent #bitcoin #crypto #liquidity #bullmarket #businesscycle #ai #capex #productivity #markets #investing #realvision #thejourneyman Learn more about your ad choices. Visit podcastchoices.com/adchoices