When Jack Farley ran into macro investor Michael Nicoletos at the Blockworks Digital Asset Summit in London, he knew the two had to film an interview. Nicoletos shares his thoughts on crypto’s role within a macro portfolio, why the U.S. dollar is rising against other currencies, and why the 40-year bull market in bonds might not yet be over. Nicoletos argues that central bank digital currencies (CBDCs) will eventually replace stablecoins as an onramp to crypto, and argues that China economic woes are very serious.

Blockworks next crypto event in May 2021: https://blockworks.co/events/permissionless/

Jack Farley’s Twitter: @JackFarley96

Michael Nicoletos’ Twitter: @mnicoletos