Liquidity within the financial system is about to ramp up this cycle. Onshoring of perps into the US. Tokenisation, the disintermediation of middlemen, reduced fees. Global access for financial instruments. AI agents become even more prominent. Exponential issuance of stablecoins to front-load US debt. Bitcoin will be the collateral store of value asset for the agentic, digital payment infrastructure.(James Van Straten)