My friend @JanvanEck3 manages over $200 billion. In this conversation, he breaks down his 10-year macro framework, why India could rival Europe, and how AI is reshaping VanEck from the inside. We also discuss runaway government spending, why he says everyone should own gold and bitcoin, crypto ETFs, 24/7 trading, and AI agents managing money. YouTube: https://youtu.be/0dyNRJyco1s?si=hsm3yfJF6vYzVNBi Spotify: https://open.spotify.com/episode/5K4Bj7e5snluJjaiNqu7OA?si=9hVbvCCNTQm5fzD2MOgZVw Apple: https://podcasts.apple.com/us/podcast/bitcoin-is-the-hedge-against-a-u-s-default-nobody/id1434060078?i=1000800113133 TIMESTAMPS: 0:00 - Intro 0:20 - VanEck today & the 10-year macro framework 2:54 - Why India will be as big as Europe 4:59 - AI as a decade-long theme & projecting token demand 7:05 - How VanEck uses AI internally 10:42 - Government money printing & rising rates 14:17 - Gold, bitcoin & the risk of a U.S. default 16:50 - Can AI deflation bail out government spending? 17:41 - Crypto ETFs & which altcoins survive 18:48 - Tokenization & 24/7 trading 21:47 - AI agents trading & allocating money 25:50 - The ETF industry 5 years from now