Anthony and John Pompliano break down today’s markets — from DeFi and stablecoins reshaping finance to the U.S.–China trade deal and its impact on investors. We also discuss why sentiment is turning bullish, how to think about bitcoin and gold heading into year-end, and what White House Asset Management’s moves signal for the market.

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Timestamps:

• 0:00 - Intro
• 0:32 - What is the DeFi Mullet?
• 9:38 - Centralization vs decentralization
• 12:59 - Stablecoin competition (USDC vs USDT)
• 25:37 - Bitcoin vs gold setup for end of 2025
• 31:11 - US – China trade deal and impact on markets
• 38:43 - White House Asset Management