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