Less Noise, More Signal
Welcome to Less Noise, More Signal. In a world saturated with news, hype, and endless chatter, finding clarity can seem like searching for a needle in a haystack. I have taken on this challenge and made it my mission to cut through the noise by amplifying the signal.
Who am I? I am Pascal Hügli. With a background in political philosophy, a career in investment management, and a deep expertise in Bitcoin and digital assets, I am here to explore the ideas and connections that others do not bother to see. It’s not just about finding the right answers; it’s about asking the right questions.
In each episode, I interview the most insightful thinkers in their respective fields. Every guest contributes a vital piece to the puzzle, helping us form a clearer picture of the forces shaping our world of macro, finance, and money.
Listen in as my guests and I tilt the balance from noise to signal, one podcast episode at a time. Let’s cut through the clutter and focus on what truly matters. Ready to elevate your understanding? Let’s dive in.
Episodes
65 episodes
Macro thinker Mel Mattison: The next big driver of this bubble is unlocking financing in US housing
In this conversation, Mel Madison and Pascal Hügli discuss the current economic landscape, focusing on the impact of AI and fiscal initiatives, the significance of tariffs, and the dislocation between financial markets and the real economy. The...
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Episode 64
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1:15:41
Head Strategist at Tether Gabor Gurbacs: We are rebuilding the entire capital market stack
In this conversation, Gabor Gurbache and Pascal Hugli discuss Tether's evolution towards a comprehensive capital market structure, emphasizing the importance of tokenization and Bitcoin's role in creating a more efficient financial system. They...
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Episode 63
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42:36
Climate tech investor Daniel Batten: Bitcoin is absolutely critical to the green energy transition
In this conversation, Daniel Batten and Pascal Hugli discuss the critical role of Bitcoin mining in the green energy transition, debunking myths surrounding its environmental impact. They draw parallels between Bitcoin and other disruptive tech...
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Episode 62
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1:19:45
Mexican billionaire Ricardo Salinas: Bitcoin is like your house - just see its value go up!
In this conversation, Ricardo Salinas and Pascal Hugli discuss the transformative potential of Bitcoin, likening it to digital gold and emphasizing the importance of education in achieving financial freedom. He shares insights on corporate stra...
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Episode 61
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33:15
Michael Howell on GENIUS Act: Stablecoin adoption could mean slower credit growth
In this conversation, Michael Howell and Pascal Hügli explore the late stages of the current liquidity cycle, noting how policymakers are working to extend it by injecting more liquidity. They examine how a weakening dollar supports global liqu...
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Episode 60
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1:01:44
James Check: Here’s what’s weird about this Bitcoin all-time high
In this conversation, James Check from Checkonchain and Pascal Hügli discuss the current market dynamics, Bitcoin price discovery, and investor sentiment surrounding Bitcoin. James emphasizes the importance of understanding market psychology, t...
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Episode 59
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48:28
Portfolio Manager Ben Kizemchuk: Stop using 20th century investment models in a 21st century market
In this conversation, Ben Kizemchuk and Pascal Hugli delve into the concept of fiscal dominance and its implications for the economy, exploring how government spending is becoming the primary driver of economic growth. They introduce the ...
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Episode 58
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1:46:41
Macro expert: Banks are likely to buy more risk assets soon!
In this conversation, Pascal Hugli and Gabriel delve into the complexities of the monetary system, focusing on the Federal Reserve, the Treasury's role, and the dynamics of liquidity in the market. They discuss the implications of the Treasury ...
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Episode 57
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52:39
Will Clemente: The U.S. is now in full ponzi mode
In this conversation, Will Clemente and Pascal Hügli delve into the complex interplay between politics and economics, particularly focusing on figures like Trump and Musk. They explore the current state of the U.S. economy, the implications of ...
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Episode 56
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1:06:34
Lyn Alden: At THIS Point, Bitcoin Will Threaten Government Deficit Spending
In this conversation, Lyn Alden and Pascal Hügli delve into the intricate relationship between central banking, war making, fiat currency, and Bitcoin. They explore how central banks have historically financed sovereign activities, the implicat...
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Episode 55
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1:06:59
Macro brain Jordi Visser: Many established assumptions in macro are being challenged as we speak
In this conversation, Jordi Visser and Pascal Hügli discuss the current debt situation, the impact of artificial intelligence on markets and productivity, and the evolving labor landscape. They emphasize that while the U.S. debt is a concern, i...
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Episode 54
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1:08:34
Eric Weiss on how he orange-pilled Michael Saylor
In this conversation, Eric Weiss and Pascal Hügli discuss how Eric orange-pilled Michael Saylor, the influence he has on the legitimacy of Bitcoin, and the growing adoption of Bitcoin among high-net-worth individuals. They talk about addressing...
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Episode 53
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36:39
Worldclass CIO from Blockstream: Bitcoin is the magic ingredient to any portfolio
In this conversation, Sean Bill, CIO at Blockstream, and Pascal Hügli discuss the potential of Bitcoin as a significant asset for institutional investors, particularly public pension funds. Sean highlights Bitcoin's unique volatility characteri...
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Episode 52
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57:41
Bloomberg Senior Analyst Eric Balchunas: Bitcoin Spot ETF could have prevented the FTX collapse
This conversation with Eric Balchunas and Pascal Hügli delves into the transformative role of Bitcoin ETFs in bridging the gap between traditional finance and the cryptocurrency world. The discussion highlights the convenience and trust associa...
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Episode 51
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57:47
Market Strategist: The dawn of junk equities is now
This conversation with Pascal Hugli and Byron Gilliam explores the evolving landscape of cryptocurrency, drawing parallels between the current crypto market and the historical junk bond industry. The discussion highlights the potential of crypt...
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Episode 50
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49:56
Luke Gromen: US capital controls are inevitable! Here’s what you need to know
In this conversation, Luke Gromen and Pascal Hügli discuss the complexities of the current economic landscape, focusing on capital controls, tariff strategies, and the implications of the U.S. dollar's reserve status. They emphasize the contrad...
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Episode 49
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51:45
Head of Alpha Jeff Park: Bitcoin is perfectly made for financial engineering
In this conversation, Pascal Hügli and Jeff Park discuss the unique financialization potential of Bitcoin, its volatility, and the role of corporations in its adoption. They explore how Bitcoin serves as a collateral asset and the implications ...
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Episode 48
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59:27
Fund Researcher: No matter what valuation approach you choose, ether remains overvalued
In this conversation, Kevin Mills and Pascal Hugli discuss the valuation of Ethereum, critiquing its perceived value as both a digital asset and a network. He argues that Ethereum's dual role as a gas token and a store of value is fundamentally...
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Episode 47
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1:04:17
Financial plumbing expert Mel Mattison: Why Trump‘s economic agenda mirros MMT
In this conversation, Pascal Hugli and Mel Mattison delve into the intricacies of Modern Monetary Theory (MMT) and its implications for the U.S. economy, particularly in the context of the Trump administration's policies. They explore the inter...
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Episode 46
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1:35:11
Global Strategist Michael Every: Our Liberal World Order is breaking down. Here’s what’s to come
In this conversation, Pascal Hugli and Michael Every discuss the collapse of the liberal world order and its implications for global finance and geopolitics. He emphasizes the importance of understanding the interconnectedness of various ...
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Episode 45
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53:47
Tether CEO Paolo Ardoino: Banks will blow up in the next years
In this conversation, Paolo Ardoino, the CEO of Tether and Pascal Hügli, discuss the ethos of Bitcoin and Tether's journey in the cryptocurrency space. Paolo emphasizes the importance of stablecoins in emerging markets, their role as better ban...
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Episode 44
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48:09
Prince Filip of Serbia: It is only a matter of time until Djokovic is orange-pilled
In this conversation, Pascal Hugli and Prince Filip of Serbia discuss the historical context and current sentiment towards monarchy in Serbia, the synergies between monarchy and Bitcoin, and the differences between nationalism and patriotism. P...
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Episode 43
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56:08
Investment activist Matt Cole: Bitcoin and AI will shape tomorrow’s S&P 500 winners
In this conversation, Matt Cole and Pascal Hügli discuss the significant disruption AI poses to corporate America and the necessity for companies to adapt by investing in innovative technologies like Bitcoin. The discussion also covers the conc...
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Episode 42
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1:02:29
Travis Kling: Crypto puts human nature and morality on display like nothing else
In this conversation, Pascal Hugli and Travis Kling discusses the concept of financial nihilism, which highlights the growing wealth inequality and the unattainability of the American dream for younger generations. He explores how this ni...
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Episode 41
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1:30:46
Benjamin Cowen: This is why Bitcoin needs to hit new highs by August
In this conversation, Pascal Hugli and Benjamin Cowen discusses the current state of Bitcoin and its market dynamics, focusing on the implications of the recent death cross, investor sentiment, and strategies for navigating the cry...
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Episode 40
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54:09