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
92 episodes
You’ve Been Lied To About the Bitcoin Standard
In this conversation, Pascal Huegli and Lawrence White discuss the evolution of monetary systems, comparing gold and Bitcoin as potential standards. They explore the historical context of money, the role of the state in its creation, and the im...
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Episode 94
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59:01
AI Agents Sound Smart. Are They Actually Useful?
In this conversation, Pascal Huegli and Iva Avi discuss Moldbot, an advanced AI agent with persistent memory and various capabilities. They explore its technology, security risks, and the future of AI agents, particularly their integration with...
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Episode 93
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1:03:45
Where will the marginal liquidity come from in 2026? (w/ Michael Howell & Capital Flows)
In this conversation, Pascal Huegli, Michael Howell and Capital Flows discuss the current state of market liquidity, the significance of cross-border capital flows, and the impact of central banks on economic conditions. They explore Japan's ec...
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Episode 92
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1:01:56
Why your money gets debased hard in 2026 (w/ Vincent Deluard)
In this conversation, Pascal Huegli and Vincent Deluard, a director of global macro strategy at StoneX, shares their insights on the current economic landscape, particularly focusing on inflation, asset allocation, and the implications of polit...
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Episode 91
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53:17
The Fed will have to raise rates soon (w/ Danny Dayan)
In this conversation, Pascal Huegli and Danny Dayan discuss the current economic landscape, focusing on inflation, the Federal Reserve's policies, and geopolitical dynamics. Danny draws parallels between today's economy and the 1960s, emphasizi...
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Episode 90
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1:16:11
Macro is very constructive moving into 2026 (w/ Ram Ahluwalia)
In this conversation, Pascal Huegli and Ram Ahluwalia discuss the current macroeconomic landscape, describing it as a Goldilocks economy with constructive conditions for risk assets. They delve into the dynamics of Bitcoin as an attention and m...
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Episode 89
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57:01
Major macro-tail risk for 2026?
In this conversation, Pascal Huegli and Michael Nadeau discuss the shifting economic landscape in the U.S., focusing on macro risks, trade imbalances, and the role of tariffs. Michael explores the implications of fiscal deficits and government ...
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Episode 88
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51:48
This company will own more Bitcoin than Strategy
In this conversation, Pascal Hugli and Mitchell Askew discuss the intricate relationship between Bitcoin mining and energy demand, the impact of weather on mining operations, and the evolving landscape of Bitcoin as it gains traction on Wall St...
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Episode 87
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1:01:37
Bitcoin's True Potential: Why It's Not Money Yet!
In this conversation, Pascal Hugli and Hubertus Hofkirchner discuss the current state of Bitcoin as a monetary system, emphasizing that while Bitcoin has potential as base money, it lacks the necessary credit layer to function effectively in th...
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Episode 86
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1:09:24
Brent Johnson on what everyone is missing about stablecoins
In this conversation, Pascal Hugli and Brent Johnson discuss the multifaceted role of money, particularly focusing on stablecoins and their implications for the US dollar and global economy. They explore the intersection of money, power, and so...
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Episode 85
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58:27
Here’s what proper execution looks like as a crypto trader
In this conversation, Pascal Hugli and Jordan Permabull, the founder of Levolytics, discuss the critical importance of execution over analysis in trading, particularly in the volatile crypto market. Jordan shares his journey into the crypto spa...
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Episode 84
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55:33
Charles Edwards: Bitcoin's Headwinds and the Quantum Threat
In this conversation, Pascal Huegli and Charles Edwards talk about the current Bitcoin market, how to navigate drawdowns and the role of Bitcoin Treasury Companies. Furthermore, they delve into the imminent threat posed by quantum computing to ...
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Episode 83
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1:02:21
Jordi Visser on how Artificial Intelligence is the new QE
In this conversation, Jordi Visser and Pascal Hügli discuss the transformative impact of artificial intelligence on the financial landscape, particularly in relation to Bitcoin. Jordi argues that AI represents a new form of quantitative easing,...
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Episode 82
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58:01
Murad Mahmudov on AI, Inequality, and the Future of Crypto
In this conversation, Pascal Huegli and Murad Mahmudov discuss the evolving landscape of cryptocurrency, focusing on the interconnectedness of global trends such as AI, inequality, and the potential for Universal Basic Income (UBI). They emphas...
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Episode 81
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54:10
The Truth About Bitcoin, Gold & Liquidity (w/ Michael Nadeau)
In this conversation Michael Nadeau and Pascal Hügli share insights into the unique characteristics of Bitcoin, the dynamics of the crypto market, and the importance of liquidity and macroeconomic factors. They discuss investment strategies, th...
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56:48
What everyone gets wrong about the current repo market
In this conversation, Pascal Huegli and Lighthouse Macro (Bob Sheehan) discuss the current state of funding and treasury markets, emphasizing the importance of liquidity and the systemic risks posed by regional banks. He highlights the impact o...
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Episode 80
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1:00:50
Infranomics: Why the U.S. Dollar Is Losing Its Power
In this conversation, Pascal Hugli and Robert, also known as Infra, share his journey from a nerdy childhood focused on medicine to becoming a macroeconomic enthusiast. He discusses the complexities of macroeconomics, the significance of bond a...
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1:17:53
Jamie Coutts: Global liquidity has been slower than expected - Is it changing now?
In this conversation, Pascal Huegli and Jamie Coutts discuss the current state of the cryptocurrency market, focusing on Bitcoin's price dynamics, demand factors, and the influence of liquidity and economic growth. They analyze the role o...
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Episode 63
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48:57
Ben Kizemchuk: Bank reserves are now scarce. Expect high volatility
In this conversation, Pascal Huegli and Ben Kizemchuk discuss the current state of equity markets, focusing on volatility, the implications of the VIX, and the behavior of 'garbage stocks.' They explore the financial plumbing of the U.S. system...
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Episode 62
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1:31:57
How to benefit from digital credit powered by Bitcoin!
In this conversation, Pascal Huegli and Johan Bergman discuss their journey into Bitcoin, the investment strategies of Michael Saylor, and the intricacies of convertible debt and preferred equity in relation to Bitcoin investments. They emphasi...
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Episode 61
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1:20:58
Trader legend Willy Woo: A 80% Bitcoin drawdown again is possible
In this conversation, Pascal Huegli and Willy Woo discuss his journey in the Bitcoin space, the dynamics of market cycles, and the importance of liquidity. He delves into the four-year cycle of Bitcoin, the role of treasury companies, and the b...
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1:07:11
How your house can help you get ONE Bitcoin
In this conversation, Pascal Hugli with Joe Consorti and Smeet Bhatt, co-founders of Horizon, discuss the innovative financial product Horizon, which allows homeowners to tap into their home equity to invest in Bitcoin. They explain the mechani...
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Episode 61
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52:54
Market analyst Caleb Franzen: A key risk going forwards is interest rate volatility
In this conversation, Pascal Huegli and Caleb Franzen discuss their background in wealth management and the founding of Cubic Analytics. They delve into macroeconomic trends, particularly focusing on inflation, monetary policy, and the dynamics...
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41:07
Macro economist Henrik Zeberg: The largest bubble ever is about to pop
In this conversation, Pascal Hugli and Henrik Zeberg discuss the current economic landscape, emphasizing the inevitability of economic cycles and the importance of leading indicators in predicting recessions. They critique the notion that 'this...
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Episode 68
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43:02
Trader legend Benjamin Cowen: All cycles ended after THIS happened
In this conversation, Pascal Hugli and Benjamin Cowen delve into the current state of the cryptocurrency market, focusing on Bitcoin's support levels, historical trends, and the implications of September seasonality. They discuss investment str...
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Episode 67
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50:26