Jeff Park: AI Pain Trade Could Drive Bitcoin Adoption as Preferred Securities Gain Traction

Jeff Park argues that digital credit and preferred securities are becoming a main fixture for investors accessing income, suggesting that owning zero Bitcoin may be the bigger risk as Bitcoin rises with 10-year yields above 5%. He discusses Bitcoin's potential as collateral, the rise of Bitcoin income, and the implementation story of the GENIUS Act, while noting that Anthropic's IPO highlights liquidity as a premium in the current market.