Unchained · Friday, October 30, 2026
Alex Thorne argued that the ongoing rise in national debt—growing from $23 trillion in 2020 to $40 trillion—along with private credit expansion funding the AI buildout, reinforces the monetary debasement thesis that makes Bitcoin attractive to holders.
“in 2020 the national debt was 23 trillion, today it's 40, right? So if part of your thesis was the never-ending debasement of the US dollar, which is a feature of the dollar, It's only gotten... worse and the likelihood of astronomical money printing has also only increased”
“AI's build out is effectively funded by debasement. It's also funded literally by tax incentives that are worth a lot of money, right? So the public, the treasury, public treasury is subsidizing the build out in many cases.”