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‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.

The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Tavi Costa is a portfolio manager at Crescat Capital. In this conversation with NLW, he discusses:
- The credit exhaustion moment in the engines of global growth
- The race to the bottom for fiat currencies
- The explosive moment for precious metals
- Where bitcoin might fit in this larger framework
Find our guest online:
Twitter: @TaviCosta
Instagram: @TaviCostaMacro
Website: https://www.crescat.net
See also: US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing Dot-Com Bubble High
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
