This isn’t about replacing the existing framework overnight; it’s about recognizing a fundamental shift in the financial landscape. As bonds, long considered reliable hedges against market volatility, have lost their defensive advantage, traditional portfolios are facing major challenges. The days of falling interest rates driving bond prices up are over. Inflation surged after 2020, and bonds now struggle to keep pace with this surge in prices. Equities haven’t fared much better. Swan argues that stocks have already priced in decades of returns, supported by high valuations, shrinking profit margins, and artificially inflated prices through debt-driven buybacks. Both legs of the traditional 60/40 portfolio—bonds and stocks—are now either overpriced, underperforming, or structurally compromised. Bitcoin presents a viable alternative to these challenges.