The Largest Liquidity Expansion in History Is Starting — And Most People Don't See It Coming

Anthony Pompliano recently sat down with Andrew Parish and Tilman Holloway, co-founders of Arch Public, for a conversation that should be required listening for anyone trying to understand what's about to happen to global markets.

The core thesis: tokenization is going to create an explosion of new tradeable markets — equities, real estate, commodities, prediction markets, and asset classes that don't even exist yet. All of those markets need liquidity. That liquidity needs dollars. And the scale of dollar creation required to service these markets will dwarf anything we've seen in history.

This isn't theory. The infrastructure is already being built.

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The Money Printing Thesis

Every major era of money printing has been justified by infrastructure investment. The New Deal in the 1930s. The Interstate Highway System in the 1950s. The internet expansion in the 1990s. Each one kicked off 20–30 year economic growth cycles with persistent asset price inflation.

We're standing at the front end of the next one — and it may be the biggest yet.

What makes this cycle different is that tokenization creates genuine, structural demand for new dollars. Previous rounds of quantitative easing felt artificial — money printed to prop up banks and bond markets. This time, the demand is tied to AI and crypto infrastructure with obvious productivity gains. A 29 million square foot semiconductor facility with its own power treatment plant isn't a balance sheet exercise. It's real capital going into real infrastructure.

The political cover for massive money printing is being manufactured right now, and it's more convincing than anything we've seen before. That means significantly higher structural inflation is coming — and it means hard assets, real assets, and anything that benefits from dollar debasement are set up for a very long run.

There's $8.5 trillion sitting in money market accounts at market highs. When that capital starts flowing into tokenised markets, the scale of what unfolds will be extraordinary.

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24/7 Markets Change Everything

This is the part most people haven't fully processed. When markets run 24 hours a day, 7 days a week, across an infinite number of tokenised asset classes, the rules of the game fundamentally change.

BlackRock and Morgan Stanley can't stop talking about tokenization — and for good reason. For exchanges and financial infrastructure, 24/7 trading means revenue never stops. Every hour of every day becomes a fee-generating opportunity across every asset class. The expansion of total addressable market is staggering.

But 24/7 markets also create a structural problem: humans can't keep up. You can't monitor positions at 3am. You can't make rational decisions when you've been watching screens for 18 hours. The firms and individuals who thrive in this new environment will be the ones with superior automation.

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The Automation Arms Race

This was one of the most striking data points in the conversation. Jane Street operates with roughly 3,500 employees and generates quarterly profits that rival JP Morgan's operation of 330,000 people. That ratio is the future of finance in a single number.

Technology-enabled trading firms will massively outperform traditional institutions. The gap will only widen as markets expand into 24/7 tokenised trading. If you're still relying on manual execution and human decision-making in this environment, you're already behind.

Arch Public is building automation tools designed to sit in that gap — to give traders the infrastructure to operate in markets that never close. Whether they specifically win the race is secondary to the bigger point: automation infrastructure is becoming as essential to trading as the internet became to commerce. The companies building these tools — and the exchanges processing the volume — are the picks-and-shovels plays of this cycle.

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Bitcoin as Infrastructure

Bitcoin's role in this thesis is worth paying close attention to. If AI agents need a native currency for autonomous transactions in always-on tokenised markets — and the trajectory strongly suggests they will — then Bitcoin shifts from speculative asset to foundational infrastructure.

Crypto becomes the most widely used exchange of value in the new age of 24/7 markets. Not because of ideology, but because the technology demands it. Autonomous agents need programmable money that settles without intermediaries, across borders, at any hour. That's what Bitcoin and crypto infrastructure provide.

The institutional money flowing into this space — bank custody expansion, tokenised asset platforms, exchange infrastructure — confirms the direction of travel.

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What This Means for Positioning

The infrastructure plays are the clearest opportunity. Exchanges like CME Group, Intercontinental Exchange, and Nasdaq are toll roads — they collect fees regardless of which direction markets move or which traders win and lose. As trading volume expands across 24/7 tokenised markets, their revenue base grows structurally.

Bitcoin as a long-term strategic holding makes sense through this lens — not as a trade, but as exposure to the settlement layer of the next generation of financial markets.

The automation platforms and the technology firms enabling 24/7 trading are the growth plays. The traditional financial institutions that fail to adapt are the ones that get left behind.

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The Scale of What's Coming

Most people — even people who are paying attention — are underestimating the magnitude of this shift. We're not talking about incremental improvements to existing markets. We're talking about the creation of entirely new asset classes, infinite new markets, and the liquidity infrastructure to support them.

The need for dollar creation to service these markets will be enormous. The infrastructure investment required is already underway. The automation tools to operate in these markets are being built right now.

This is the kind of macro setup that defines decades — not quarters. And the window to position for it is still wide open.

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Not financial advice. Always do your own research.