"Tokenization and AI agents." @Jamie1Coutts's entire 12-month playbook for #crypto demand is five words long. The interesting part is who he says shows up as the buyer: "The marches inevitable. Bessent was out last week talking about blockchain and digitalization. So they want it, obviously, because they're going to find buyers for their debt." Translation: the US government isn't warming to tokenization out of conviction — it has record issuance to place, and tokenized markets mean more buyers for Treasuries. Demand for crypto rails, driven by the state's own funding problem. Meanwhile AI agents need neutral rails no single company controls. Machines that need to transact, and a government that needs to borrow. Strange coalition — but neither one trades on sentiment.