DEBASER: Gold and Bitcoin ETFs have combined for +$7b in flows in past week, by far a record for a 5-day period as debasement trade steals spotlight from AI. GLD, IBIT leading, in Top 10 for week. Also notable $IBIT YTD flows are now positive, completely dug out of sizable hole.
Crypto-backed mortgages have moved in.
Borrowers in the US can now use Bitcoin as collateral for a down payment - without having to sell it or face margin calls.
Plus, Coinbase One members can get up to $10,000 back at closing.
BITCOIN HITS $80,000 WALL
Bitcoin’s rally is losing momentum around the key $80,000 level as traders await US inflation data and Fed signals.
Bitcoin remains up about 22% since Aug. 20, supported by strong ETF inflows, but profit-taking and overbought conditions could limit near-term gains.
A sustained breakout above $83,000 could open the door toward $95,000–$100,000.
thesis around buying bitcoin spot here is same as its always been
hardest form of money non-seizable by govts & transferable cross borders instantaneously w/ out hassle, not affected by persistent devaluation of dollars & long term store of value to preserve wealth
digital gold thesis took a hit in 2024/25 as gold outperformed during its first real rally since not making new all time highs since ~2011, believe that all it would take for confidence to return to this thesis would be momentum to the upside
agree w/ @_tolks on dxy strength & upwards movements in rates dragging down gold but we are near peak hawkishness as inflation should subside as strait of hormuz reopens & gives room for warsh+fed to cut instead of hiking, lots of people sitting on realized gains from ai stocks & will diversify into RE+Cash+long term SOV of which gold & bitcoin both fit into that LT portfolio, insti interest from people like Paul Tudor Jones still present even with current negative press of saylor situation
ive been very bearish btc because of saylor & didnt think 60k would hold at beginning of june but am reacting as buyers stepped in at key level, feels like we are currently pricing in the peak worst scenario of him having to sell as is evident by price action with mstr & strc, even if he does need to sell btc wont have to do so for ~6 months+
buying bitcoin here into beginning of Q3 is good trade setup at long term historical support converging with worst sentiment ive seen on the asset
JAPAN EYES BLOCKCHAIN FOR REAL-TIME MARKET SETTLEMENT
Japan plans to trial real-time stock and bond settlements using blockchain technology, according to Nikkei.
The FSA, Finance Ministry, Bank of Japan and financial institutions will launch a study group this summer.
A development plan could emerge in early 2027, with operations potentially beginning within several years and a broader system running by the early 2030s.
BITCOIN BREAKS $80K AS RALLY ACCELERATES
Bitcoin briefly surged above $80,000 for the first time since May, gaining more than 20% in a week.
The rally is fueled by concerns over dollar debasement, inflation and government spending.
Investor demand is also strengthening, with the iShares Bitcoin ETF recording six consecutive days of net inflows.
Markets remain calm despite Iran tensions and U.S.-Canada trade disputes.
⚡️A Treasury openly weaponizing dollar rails against an adversary, days after openly administering its own bond market, is the loudest advertisement for neutral settlement assets the machine has produced yet.