๐จ Our CEO @JRupena said,
"The Fannie Mae x Coinbase Bitcoin Mortage announcement IS VERY MISLEADING.
You're going to have a higher interest rate than a conventional loan, so why even bother?
IT'S NOT AS EARTH-SHATTERING AS IT SOUNDS."
The Strategic Petroleum Reserve just saw the 2nd largest draw in history
This comprises data going back almost 50 years
The government is pulling out all the stops to suppress the price of oil, because they can't print molecules- only dollars. Scarcity is paramount now.
Two scarce things worth owning: Bitcoin and real estate. One is the hardest money ever created. The other is land. Milo lets you hold both without choosing. https://t.co/k9UpGu1oik โฟ๐
Crypto collateral to onchain title transfer - the full stack is coming together. Excited to keep building with @PropyInc. This is what real estate looks like when crypto is native. ๐
Selling BTC to fund a down payment means capital gains taxes and giving up the upside. A crypto mortgage lets you keep both your home and your crypto. https://t.co/k9UpGu1oik #CryptoBacking
INTEREST ON GOVT DEBT: $139 MILLION, PER HOUR
The US Government is currently spending $139,000,000 per hour or $3,340,000,000 per day
on interest on the national debt
In the ~6 seconds it took to read this, the debt's interest just spent four Americans' entire yearly paychecks
Interestingly, bitcoin has shown quite a positive correlation (directionally) with inflation breakevens
A rolling 90-day correlation coefficient shows a 0.7 positive correlation between bitcoin and breakeven rates
INFLATION ODDS = PLUMMETING
In just the past month, 5-year breakeven rates are down by more than 30 bps
Despite this, real yields remain at the highest level in a year and a half