In 2014 I played for NC State in the Bitcoin Bowl. Every player got a $500 bitcoin gift, about 1.5 BTC at the time. We could hold it or spend it at vendors that took it.
It was Christmas, so every one of us cashed out. I bought my brother a watch and my sister a griddle ๐
None of us had any financial education on bitcoin. Nobody saw it as an asset, and what little research I did said it was for money laundering. That lesson stuck with me. For the last 3 years, every spare dollar outside debts and non-negotiables has gone into XRP.
Now it's come full circle. XRP is on college football fields for the world to see, just like bitcoin was. It's Dรฉjร vu, but this time I'm on the other side.
I missed it once. I'm not missing it twice.
Never Say Die Kentucky Downs Ladies Turf Sprint Stakes Gr. 1 $1,750,00 โข In Our Time โข Micah Husbands โข Saffie Joseph, Jr.
#KentuckyDowns | #HorseRacing
@JoelKatz In 2014 I got about 1.5 BTC for playing in the Bitcoin Bowl and sold it at Christmas for a watch and a griddle. You sold 40,000 ETH for solar panels on a house you donโt even own anymore. At least my sister still has the griddle. ๐๐๐
In 2014 I played for NC State in the Bitcoin Bowl. Every player got a $500 bitcoin gift, about 1.5 BTC at the time. We could hold it or spend it at vendors that took it.
It was Christmas, so every one of us cashed out. I bought my brother a watch and my sister a griddle ๐
None of us had any financial education on bitcoin. Nobody saw it as an asset, and what little research I did said it was for money laundering. That lesson stuck with me. For the last 3 years, every spare dollar outside debts and non-negotiables has gone into XRP.
Now it's come full circle. XRP is on college football fields for the world to see, just like bitcoin was. It's Dรฉjร vu, but this time I'm on the other side.
I missed it once. I'm not missing it twice.
๐จ Japan is About to Nuke the Global Economy
A very dangerous news came out from Japan for Carry Traders: BoJโs Yuto just revealed that Important off-the-record deals have been struck to secure Japanโs oil demand.
Markets immediately heard the implication: oil priced in yen. If that happens, the decades-old yen carry trade does not just wobble. It snaps.
Oil priced in yen would mean Japan (or its counterparties) settling at least some crude purchases in yen instead of dollars. Oil has been a dollar market for decades. Japan earns in yen, so it normally sells yen for dollars, then pays for barrels.
That constant yen-selling is one of the structural pressures that kept the currency weak and made cheap yen funding attractive. If a growing share of Japanโs oil bill is paid in yen, especially under bilateral political deals with the United States after the Hormuz disruption, two things change at once:
Japan needs fewer dollars for energy, and counterparties who accept yen have a reason to hold or recycle yen. That reduces a major source of yen selling.
That is what hit markets in August 2024. At the same time, Japanese yields are rising and yen is weakening after multiple interventions by U.S. Treasury and Fed. The U.S. 10-Year Yields have already broken 5.18% and not seeming to stop.
Scott Bessent even dumped Euros to save the yen, doubled U.S. Bond buybacks, warned the Fed to expand FIMA facility to Japan or watch the U.S. Treasuries collapse.
A move toward yen-denominated oil would reinforce the yen, raise the cost of funding the old carry, and accelerate the shift toward the reverse trade.
Higher yields in both countries already tighten financial conditions; a sudden yen squeeze on top of that would force leveraged positions to unwind into rising U.S. and Japanese bond yields at the same time.
This was exactly warned by the Famous City of London banker @LordBelgrave at the start of the year.
The Yen-Crude Settlement was inevitable. Looks like itโs finally arriving.
๐จ BREAKING: $XRP SUPPLY SHOCK IS HERE! ๐จ $1,000 XRP DOMINO THEORY EXPLAINED, U.S. PASSES CRYPTO BILLS, BITCOIN RESERVE & HISTORIC ALT.๐ฅ๐ฅ๐ฅ๐ฐ๐
โ ๏ธ XRP SUPPLY SHOCK COMINGโ ๏ธ
$20 IS JUST THE START, EXCHANGES RUNNING OUT OF $XRP FASTโก๏ธ๐๐ฅ
#Crypto#XRP#CLARITYAct
Introducing our Keynote Speaker for the 2026 #RacingSymposium ๐ฃ
A lifelong sports entrepreneur with a rapid growing investment in Thoroughbred racing, @randyboyd brings a fresh, unique perspective on the future of racing.
TENNESSEE BELLE WINS! ๐ฅIt had been 11 months since her last race. She came back as a 3 year old against older horses (who have far more experience) and won by 4ยฝ lengths at @Saratoga1863. Not sure Belle got the memo that this was supposed to be a tough comeback!
Huge credit to Todd Pletcher and the entire team behind her every single day and to Flavien Prat for a brilliant ride. You canโt teach speed! #TennesseeBelle
๐งก ๐ง๐๐ก๐ก๐๐ฆ๐ฆ๐๐ ๐๐๐๐๐ comes flying late from the back and wins R3 at Saratoga under jockey Flavien Prat for trainer @PletcherRacing.
Great to be back at the White House today alongside @realDonaldTrump, @SECPaulSAtkins, @ChairmanSelig and leaders across the crypto industry.
The big picture has never been clearer: 67 million Americans hold crypto today (thatโs nearly 1 in 4!). Crypto isn't a fringe industry. And Washington DC knows the crypto voter is alive and well.
This President's incredible commitment to innovation and leadership around digital assets in the US has been profound. The future is bright.