Gold will get demonetized so brutally your grandkids will think a golddigger is someone who scavenges for metal scraps in the dumpster to sell for sats
Crypto wealth is approx 50bps of global wealth. That means if you don’t have at least 1/2 percent invested in crypto you are short the global benchmark. Most institutions are still at 0. As they move in, that number will go to 1 then 2 then….
The cycle has started.
JUST IN: Bitcoin futures ETFs said not to face any opposition at SEC, according to multiple sources confirming this (aside, I’m hearing same thing). Pretty much done deal. Expect launches next week. Nice late night story from @kgreifeld@VildanaHajric@benbain
On a more serious note:
Remember that your job is to do what’s +EV *now*.
Don’t let your present decision-making process be burdened by your past mistakes.
The Bitcoin Futures ETF is going to hit the market while 85% of the bitcoin circulating supply hasn't moved in 90 days and inflation is accelerating at more than 5%.
Absolutely bananas.
$BTC miners are on the bull side now.
Despite China's Crypto Ban, miners including those who were in China are holding $BTC in mining wallets.
There's no significant miner outflow compared to early this year, and hashrate recovers from US miners.
https://t.co/6JwXJN9izW