Bitcoin came move sideways, but Strive's common stock can keep appreciating.
Make that make sense. I mean, I can, I just thought it'd be cool to say it. ๐
$ASST
@randgroup Fiscal dominance is a global phenomenon. We just talk about US because most of the capital is sitting there. Widen the net, the disease is everywhere.
$BTC
BREAKING: US Treasury Secretary Scott Bessent says he won't speculate on the Fed, but you don't raise rates into a supply shock.
That's basically him telling the Fed not to hike right now.
@KobeissiLetter This will be how he rationalises printing more to inflate the debt away.
This is 4D chess.
Read between the lines. We are in for a world of pain.
@TaviCosta They're printing everyday, slowly and covertly, so as not to alarm us that know. But we read, we interpret and we know that inflating the debt away is and always will be their go to "strategy".
We need scarcity. Real scarcity.
We need Bitcoin.
@dampedspring He has access to the most recent data.
He knows where the trend is going.
He deliberately made it seem like he's boxed in, so the market can analyse the data themselves and conclude before he speaks next.
The market will decide that rate hikes are off.
Pure theatrics.
Exactly.
The credit instrument provides what the boomers love, high income, paid so often, perfect for their retirement needs.
What does that mean? You get capital flowing from the richest into $BTC indirectly.
Then, with the proceeds, you buy Bitcoin.
JUST IN: Strive's Jeff Walton (@PunterJeff) explains what critics of #Bitcoin treasury and digital credit get wrong.
"They're missing that this is a sustainable business model and that we're attracting new pools of capital that historically wouldnโt have bought BTC."
"We're building infrastructure for capital to onboard into BTC." ๐ฅ
Hahaha exactly! I envied their mathematicians and engineers, well clearly it isn't applicable to economics. Having said they, they aren't the greatest at reading a room and between the lines, so perhaps this is to be expected. Doubt they have many good quants, if at all.