Tony Stuntz

Investing in DeFi, Web3 and startups

[Adam Livingston @AdamBLiv]

KEVIN WARSH JUST SOFT-LAUNCHED THE BITCOIN STANDARD

This man sat down in a dark room with two mugs and a rug from the Ottoman Empire and casually implied the Fed has lost the script and that Bitcoin might be the footnote that replaces the entire book.

This is the future Federal Reserve Chairman.

And he just dropped harder Bitcoin alpha than 95% of Crypto Twitter, in a suit, without moving a single facial muscle.

The guy who might be printing your money next thinks Satoshi might’ve been right.

Wall Street right now is chain-smoking inside marble tombs like “Wait wait wait, the next Fed Chair believes the dollar is a slow rug-pull and that a decentralized open-source spreadsheet might fix it?”

Yes. Yes he does.

And he’s saying it like he’s reading The Very Hungry Caterpillar to a room full of newborns.

Jamie Dimon just spilled his oat milk latte all over his Macbook.

“HOW DID WE LOSE TO A PDF?”

You did, Jamie.

You lost to SHA-256, anons with frog PFPs, and a timechain that never forgets.

And now Kevin Warsh is out here calmly explaining that Bitcoin is monetary Darwinism and the Fed is a wounded antelope limping through the savannah of capital markets while BlackRock and Fidelity polish their sniper rifles.

This is the final act of fiat monetary theater.

The curtain is coming down and behind it is a cold wallet and a single word: “EXIT.”

Imagine being a legacy banker hearing this.

You spent 30 years climbing the yield curve, sacrificing your soul to spreadsheets, waiting to be knighted by Goldman just to wake up one day and find out the new Fed Chair is basically Michael Saylor in a Brooks Brothers suit whispering that the petrodollar is dead and your kids should probably own BTC.

And it gets better.

Because when Bitcoin finally rips to $1M and fiat starts trading like Argentinian airline miles, you’ll look back at this clip of Kevin Warsh sipping coffee and nodding solemnly and realize it was the monetary equivalent of the Archduke getting popped in 1914.

It’s happening.

The Fed Chair is going to orange pill the world... quietly, clinically, and with the precision of a central banker who understands that Bitcoin is the solution to the current system.

The monetary singularity just got a name tag.

Hello, my name is Kevin. I’ll be your funeral director for fiat.

[Tony Stuntz @TonyStuntz]

@BillyBoone32 Except the dollar just improved too by incorporating stablecoins. The new world is digital with Bitcoin as the new gold in the background waiting for govt insolvency and stablecoins as the new cash that everyone uses day to day. If govts remain solvent bitcoin waits indefinitely.

[Terry Kim @thewayofkaizen]

3. Feed your mind

Warren Buffett spends 5-6 hours a day reading.

Bill Gates reads 5 books a week.

But it's not just books. It's newspapers, reports, anything that sparks curiosity.

Knowledge compounds like interest.

[Michel @Mic_VegasSphere]

UPDATE BORING COMPANY: Vegas Loop: Virgin Hotel station. My first post of Virgin. I knew the fence was up but today we can see the first digging going on. This site is smaller than Riviera or Westgate so it will be interesting to see how the Boring Machine fits— and in what direction. @SERobinsonJr

[Tony Stuntz @TonyStuntz]

@JiRongMFA Are there plans for this to begin commercial operation?

[Tony Stuntz @TonyStuntz]

@Justin_Bons First two points seem to contradict each other. 1) Not enough block space 2) fees from blocks won’t cover security.
Increasing demand for limited block space => rising fees. Happens every bull cycle.
And BTC already hugely over secured anyway

[Tony Stuntz @TonyStuntz]

@stuntsea

[Eric Crouch @croucheric]

you all know what week it is. #GBR

[Ian Cassel @iancassel]

Microcap Investing

“Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow...”

- Jeff Bezos

[Ian Cassel @iancassel]

With investing it isn’t batting average that is important, it’s slugging percentage. The goal is to be really right when you are right.

[Cameron Winklevoss @cameron]

#Bitcoin has made significant ground on gold — going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.

[Nassim Nicholas Taleb's Wisdom @TalebWisdom]

"Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio." - Nassim Nicholas Taleb

[Ian Cassel @iancassel]

Don't waste time having an opinion on every company. It's a distraction. You only have to be right on what you own.

[Yassine Elmandjra @yassine_elman]

The 30-day BTC ETH correlation has dropped to 2.5 year lows. The last time we saw a drop this quick and dramatic was at the start of the 2017 boom.

[Spencer Noon 🕛 @spencernoon]

From my talks with professional trading desks, #DeFi is barely on their clients’ radars except for a small number of crypto funds.

[Tuur Demeester @TuurDemeester]

Imo there is no stock market recovery - it's all inflation. US stocks denominated in gold:

[Ian Cassel @iancassel]

The more you worry about next quarter, the more likely you will sell at any sign of imperfection. Since no company is perfect, this means you will always sell too soon. Time always pushes out the weakly convicted and creates opportunities for those that can see a little further.

[Ryan Watkins @RyanWatkins_]

What would it look like if institutional investors followed Paul Tudor Jones and allocated a “low single-digit percentage” to #Bitcoin?

Here’s what we found using our best estimates of global inst. investor AUM.

TL;DR?

Hundreds of billions if not trillions $ in inflows

1/

[PlanB @100trillionUSD]

#bitcoin performance after each halving