The Bitcoin DeFi paradox: sound money, dormant capital.
1/🧵
Roughly 0.8% of all BTC is deployed in DeFi.
That’s ~$17B — but still less than 1% of supply.
Almost all BTC remains dormant.
Not earning, not compounding.
Not part of the financial system it helped inspire.
Why?
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Today is my 32nd birthday.
Over the last month, I asked several 90-year-olds what advice they would give to their 32-year-old selves.
Here's the life advice everyone needs to hear:
- The average return on the Dow Jones since 1900 is 7.5%.
- The number of calendar years the return came in between 5-10% equals 11 out of a possible 123.
- That's less than 9% of the time!
The average return doesn't exist!
@RyanDetrick
@MasterPandaWu One q, in April letter where you said " in accordance with my cycle research and astrological settings, this BLACK fifth wave—hence the ENTIRE BULL MARKET (2009-2022) would end between May 10-20th, at the level of 5250 for SPX (+/- 100 points).
Where do you stand now?
Peter Lynch: "I think volatility is terrific. It's a great opportunity if people understand what they own. The market ought to double in the next 8-9 years and again 8-9 years after that. Because profits go up and stocks follow. That's all there is to it."
https://t.co/vmFbBY1bV0
Looks like football practice is off the schedule for FC Dynamo Kyiv for some time. A football club with almost a 100 years of history is showing their camaraderie and love for their country on the battlefield. Good fortune to you, soldiers! @DynamoKyiv
I wouldn’t want to keep money in a bank that can’t access the SWIFT system. Once a bank can’t transfer or receive funds from other banks, its solvency can be at risk. If I were Russian, I would take my money out now. Bank runs could begin in Russia on Monday. #StandWithUkraine
When the wall of communism fell, we (The U.S. and the U.K.) convinced the Ukraine to denuclearize as they had a third of Russia’s nuclear weapons when they became independent. In exchange, Ukraine received a signed security guarantee from us known as the Budapest Memorandum. 1/8
.@ZelenskyyUa's tv address to the Russian (!) people might be the most moving speech that I've ever seen in my entire life. The whole world needs to see, understand and share this crucial Ukrainian message.
#StandWithUkraine#Ukraine#Україна#Russia#Россия
@Erik_Hansen_ If Tesla drops 95% the company would still be valued at a premium to its automotive peers as BMW and VW. Tesla: 5x Ebitda vs w and vw at 3x….
@vekstportef Se på Hilbert Group (HILBB SS). Mcap 720m SEK. Algobasert cryptofund. Første handelsdag i dag i Sverige. Opp 330% YTD. AUM på SEK 160m nå. Eier 60% av https://t.co/4M48zq4Exk med 4m brukere. Skal monetise den. Vanvittig team. Ikke noe investeringtips. Men ta en titt.
@mariustuil@vekstportef Er det Fornuftig å stenge ned norsk oljevirksomhet for så at den skal erstattes av amerikansk skifer med 30-50x co2 utslipp? Ikke for å nevne Kina og andre land. Norge er i særklasse dyktigst på «bærekraftig» oljeutvinning. Bør heller bruke vår kompetanse til å hjelpe andre.