Chin Chinchin

Head of Shokurin Temple & Master of Food Etiquette

[Raoul Pal @RaoulGMI]

You think rates are going to blow up the economy, anon?

You under estimate the difference it is having a macro hedge fund manager running the Treasury. He knows the game, the stakes and he knows the dials.

No one is going to sacrifice the midterms if they can absolutely avoid it... and they will do EVERYTHING possible to win them.

Relax. It'll all be fine. Better than fine fine in fact. The liquidity spice is flowing, everything else will be dealt with.

[𝒵𝒾𝓀✯ @_Gottalovezik]

me sensing an opportunity to randomly sing a song mid conversation based off words you said

[みなも🫧 @_0681_mo]

コイルと京都旅！⛩🎮🪼

#ポケモンfit

[Cłoùd𖤐 @vapefuls]

Smoking weed and watching music videos as the hangout is a lost art

[ほけんゴリラ@南米 @insurancegori]

相場がグングン伸びてる局面だと、1円でも高く売りたくなるのはわかる。
だけど、こういう時に稼ぐのは利益だけじゃなくて、関係���だったりする。
最高値では無いけどまとめて引いてくれる業者さんや、今まで付き合いは無かったけどカード欲しがってるお店。
言い方は悪いけど、恩を売りやすい環境なんだよ。もちろん恩を感じないような人もいるけど、それも含めて勉強だと思うよ。
向こうが欲しがってる時に与えないヤツは、暴落時に誰にも救ってなんかもらえないからね。
相手があって成り立つ商売で、相手を大切にする。基本を守る。
おじさんとの約束だよ。

[CH*NA .✦ ݁˖ @sakuraminicake]

Oda go the fuck home bro

[さしぶー @sashibu2]

FRLG（赤緑）がSwitchに移植されたのは嬉しいし、BDSP（ダイパ）みたいに中途半端なリメイクするぐらいなら移植の方が全然良いと思うけど
ドラクエみたいに、昔のドット絵を活かしつつ現代のグラフィックに寄せるHD-2D版のポケモンも見てみたさある

BWは最後のドット絵ポケモンだし、これでリメイクしてくれたら超喜ぶ

[Chin Chinchin @ButaHime69]

I’m so fucking cooked, holyy

[=^•w•^= @ChancoCat]

The best thing about frieren is, we live in a society that pushes a work hard play hard mentality and when you watch frieren you watch characters that have this huge journey ahead of them, who are some of the most powerful characters, and yet they take the time to help others, learn about each other, and enjoy the little things.

We watch small things happen like a character getting food or picking out a gift because these things are actually what define most of our lives and not some big goal we accomplished.

It’s a show that will remind you life will be okay, take it slow, and to not take what you have in front of you for granted.

[R Λ Z Ξ R 🇯🇵 @RazerJP]

Razer | EVANGELION エヴァ2号機 コレクション がまもなく。
#RazerXEVANGELION

[PSAcard @PSAcard]

You already know: @KabutoKing_ has evolved the game.

Pokémon’s premier paleontologist is on a quest to collect every 1st Edition Kubuto card from the ‘99 Fossil set, posting each new pickup (over 2,000 Kabutos and counting) to a fanbase of around 40,000 on X.

And with a winning bid of $51,100 from @cards_dot_fun that edged @LoganPaul’s best and final, a charitable auction for this signed copy just took the market-making phenomenon to the moon on @eBay.

The amount is being donated to @StJude in its entirety. Grading and fossilization was on the house.

All hail the Kabuto King. 🙌

[ムンピカ世界観@ポケカコレクター 新弾 旧裏 レトロカード @MunPika_]

お金がいくらあっても市場に存在せず
どこを探しても見つからない

・市場に流通した記録がほぼない
・写真すら信憑性が疑われてきた
・ポケモン関係者ですら見たことがない

実際に公の場でカードの姿を見ることすらほぼ不可能

はっきりとした所有者は一人だけ
この映像はめちゃくちゃ貴重です

[Kabuto King @KabutoKing_]

My collection.

Amazing to see from this perspective. Thank you to everyone who has helped me. Thank you to everyone who donated cards. Thank you to all the people who share, enjoy, & take part in this journey. Thank you to the @solana community for fueling the future of this collection.

History will look back on this moment.
Kabuto no longer hides in the shadows…
Kabuto has arrived.
Kabuto is King 👑

[Michael Saylor @saylor]

"Energy is the true currency. Bitcoin is based on energy." - @ElonMusk

[Chin Chinchin @ButaHime69]

Villain arc initiated?

[Julien Bittel, CFA @BittelJulien]

I wanted to give everyone something meaningful, a gift…

This comes from Global Macro Investor (GMI) and a deep, long-running body of research developed by @RaoulGMI and myself.

Many of you already know The Everything Code, which is our framework for understanding the macro landscape and why major central banks are debasing their currencies to manage aging demographics and overwhelming debt loads.

I call this a gift because these four charts, while only scratching the surface of The Everything Code, give you the big-picture context you actually need in moments like this.

They stop you from getting lost in every Bitcoin pullback and explain why Raoul and I never panic, even when, to borrow one of his expressions, everyone’s acting like monkeys throwing poo at each other.

Once you understand The Everything Code, you stop trading short-term noise and expand your time horizon. You cannot unsee it.

The starting point is what we call The Magic Formula:

GDP growth = population growth + productivity growth + debt growth.

Population growth and productivity growth have been falling for decades. Debt growth is the only thing filling the gap.

The private sector has been deleveraging since 2008, mainly households, but debt levels are still around 120% of GDP. The public sector sits at roughly the same level.

Here’s the problem…

If the government is running debt at 100% of GDP and the private sector is sitting on another 100%, and for simple math we call rates 2% even though they are really closer to 4%, then the entire 2% trend growth of the economy is being consumed by servicing private-sector debts. That is a completely unproductive use of GDP. And then there’s the issue of public-sector debts. There’s just not enough organic growth to service the existing debt load.

To understand why this dynamic persists, you need demographics.

Birth rates peaked in the late 1950s and have been declining ever since. This shows up about sixteen years later in the labor force participation rate as each generation enters the workforce (chart 1).

That means the labor force participation rate is not going to rise any time soon. It is set to keep drifting lower. This is a structural problem.

Aging populations, falling birth rates, and rapidly expanding automation make the backdrop even more deflationary. AI and robotics are replacing humans at scale, and we are only at the beginning. This reinforces the need for ongoing stimulus to keep the system functioning.

With weak population growth and sluggish productivity, the only way to keep GDP expanding is through debt.

Now here’s where it gets interesting…

Government debt growth is completely offsetting the demographic decline and policymakers know exactly what they are doing (chart 2).

And what happens next?

All debt growth in excess of GDP gets monetized (chart 3).

Basically, since 2008, magic money has effectively been paying the interest. Governments issue new debt to cover old interest, and once rates fall enough, central banks absorb it onto their balance sheets.

So to wrap this up, demographics drive the decline in the labor force. Governments offset that decline with more debt. That debt eventually gets monetized through quantitative easing (QE) style operations, not always directly by the Fed, but through the coordinated ecosystem of the Fed, the Treasury, and the banking system. And the bottom line is that there’s still a massive wall of interest that needs to be monetized, far more than GDP can ever cover. Liquidity is literally the only game in town.

And what thrives in a world of perpetual debasement? Bitcoin (chart 4).

I know this correction has been painful, but it’s all part of the journey. These periods feel brutal in the moment, then they fade and the trend resumes. This too shall pass…

To quote Walter White from Breaking Bad, later echoed by @LynAldenContact, nothing stops this train.

MOAR COWBELL (liquidity) = number go up over time. Zoom out and be more bullish…

[Michael Saylor @saylor]

Response to MSCI Index Matter

Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.

This year alone, we’ve completed five public offerings of digital credit securities— $STRK, $STRF, $STRD, $STRC, and $STRE —representing over $7.7 billion in notional value. We also launched Stretch ($STRC), a revolutionary Bitcoin-backed treasury credit instrument that provides variable monthly USD yield to institutional and retail investors.

Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate. Our team is building a new kind of enterprise—a Bitcoin-backed structured finance company with the ability to innovate in both capital markets and software.

No passive vehicle or holding company could do what we’re doing.

Index classification doesn't define us. Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation.

[Julien Bittel, CFA @BittelJulien]

Everyone is suddenly back to debating who to unfollow because this whole space has turned on itself yet again, so here is my take…

I usually stop following accounts that pump out views when everything is going up and then disappear the moment things turn down, right when the community needs them most.

Most step back because they do not want to be ridiculed. I get it. None of us do. But if you are in this game, it comes with the territory. You have to learn to take the hits...

I have been doing this a long time. I have been more right than wrong over the years, but I have had my fair share of bad takes too. That is the nature of markets. They humble everyone. If you do not like these insights, unfollow. Simple.

What counts is having the courage to stand up, be brave, and be bold when others are fearful. That is how you actually show up for the community when it matters most.

Right now, almost nobody wants to take a view. Everyone has their head buried in the sand and a bullish argument is the last thing anyone wants to hear.

When the market is falling like this it becomes almost impossible to separate signal from noise because every narrative is competing for emotional bandwidth. That is exactly why I am posting this. It is not a call and it is not an opinion. It is fact. Objective, not subjective, is what we need right now.

This market is oversold, but bottoms take time to form (chart 1).

When you look back at past oversold conditions, the path of least resistance has on average been higher following the last five times Bitcoin’s RSI dropped below 30 since this bull market began in Q4 2022 (chart 2).

Important note: If you believe the bull market is finished and we are entering twelve months of pain, these charts are not for you. Move along...