Same asset, different realities.
Normalized to Dec '20: 🇺🇸 USD 🇬🇧 GBP: +140%
🇯🇵 JPY: +260%
This isn't just Gold volatility; it's the Yen eroding. The denominator drives the return. FX is the silent accelerant
Don't ever expect to trust anyone but yourself when it comes to due diligence.
No one cared. Things were built, named, promised, exchanged; yet people always forget how much after the fact situations tend to rhyme, in history.
#AI#bubbles#coincidences#FTX
Got a weird deja vu feeling from seeing the Anthropic $1.2B monthly to SPCX; reminded me of the FTX Arena deal.
Then, I remembered that SBF was invested in Anthropic
FTX Agreement w/ Miami-Dade FL (2021)
&
SPCX S-1 Filing (2026)
weird day
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