The @ausgov budget on Tuesday will impact all Australian founders, entrepreneurs, investors and ambitious young Australians trying to build something meaningful.
Australia has a productivity crisis and the government is increasing the tax burden on productive risk-taking capital. Stupidity of the highest order.
That is economic vandalism.
A founder who spends a decade building a company is not earning a yearly wage. They are risking capital, sacrificing income, employing Australians and reinvesting for years in the hope of creating something valuable.
Now compare Australia to the rest of the world.
The US rewards entrepreneurship.
Dubai rewards entrepreneurship.
Even Greece is competing for global capital.
Australia is punishing it.
Capital is mobile. Talent is mobile. Ambition is mobile.
The result of these changes will not be “intergenerational equity” it will be “capital punishment” for every ambitious Australian.
The result will be fewer Australian companies, fewer jobs, lower investment and weaker productivity.
The smartest founders and investors are already doing the maths.
And increasingly, they are concluding that Australia doesn’t want them.
This Budget will become the moment Australia stopped competing for growth and started taxing aspiration instead.
#Budget2026 #CGT #Productivity #Entrepreneurship #Innovation #AustralianEconomy #Investment #Startups
A probabilistic accumulation framework combining historical cycle durations, on-chain regimes, and price-based DCA.
Directionally useful, but not statistically robust enough to time an exact bottom.
Texas just bought $10M of BTC via BlackRock’s ETF (~$87K/BTC), becoming the first state with a Bitcoin reserve.
Kalshi’s post hit 400K views, and 23 states may follow.
Just read Buffett’s letter — he still lives in the same 1958 Omaha house.
His 7 rules for investing and life:
• Learn + move on
• Pick real heroes
• Live your legacy
• Be kind
• Treat others right
• Stay humble
• Stay thankful
So cool ~146 billion net worth...
Fiserv processes $2 trillion of annual volume and connects 2 million ATMs
They're launching FIUSD on Solana to reduce payment friction and connect 6 million merchants globally https://t.co/O2mKAumFNv
Elon Musk knew that President Trump was in the Epstein Files and he kept quiet until today -- this raises serious questions about Musk's ethics and integrity.
For this reason, we've sold all our $TSLA shares and will not invest in his companies again.
Integrity > money.
#Crypto breaks $3 TRILLION again! 🚀
#Bitcoin leads the charge—treasuries are buying, adoption’s booming, and supply is vanishing.
The pressure is building… this rocket has real fuel.
#BTC#Web3#BullRun#Crypto2025 💥📈
A lesson in Math.
Trump claims the following
China "Tariff" is 67%
EU "Tariff" is 39%
Vietnam "Tariff" is 80%
in reality that number is not the Tariff, its the trade imbalance. Example: We import 401B from China and export 131B. (401-131)/401= 67%
The real trade-weighted Tariffs are
China: 4%
EU: 3%
Vietnam: 6%
So with his faulty math, Trump claims "light reciprocal tariffs" of 34%, 20% and 46%.
None of it makes sense.
What Wintermute does thread
It’s been exceptionally “fun” on twitter last few days with some accounts hitting new lows in terms of market structure understanding. I’ve written a few times in the past about what we do and how we prefer to do things, but maybe it’s a good time for a refresher:
What Wintermute does thread
It’s been exceptionally “fun” on twitter last few days with some accounts hitting new lows in terms of market structure understanding. I’ve written a few times in the past about what we do and how we prefer to do things, but maybe it’s a good time for a refresher:
BREAKING: President Trump has signed an Executive Order to develop a “national digital asset stockpile,” per Fox News.
President Trump has also signed an Executive Order to create a “crypto working group,” per Reuters.
These are his first crypto-related Executive Orders.
Gratitude is a superpower:
1️⃣ Keeps us hopeful
2️⃣ Reminds us we have agency
3️⃣ Improves patience
4️⃣ Expands possible responses
5️⃣ Deepens relationships
6️⃣ Enhances resilience
7️⃣ Increases happiness
8️⃣ Grounds us in the present
What are YOU grateful for today? #Gratitude#Mindset