Co-Author of SOUND—The Fabric of Soul, Consciousness, Reality, and the Cosmos. Artist | Author | Musician and Humanitarian. All my Tweets are original!
The next decade belongs to Bitcoin.
“In 10 years from now, Bitcoin will have massively outperformed gold.”
Dan Morehead, Founder & CEO of Pantera Capital, live at the Ondo Summit.
BlackRock on why Ondo’s tokenization model is the gold standard:
“I think you guys have put out a gold standard type of tokenized price representation.”
Roughly $300bn fall in $ liq over past few weeks driven mostly by $200bn rise in TGA, gov could be raising cash balances to fund spending in case of shutdown. $BTC falling not a surprise given the fall in $ liquidity.
I don’t like debate—because you can never wake someone who is pretending to sleep.
That said, clarifying the facts matters. For the record:
1.BTC began declining roughly 30 minutes before the USDe depeg.
This exactly supports the earlier point: the initial move was a market shock.
Absent the USDe leverage loop, the market would likely have stabilized at that point. The cascading liquidations were not inevitable—they were amplified by structural leverage, as explained previously.
2.Dragonfly has never been an investor in OKX—neither a minor nor a major one.
In fact, OKX invested in Dragonfly before @hosseeb joined the firm.
Separately, one partner’s previous fund (not Dragonfly) invested in OKX. These are distinct and easily verifiable facts.
3.I will not spend further time on this topic.
The facts are clear. I do not intend to engage in extended debate.
Today on @PowerLunch, @fundstrat's Tom Lee broke down how dollar weakness, earnings growth, and shifting macro tailwinds could shape markets ahead📈
▶️ Watch now: https://t.co/w3aoDLEv5m
🇺🇸 FED IS SIGNALING YEN INTERVENTION AGAIN JUST LIKE 1985. LAST TIME, THIS CRASHED THE DOLLAR BY NEARLY -50%.
In 1985, the U.S. dollar had become too strong. U.S. factories were losing business, exports were collapsing, and trade deficits were exploding. Congress was close to putting heavy tariffs on Japan and Europe.
So the U.S., Japan, Germany, France, and the U.K. met in New York at the Plaza Hotel and made a deal. They agreed to deliberately weaken the dollar. By directly selling dollars and buying other currencies together. That was the Plaza Accord and it worked.
Over the next 3 years:
- The dollar index fell almost 50%.
- USD/JPY moved from 260 to 120.
- The yen doubled in value.
This was one of the biggest currency resets in modern history. Because when governments coordinate in FX, markets don’t fight them. They follow. That decision changed everything.
A weaker dollar pushed:
- Gold higher
- Commodities higher
- Non-U.S. markets higher
- Asset prices higher in dollar terms
Now look at today.
The U.S. still runs large trade deficits. Currency imbalances are at the highest. Japan is again at the center of stress. And the yen is again extremely weak. That is why Plaza Accord 2.0 is even being discussed.
Last week, the NY Fed did rate checks on USD/JPY, which is the exact step taken before FX intervention. It signals willingness to sell dollars and buy yen, just like 1985.
No intervention happened yet. But markets moved anyway. Because they remember what Plaza means.
If that starts again, every asset priced in dollars will skyrocket.