6 months ago, Raoul Pal said we are in an elongated business/debt cycle and that bitcoin would climb higher and then we would see a -35% drawdown and “everyone will be sure that it is over… and it won’t be over.”
You need to watch this again. And again. And again. And again.
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Another way to put the bitcoin ETF flows in ETF context (besides showing their #s relative to past new launches) is how they stack up to ALL ETFs in past 1 week flows. Even after four days two of them are in Top 5 and three in Top 10, up there w the studs $VOO, $QQQ et al.
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If you invest N100m (one hundred million) and build/buy a house in lekki, and charge N5m rent, that's a yield of 5%.
Yes house value rises but your cash yield is still 5%
Home values in Nigeria 🇳🇬 may appreciate faster than inflation but then that drops cash yield.
Ed Catmull revolutionized the animation industry.
Catmull, who had a doctorate in computer tech, co-founded animation film studio Pixar alongside Steve Jobs & John Lasseter in 1986, and the trio began taking creative risks that shook up the world of entertainment.
His story 👇