This is a real concern. Not because of the $ leaving the fiat system, but because of the brutal response we would see from the US gov (which is very hostile already).
Might happen at $100k or $250k btc, don’t know, but it will happen.
This is a real concern. Not because of the $ leaving the fiat system, but because of the brutal response we would see from the US gov (which is very hostile already).
Might happen at $100k or $250k btc, don’t know, but it will happen.
New FASB rules, where corp.’s that hold BTC can use EOQ btc price instead of “lowest Q btc price” is huge
It opens door to any Co on the fence about allocating a small amt of treasury to btc, as their holdings will be fairly valued.
Unnoticeable short term, but huge over next 2y
Contracts in ANY currency or asset.
This might be a big deal:
—-Large purchases (real estate, land, used vehicles) in BTC,
—Almost anything in USDC.
The state doesn’t care what coin the contract is in.
We might see a Cambrian explosion of Crypto utility in the real world.
Contracts in ANY currency or asset.
This might be a big deal:
—-Large purchases (real estate, land, used vehicles) in BTC,
—Almost anything in USDC.
The state doesn’t care what coin the contract is in.
We might see a Cambrian explosion of Crypto utility in the real world.
BTC spot ETF will🚀 price:
⁃Blackrock’s Fink, Fidelity,etc will hard sell the virtues of BTC to retail & tradfi
⁃Fin. Advisors (1/3 of US capital) finally have incentive to push BTC (ETF’s = commissions)
⁃ETF legitimizes/reduces “scam-iness” of BTC to normies
⁃see gold etf
BITCOIN
Pros:
-Spot ETF coming
-Halvening (6 mo later, price moons)
-Macro: Fed will start printing $ in ‘24 (Euros & others will follow). BTC tightly correlated to $ liquidity
-Polit: 2024 is presidential year, gov will find a way to spend (even more liq)
Con:
Binance off’d?
CT Feed is focusing on everything this morning except the one thing that was unknown 24 hrs ago.
The gov shut down Signature bank for no reason other than it was the last standing “crypto bank”. This will have the biggest effect on crypto prices over the coming months.
Narrative around inflation will inverse in the Fall. Heavy Fed Tightening + post-midterm repeat of Clinton/Newt=GOP congress blocks spending to harm Prez.
1 Fed tightening next 6 months + historically down markets pre-midterms
2 Up markets post midterms hist + by Nov. Fed might shift hawkish tone
3 Eth merge in the fall + then we’re past the 1/2 way mark in bitcoin halvening cycle
=
Hold tight next several months for an 💥🆙 Q4
This🧵 by the peerless Ms. Alden provides the macro gist of what will happen over the next 5-10 years. Regardless of party, boom/bust, etc. It’s mathematically the only thing that governments CAN do (and have always done, since paper money was invented): INFLATE THE DEBT AWAY.
This🧵 by the peerless Ms. Alden provides the macro gist of what will happen over the next 5-10 years. Regardless of party, boom/bust, etc. It’s mathematically the only thing that governments CAN do (and have always done, since paper money was invented): INFLATE THE DEBT AWAY.
Amazing how quickly CT turns from bear to hyper-bullish. It took 1 (low vol) up day.
Regardless, there’s signal there.The slightest trigger causes fomo on the “degens” as opposed to say, June, when nothing would trigger optimism.
The outsiders will come later for the final push
2/2
Thu & Fri were weak. Weekend comes and they pushed it over the edge.
What’s special here is that it coincides with the “mid/late Dec. cycle peak” narrative & eoy so folks (me included) are hesitant to put funds back in.
So I don’t know if we get a quick rebound back.
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