Accurate ✔️
#coffeechain https://video.twimg.com/amplify_video/1914913635534536704/vid/avc1/360x640/IiWcVrxqrPQgamJv.mp4
I only had to look at my cup of tea this morning.
*Not inflation adjusted.
Stocks and bonds down in real terms.
1 year markets summary:
Stocks and bonds - ➡️ FLAT
Bitcoin and gold ⬆️ UP 25% or more
MSTR ⬆️ UP over 70%
Zoom out
Cynical take.
BlackRock says Bitcoin could become the reserve currency.
Why?
New young customers.
“More than half of demand for our Bitcoin ETP has been from retail investors, and 3/4 of those investors had never owned an iShares product before.”
https://www.blackrock.com/corporate/literature/presentation/larry-fink-annual-chairmans-letter.pdf
“There is a path by which the Trump Administration can reconfigure the global trading and financial systems to
America’s benefit, but it is narrow, and will require careful planning, precise execution, and attention to steps to minimize adverse consequences.”
Will it work?
“Tariffs are a tool for negotiating leverage as much as for revenue and fairness. Tariffs will likely precede any shift to soft dollar policy that requires cooperation from trade partners”
- Stephen Miran, Nov 2024
As the US takes bold steps to create a Strategic Bitcoin Reserve, and BPI holds events with US Senators, ministers in the UK continue to laugh at Bitcoin and bury their heads in the sand.
But the UK holds enough Bitcoin to keep pensioners warm for two full years and cover the entire Winter Fuel Payment until 2027. This is not a laughing matter.
Today nostr:npub1z74dj8y9xgq3lmz3eyvarzmwxwllhuzewz2exwz5j57tf6jssmss9pd4yx replied to the latest letter we received from HM Treasury. We set out responses to the criticisms they made in their last letter (also copied below) and continue to offer our time and expertise in helping them to understand this asset and to capitalise on our advantageous position, controlling as we do 61,000 coins.
They may continue laughing, and continue ignoring us.
But we will not stop doing everything we can to change this.
Excellent response. Clear and compelling.
Why the UK’s financial asset posture is anachronistic and naive.
My latest for nostr:npub1z74dj8y9xgq3lmz3eyvarzmwxwllhuzewz2exwz5j57tf6jssmss9pd4yx
“Europeans move towards destroying their own capital markets”
Why else would you incentivise the world to divest from your bonds, equities and currencies & invest in Bitcoin and gold instead?
It’s myopic.
Note how the UK government leads its inflation reports with its primary measure (3.9%), but the media always focuses on a (lower) secondary measure (3.0%).
Spin upon spin.
GM
Unreal.
Unusually, even the readers are onto this.
The FT getting itself into a bit of a muddle with its lead article this morning.
It ‘fears’ that investors want to fall for Trump’s shitcoin scams, but are instead falling for copycat shitcoin scams passing themselves off as Trump shitcoin scams.
Oh dear.
GM
I don’t like it. And it’s now wormed into my ear. Noooo!
Nonetheless: GM
GM
GM
