He’s being tried in NY, so most likely Riker’s Island.
Where do you find this data? I’m only able to find inflows in $$$.
This penetration into the bond market is a third Bitcoin reactor, converting fiat to Bitcoin. These reactions in the commodities, equities and bond markets will continue until all fiat is converted. The vicissitudes of human behavior will determine the rate of the reaction. We can expect to see fear and greed seesaw result in volatility, not unlike the ocean's tide coming in a series of waves, with an eventual high tide a certainty.
Here’s what I’m seeing:
Until 2024 Bitcoin was part of the commodities market, which along with gold and silver, is about 25 Trillion in size.
With the advent of Bitcoin ETF's Bitcoin entered the equities (stock) market, about 175 Trillion in size.
Now Bitcoin has entered the bond market which is about 687 Trillion, roughly four times the size of the equites market. It has entered the bond market through Microstrategy and firms that are copying their example like Marathon Digital, Metaplanet and Semler Scientific.
Quick review:
The bond market is comprised of borrowers and lenders. A bond is a contract that spells out the details of the loan.
The borrowers, for the most part, are nations and corporations who have a current need for funds that they will repay in the future at some higher amount. This to entice the lenders to provide them the funds.
The lenders, who buy the bonds, are usually corporations or individuals who wish to preserve their capital but also generate a safe return in the form of interest or a gain in the value of the bond.
Borrowers who can provide their lenders with a higher than average return or a safer than average return have an advantage in the market and will attract investors to their bonds who would have otherwise invested elsewhere.
These “Bitcoin Bonds” are based on the hardest, scarcest money there is. Suddenly they are in competition with fiat bonds which are subject to deterioration due to inflation or regulation. In addition there is a flywheel effect enabling the issuer to buy more Bitcoin which in turn enables them to issue more bonds.
I believe it is only a matter of time until these bitcoin bonds dominate the bond market, forcing a revaluation of dollars vs Bitcoin.
I love to say gnocchi. It’s a very different word, a one-of-a-kind word.
Because the dollar is a debit-based money, inflation is inevitable, Tether or no Tether. Once people grasp this, they will migrate to Bitcoin. Unfortunately, this realization may not hit until Bitcoin hits $500k - $1m.
Bitcoin cannot make the dollar what it is not. Even if it could, there is no benefit in doing so. The world will inevitably migrate to the harder money. But there is an advantage to be gained by the US trading its gold for BTC. That would be a step in the migration.
This is why I cannot understand why a Bitcoin Strategic Stockpile would in any way help the dollar. Let’s let the dollar die as gently as we can.
Why abbreviate and confuse your readers?
You were right the first time, Jeff. It’s a mule deer.
It oughta be pretty close to hunting season there.
I thought about your post for a moment and realized I HAD seen a porcupine in a tree. Very high in the tree at that.
I heard Safedean one time on a podcast describe how there was a self-limiting mechanism to the transfer from Fiat to bitcoin. It sounded very logical to me at the time, but I have not heard of it since and lost track of the podcast.
I can’t understand how people can draw. I’ve never been able to acquire that ability.
You besmirch a man with not one iota of evidence? You have revealed yourself to be the lowest type of human.
What you’re doing MATTERS. Of course you will encounter naysayers, they’re everywhere. CARRY ON.
Russell Napier is an economic historian who is worth a listen.
Talk to unchained.



