Tiny Himalayan kingdom Bhutan confirmed it has been running a #Bitcoin mining operation by using abundant hydropower resources.
https://www.forbes.com/sites/iainmartin/2023/04/30/bhutan-bitcoin-mining-crypto/?sh=39697d121f1b
#Bitcoin (BTC) is Goldman Sachs’ best-performing asset of 2023 in YTD volatility-adjusted returns.
The bond market until very recently seemed to be betting on a recession. The 10-year US treasury bond yield was at 4.078% as of 2 March. By 26 April, it had fallen to 3.38% Has the interest rate forecasts been altered?
https://twitter.com/macroalf/status/1651241922697068545?s=46&t=0ppazzaIIzc2kG7NACZPpw
Important idea for investors to ponder: ”Markets can remain irrational longer than you can remain solvent” John Maynard Keynes
A bull market is like sex. It feels best just before it ends. (Barton Biggs)
It’s OK to be wrong. “It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.” George Soros
#Bitcoin and #gold are backed by the same thing - energy. However Bitcoin’s energy expenditure is the tie in between the real world and the digital world.
Stock market is pricing in the Fed pivot.
“In next Q, we could see risk assets rally. You could have a feel-good period & reality catches up, If we’ve been taught anything this month, you may see it coming, you may not, you don’t know exactly where it’s going to hit. But once it hits, whatever you own, you own” jpmorgan
Sh*t’s going to hit the fan. 👇
We are seeing panic in the banking sector vs rise of #Bitcoin. 👇
https://twitter.com/bfmcrypto/status/1636772056267214848?s=46&t=0ppazzaIIzc2kG7NACZPpw
The "safest asset in the world" is the riskiest asset in the world.
Bank Treasuries buy bonds as liquid assets for their balance sheet, but they hedge most if not all interest rate risk using swaps. 👇
https://twitter.com/macroalf/status/1634208825916964864?s=46&t=0ppazzaIIzc2kG7NACZPpw
Buy signal confirmed 😉👇
https://twitter.com/bitcoinnewscom/status/1635413504672030726?s=46&t=0ppazzaIIzc2kG7NACZPpw
“The US is supposed to be a capitalist economy, and that's breaking down before our eyes. “ 👇
https://nypost.com/2023/03/14/svb-bailout-shows-capitalism-is-breaking-down-ken-griffin/amp/
It seems that Quantitative tightening will end very quickly.
Money today moves at the speed of internet. The government needs to act fast & decisively. #SVB #USDC
Cathie Wood's Ark Investment Management has earned more than $300mn in fees on its flagship exchange traded fund since its inception nine years ago, while wiping out almost $10bn of investors' cash in the same period.👇
https://www.ft.com/content/7930fbf7-d2d6-464c-9ffa-20efcf58e21e
WSJ got it right: Silvergate's story Is about fundamentals, not just crypto. 👇
https://www.wsj.com/articles/silvergates-story-is-about-fundamentals-not-just-crypto-30f08fc6
Silvergate Bank ceases operations. It seems that is going to be difficult for some time to get more liquidity into the digital asset ecosystem. 👇
https://twitter.com/hedgeye/status/1633898535371386882?s=46&t=0ppazzaIIzc2kG7NACZPpw