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Andy The Bitcoin Adviser
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Partner at The Bitcoin Adviser and Loan my Coins, Stacker of 🌽, bitcoin is our pension fund!

Yeah just saw that, I’d suggest that would be shocking but is anything at the moment!

Is the current game to short the US banks into oblivion 1 by 1? Who’s next after first republic?

Should come up with a line of ā€œ#smsf was designed for #bitcoinā€ tshirts.

ā€œThe Bank of England has warned insurers to ā€˜exercise moderation’ as they consider a wave of corporate pension deals driven by higher interest rates. These rate increases have improved the funding levels of companies' retirement plans, resulting in a majority of schemes now in surplus. This has catalyzed the market for corporate pension deals, where schemes pay a premium to transfer their liabilities to an insurer. However, concerns have grown about the capacity of the insurance market to absorb these schemes. Charlotte Gerken, executive director of insurance supervision at the Bank of England's Prudential Regulation Authority, urged insurers to balance short-term financial incentives with long-term financial strength.ā€

Wouldn’t want to be in a UK pension scheme, the incentives can’t be lined up correctly if corporates are trying to jettison funds to insurers who have no long term incentive to care about the workers involved.

Buy #bitcoin and self custody.

https://www.ft.com/content/c9533569-1035-4134-8455-069de2fe6f8c

My kid’s birthday in 2 days he’s very excited that the halving might happen on it next year.