Sometimes I miss doing perc nephs… 🥲
Share #bitcoin with those you love and respect.
For everyone else, there’s government fiat.
I read tons of stuff.
My favorite “for fun” books currently are The Wheel of Time series. I’m in the middle of book 12 at the moment.
No, seriously. Read more.
The only thing that smells better is the fragrance of a face-melting short squeeze… which is probably coming again soon.
*sniff*
Smell that?
That's the refreshing absence of stinky degenerate levered-longs in the #bitcoin market after yesterday’s liquidation cascade.
Defund Dystopia.
#Bitcoin
Thanks for the kind words and for the ⚡️!!
Thanks bro. It’s the thought that counts. 😂⚡️
I see two primary narratives in the markets today. Whichever one wins will decide the market direction over the coming weeks/months.
1. Sticky high inflation
- Interest rates creep higher
- Fed must raise the fed funds rate higher for longer
- Net liquidity continues to contract
- Tech/growth and real estate equities suffer
- $btc crabs or falls
2. Disinflation
- Interest rates drift lower
- The "Fed pause" rally reignites
- Net liquidity starts to expand
- Tech/growth and real estate equities rebound
- $btc catches a bid
The incoming inflation data points will decide our fate.
UPDATE: Past week (Feb 22 to Mar 1) changes in US Net Liquidity 👀
Fed reserves: -$42B
TGA: -$96B
Reverse repo: +$20B
NET: +$34B (Prior week: -$92B -- CONTRACTION)
US Net Liquidity EXPANDED approximately $34B from 2/22 to 3/1.
Net POSITIVE for risk assets, ceteris paribus.
Your business + Crypto = 0
Your business + Bitcoin = ♾️
Among other things, #Bitcoin is lightning in a bottle.
Pure. Energy. Money.
⚡️
There’s Bitcoin and there’s crypto… and they are not the same.
https://twitter.com/swanbitcoin/status/1630909463895916550?s=46&t=NCyR3qw1z7F5G9_K91ti_w
March is gonna be nuts on here…
Before social media we had this thing called “work.”