Nonsensical questions that fiat brains ask:
- What backs gold?
- What backs the sun?
- What backs Bitcoin?
A gentle reminder that proof of stake #crypto and #stocks have nothing relevant to do with proof of work #Bitcoin.
If you're spending any time comparing the former with the latter, then it is time wasted.
Fiat currency is literally designed to rob its users of their purchasing power over time, to the benefit of its issuer; that is, the government.
Being robbed of purchasing power over time creates an ever present, ever increasing desperation amongst the working class.
As desperation and frustration increase, so too does acts of violence and the imminent desire for change.
Geopolitical tensions increase, setting the stage for the next fourth turning.
As these tensions culminate in the coming years, never forget the root cause of the inevitable societal collapse and necessary reorganization: fiat currency.
I implore you to study and understand why #Bitcoin is better money for a better world.
Fiat is currency of the government, by the government, and for the government.
Bitcoin is money of the people, by the people, and for the people.
I’m not into Treasuries. More interested in corporate debt, senior credit, munis, etc.
Fixed income is offering a reasonable alternative to equities for the first time in a very long time.
This is good... and serves to wring-out market excesses and degenerate leveraged longs.
Creative destruction will continue until morale improves... and it will, actually, improve.
UPDATE: From Oct 4 - Oct 11
US net liquidity roughly INCREASED by +$57.7B.
Fed balance sheet: -$3.7B
ORR: -$102.6B
TGA: +$41.2B
OPINION: This is generally net positive for risk assets, all things being equal.
Net liquidity still rangebound since late-April 2022, but it has been trending materially higher since late-September 2023 lows.
DYOR
🔥🦀🔥
It's 2023.
If you still think "Bitcoin is a scam" then, frankly, you're just plain stupid.
Winning.
Great friends and family. Fire pit. Lots of laughs and love. 🧡 
UPDATE: From Sep 27th - Oct 4
US net liquidity roughly INCREASED by -$13.8B.
Fed balance sheet: -$46.2B
ORR: -$100.8B
TGA: +$40.8B
Mildly net positive for risk assets, all things being equal.
DYOR
🔥🦀🔥
The fiat currency system exists to methodically extract purchasing power from its participants.
Today is as good of a day as any to start being your own bank.
Preserve and grow your purchasing power over time with #Bitcoin.
I am greatly constrained in what I can say/write by my profession.
Frankly, I’m just sorry that we couldn’t get the government shutdown done.
Maybe next time. 🤝
Over the past (almost) two years, this is the time where I usually tweet:
Beware the Bart.
However, it’s Uptober. And #bitcoin price has a hard time staying down in October—and the 4th quarter of any year.
Macro data still looks bleak, but I’m optimistic the $btc will find a way to climb the proverbial “wall of worry.”
Not investment advice, obviously. And I’m usually wrong, so don’t @ me.
Head down. Work harder and smarter. Keep stacking sats.
The next 24 months should be *interesting* at the very least.
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This morning’s sick view during our workout. 😍 
I don’t actually remember. Possibly from Bitcoin Magazine’s merch shop?
For the few care about my macro nonsense…
UPDATE: From Sep 20th - Sep 27th
US net liquidity roughly DECREASED by -$19B.
Fed balance sheet: -$22B
ORR: -$44B
TGA: +$41B
Mildly net negative for risk assets, all things being equal.
DYOR
🔥🦀🔥
Watch Chinese liquidity via PBoC actions.
Or, alternatively, watch the price of #bitcoin.
👀
