Palau: Did you know this tiny nation was the first in the world to create a shark sanctuary, banning all shark fishing in its waters? Is this a model for #conservation or a complex issue impacting local livelihoods? #ocean

Lyn. Serious question.

What percentage of Hyundai drivers make it to 16 yrs?

Gotta be less than 1%

Maybe 0.1%

That is like lifetime achievement award shit right there 🏆

Those measuring the system from inside of it are likely very confused today.

#bitcoin

A lot of market participants expect capitulation from Trump, but imo the more likely outcome is little/no capitulation, at least for a while, but instead attempts at shifting the blame of the costs and some mild verbal capitulations to calm market a bit. Like it's the Fed's fault for not cutting rates, and things like that.

Rebalancing decades of imbalanced trade policy does not happen without pain. The issue is that the administration marketed it as being relatively painless, as any politicians would. And many voters bought into it. So it's not to an easy problem, and it's a noble goal, but there was a mismatch between what was promised and what is possible, as is often the case.

Some interesting semi-capitulation points to watch: will Bessent maintain the high rate of Tbill issuance for liquidity that he criticized Yellen for? Will Trump shake out his inner circle and use several of them as scapegoats?

I remember back when Israel went into Gaza, and markets took a hit, bitcoin was down notably and many tradfi macro folks who I otherwise respect for good market analysis were like “Why is bitcoin down today? I thought it’s a safe haven, lol.”

Similarly, today when bitcoin is up amid market turmoil, the bitcoin bulls celebrate it.

I’d be cautious about all one-day moves. If you over-emphasize them, you risk looking like someone with a memory of a goldfish, or otherwise operating with selection bias.

However, a point I have made in the past, and will repeat today, is that there are different types of risk-off events. A risk-off event that hurts liquidity is likely to hurt bitcoin. A risk-off event that demands more liquidity, or that is unrelated to liquidity (eg tariffs attacking corporate margins), is more likely to benefit or at least kind of spare Bitcoin.

Focusing on Bitcoin as a risk on or risk off asset is first level thinking. People who understand it deeply and self custody it tend to view it as risk off period, for good reason. But not always in terms of price. In terms of price, whether it functions as a risk on/off asset varies based on what type of risk on/off catalyst it was.

This catalyst risks hitting margins, not liquidity, and thus so far the reaction makes sense. But it still pays to be careful not to celebrate one-day moves too much.

Cautiously bullish.

This smells great,and works.

I have it in the bedroom and the scent helps me sleep better aswell.