Crypto musings…
1. The announcements yesterday were huge. Historical. That we have a $BTC reserve will send a message to every country. This is a very big deal.
2. Allowing Banks to participate will greatly increase institutional adoption.
This might be more important…
Uncertainty comes with all change.
Those who fear it are doomed.
Bumpy road for a few months as positive radical and revolutionary change being attempted.
Medium term results will be hugely bullish for assets.
The move onchain will not stop.
#Bitcoin wins in all outcomes.
Corrupt money corrupts every market, especially the housing market, which is used as an alternative savings account as money is being printed and debased.
#Bitcoin fixes this colossal scam.
I dug through the 13F filings and, by my count, there were 1,573 institutions with long exposure to Bitcoin in Q4 2024.
These include banks, hedge funds, RIAs, family offices, endowments, pensions, sovereign wealth funds, & other asset managers.
Below are some major findings 🧵
My favorite podcast lately has been @BG2Pod with Brad Gerstner and Bill Gurley. Great overview of the tech landscape and venture capital. Worth your time.
The regime believes that if it can control the narrative, it can control reality. Hence the endless demands for censorship, the fake unreported crime stats, the revised economic numbers, the bogus experts, the phony dossiers, and false claims of disinformation. But once in…
If you want to know when the political winds starting shifting in Washington around crypto, I think it was right around the time Wall Street realized this...
If you want to know when the political winds starting shifting in Washington around crypto, I think it was right around the time Wall Street realized this...
Just an observation, not a fact:
- the weakness in #bitcoin over the weekend, has spilled over into financial markets
- most notable in $IWM and crypto equities
QUESTION: Was a major hedge fund/ financial institution caught wrong-footed on $BTC trade and needs to unwind risk?
If I had my investment life all over again, I would just have invested in anything that follows Metcalfe’s Law. I think it is a secular shift via technology and beats even old school high vol/ long time-horizon macro in accumulating super normal returns over time.
@eriz35@keubiko You’ve got it reversed. The ultimate prosecutor/defense team is the stock price itself. If the stock goes down, and investors lose money due to alleged crimes, the regulators/law enforcement get interested. They are pro-cyclical, not pro-active. Archeologists, not detectives.
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