Met some nice folks at a restaurant in NYC tonight. They work in finance and when I asked if they invest in Bitcoin they said, “No.”
“Why not?” I asked.
Responses:
“It’s a Ponzi scheme.”
“It’s not a company with cash flows and products.”
“My $NVDA outperformed Bitcoin.”…
Last summer, whenever I posted this plot, my comments were filled with, "All your models will be destroyed!"
That doesn't happen as much these days.
The model, in fact, was not destroyed.
FED OFFICIAL (urgent, behind closed doors)
"We can’t sell the bonds. The foreign buyers didn’t show. Not China. Not Japan. Not even the Saudis. Nobody wants our debt. The auction failed."
PRESIDENT (live address):
"Let me be absolutely clear with the American people: the U.S.…
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Global M2 Money Supply vs Bitcoin
🔹 CONTINUES TO BE BULLISH. Global M2 has remained at an ATH for 3 days in a row. This is a fantastic sign for what it signals will be coming into risk assets in ~108 days. (See upper-right corner of chart)
🔹 DIP BUYING OPPORTUNITY? Global…
Global M2 Money Supply vs Bitcoin vs Stocks (S&P500)
Will the local bottom be in around April 6th? (see white dotted line).
Stocks are notably taking a worse hit than BTC. BTC has thus far remained impressively resilient.
M2 blast-off begins May (green dotted line). Will BTC &…
Bitcoin
The degree of pain you’re feeling right now is directly proportional to the amount of hopium you’ve consumed this bull market.
If you’ve been following data-driven, realistic accounts that don’t peddle hopium like “$500K” or “$1M in 2025,” you’re chilling 😎
$BTC monthly
You've seen this chart before, but today I want to draw your attention to the initial trendline rejection circled in red.
Last March, BTC felt unstoppable as it ripped past the prior cycle's peak and even closed above it.
But the monthly trendline on closing…
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