Relax, nothing is under control. Good morning.

Holding gold is kinda like holding Blockbuster with full knowledge that Netflix is eating its lunch, but just wanting to make sure you capture the wave of increased viewership of stuff that’s coming. That, or nostalgia. Also, I suppose gold and Blockbuster cards have some novelty value in common.

spotted a bitcoiner at the grocery store yesterday. someone I've followed, never met, but recognized instantly. felt like two ships passing in the night.

Central bankers come to mind... While you make pretty speeches I'm being cut to shreds You feed me to the lions A delicate balance And this just feels like spinning plates I'm living in cloud cuckoo land And this just feels like spinning plates My body is floating down the muddy river

Many have made reference to bitcoin's 2021 cycle peak as being a 'rounded top' or just not achieving the same level of euphoria as the 2017 cycle. Those that experienced both have instinctually commented that this was the case. One quantitative datapoint that supports that view is in comparing google search trends over the past decade. Indexed to 100, late 2017 was the clear top, with the 2021 peak only hitting about 50% of that level of search intensity. We're currently at just under half of where we peaked in 2021. Will be interesting to watch if bitcoin gathers steam over the next year or two and if if truly captures mainstream attention and public consciousness. Remember, the 100 index high is just a relative measure, not an absolute top. Strap in.

Choose wisely…

If the ETF inflows are real and significant, does this mean we are in the 'drawback' phase akin to the tide going out just before the tsunami hits?

Front page: The Times 03 Jan 2024. Quite the not-so-subtle message on this 15th anniversary of Bitcoin's genesis block: crash landing?

Putting things in perspective... if Saylor is selling 5000 MSTR shares every day until April 25th to buy Bitcoin for himself, assuming the MSTR/BTC ratio stays roughly the same... this means he is acquiring just under 10% of all the BTC issuance until the halving. One person. 10%. 🤯 Carry on...

Universal Beer Income (UBI) Unlike the other UBI, this one was not intended to be equal or 'basic'. Bureaucrats got - *checks notes* - 5 liters, while laborers got 2. 5 liters. Daily.

Two questions: 1) Is this considered financial advice? (I couldn’t find any disclaimers.) 2) If you replace ‘a 5-year CD’ with ‘Bitcoin’, how fast would the author be pursued for reckless financial advice? 🫠

The 'opt-out' mindset is inherently a negative one, albeit tempting. I'd rather be for a better system than against a poor/failing one. Turn that frown upside down. Make an active choice to be better, cheerful and constructive and opt-in to #Bitcoin and a bright future.