For those keeping score at home: New high on the EU 30 Year bond yield. EU05Y as well. Imagine locking up your money for 30 years in exchange for 2.5% annually paid in EUROS 😂 Complete garbage.

Twitter coins are pathetic.

Once you get used to storing your wealth in Bitcoin it gets really hard to buy assets that you don't have full control over. Throw in unpredictable supply, limited portability, operational risk, and counter-party risk and very few assets look as appealing as they once did.

Of all the places to store the hard won fruits of your labor... Imagine trusting a scarf-wearing convict and putting it in sovereign debt backed by a hodgepodge of aging + bankrupt countries.

Some popular traders on Twitter that have been bearish since 15K are starting to sound desperate for the orange coin not to bust through 25K 😂 Feels good to stack and chill.

China is spreading utterly false propaganda saying that the US creates $100 for only 17 cents, which is unfair because it buys $100 worth of real goods from the rest of the world. Fact Check: Dollars cost 0 cents to create since they're digital now.

USD hegemony is a matter of life and death. Reserve currency status lets the US run multi-Trillion dollar annual deficits while being >$30 Trillion in debt. And deficit spending funds real-world military growth. Global seignorage provides a huge military advantage vs. enemies.