I sat down with @preston to talk about:
- Acceleration of the debt spiral
- Abysmal Treasury auctions
- The Bank of Japan’s problem
- Bitcoin as a corporate treasury asset
- Bitcoin as the hurdle rate
- much more
High octane signal.
The smart money knows what stands in front of them in bitcoin. It is a long term store of value asset that is extremely liquid, will be there in times of need, and will only see increased adoption as more people wake up to this truly unique utility.
A recession looms in the US.
Jobs numbers 📉
Unemployment 📈
Stock markets 📉
National debt 📈
CRE 💣
VIX 📈
Meanwhile bitcoin's fundamentals are strong.
Morgan Stanley opened the floodgates
Vol is flat
Hashrate at ATH
Trump is still pumping the coin
Could Tether bring stability to Treasury markets?
What if the Treasury issued bonds backed partially by bitcoin while also building a bitcoin stockpile to pay back debt over the long run?
This is what a multi-decade soft landing would look like to me.
The only way to attempt to begin to solve this problem is to usher in a sound money standard and deregulate markets as quickly as possible so that prices can fall and people can actually pay for the things they'll need to survive in their retirement years.
Proton Wallet launching and Fold going public are a validation that bitcoin brings resilience to business stacks and products.
Whether that's in the form of a superior monetary asset that preserves wealth over time or enables companies to leverage a payments infrastructure that is immune from third party control.
We're in uncharted territory and it is undeniable to me that we are currently living in a Banana Republic ruled by people with no regard for the American people or their political will.
The last @RABBIT HOLE RECAP ever is this Thursday and you have to be there in person in Nashville to see it. The @PUBKEY team is working with us to put on the best send away show you freaks can imagine.
Get your tickets here:
https://pubkey.bar/rhr
Economic anecdote from the field: there’s an abnormal amount of parking available for mid July in my shore town. Usually jam packed this time of year. Shows on the beaches too.