Elon is turning X into a safe space. Pretty woke.

Not falling for Project Blue Beam

The speculative attack is on. @Nik Bhatia explains how it’s happening via the corporate debt market as we speak. Must listen.

Treasury yields up alongside commercial real estate mortgage backed securities delinquency rates. Wouldn’t be surprised if there’s a banking liquidity crisis on the horizon.

2025 will be the year of acceleration.

My goal in 2025 is to be even more militant about widespread bitcoin adoption. The world is immersed in chaos and nothing can be fixed until people understand that the money is broken and they need to adopt the solution. Fix the money, fix the world.

If you watch one thing today, make it this.

The mass of men lead lives of quiet desperation and it is because they don't see a way out of the nihilistic rat race created (unknowingly to most) by the money printer. This is the root of the problems in America today. Everything else is noise. View article →

If you want to get away from the high-velocity trash economy and toward an economy built by and working for the American people you need to fix the money. People need to be able to work blue collar jobs and store the fruits of their labor in a money that cannot be debased by central planners. Central planners should not have the ability to issue debt, print money ex-nihilo and through it at unproductive endeavors without opportunity cost or accountability. Those closest to the central planners shouldn't be able to benefit unduly compared to the Common Man. The central planners should not be the ones planning. Immigration policy and DOGE don't fix this. Bitcoin does.

This year's investor letter from Stone Ridge did not disappoint. Ross Stevens is one of the brightest minds in the space and his humility is unmatched. While everyone is focused on the bitcoin backed lending part of the letter (which is extremely exciting in its own right), I haven't seen anyone point out the message underlying the entire letter; Stone Ridge + NYDIG + other Stone Ridge subsidiaries are setting out to rethink how banking as an industry should work from the ground up. Truly thinking disruptively.

A lot of focus on “fair wages” but no focus on fixing the broken money during this H1B debate. Striking at branches instead of the root of the problem; the USD system is *literally* designed to work against the American worker.

Elon resorting to overt censorship and algo manipulation because he was getting ratio’d will be looked at as the mask off moment.

@Will Cole and I did our best to orange pill the WAR MODE guys from first principles. I think we successfully transitioned Billy and Spud from precoiners to proper coiners in less than 3 hours.

Many are proclaiming that the end of this bull market is here. Don't listen to those who have been hate tweeting bitcoin all the way up this year. They've been looking for a correction to bask in schadenfreude and confirm their biases. View article →

That's him. The man who called for a supercylce.

This picture is beautiful.

Don't sleep on this bitcoin pump being driven by Chinese capital flight.

Hilarious that Vinny’s idea is for the government to spin up a mining pool to build the bitcoin reserve considering mining pools are notoriously terrible businesses with razor-thin margins. The path of least resistance is to print and buy bitcoin. There are a number of things that aren’t an overt speculative attack they could do before they resort to that though; bitcoin backed treasuries where the buyer participates in upside bitcoin appreciation, converting revenues from federal services into bitcoin, and a litany of straight forward low hanging fruit. Taxing bitcoin purchases and sales is egregious theft and a state run mining pool would be poetic because it’s what you would expect from a government known to waste resources while producing sub-par services.

“We’re going to destroy ESG. It’s already destroying itself.” Turned out to be pretty prescient.

In 2020 it was considered insane to call out ESG + DEI policies for their overt Communist undertones, rejection of economic first principles and a move away from meritocracy. I was constantly derided. "Marty, shut up! We need to fit bitcoin in the framework." Very happy to see that sanity is prevailing and we are returning to merit and common sense. Lessons learned: Never bend the knee. Own the frame. Time is on your side.