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GRANTGILLIAM
grant@primal.net
npub1saxm...u5fv
Bitcoin, Ten31
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GRANTGILLIAM 2 years ago
Stop following dot plots, it’s just a distraction. Focus on bitcoin.
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GRANTGILLIAM 2 years ago
YOU CANNOT FAKE PROOF OF WORK, BUT YOU CAN EASILY VERIFY IT.
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GRANTGILLIAM 2 years ago
TRUST CANNOT BE BOUGHT OR RENTED. TRUST CAN ONLY BE EARNED THROUGH PROOF OF WORK.
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GRANTGILLIAM 2 years ago
Ten31 Timestamp 820,423 Traditional markets generally maintained gains from the past few weeks even as economic indicators continued to look mixed. While non-farm payrolls data for last month came in above expectations and the unemployment rate ticked down sequentially, the latest data for both job openings and US manufacturing continued their downward slides, with job openings looking particularly soft relative to expectations. Additionally, following last week’s report on unrealized bank balance sheet losses once again nearing all time highs, this week saw some additional evidence of growing bank stress, as use of the Fed’s BTFP facility – which is ostensibly scheduled to expire in March 2024 – increased by $9 billion W/W as small bank cash reserves continue to plummet even despite BTFP support. Meanwhile, bitcoin extended its recent run with another +13% gain on the week and is now up over 165% on the year. Notably, bitcoin has been able to put up this impressive move even as interest rates remain at or above 20+ year highs; while we take no view on near-term swings in bitcoin’s price, we think the recent strength in this kind of environment bodes well for a world where central banks may be ending their tightening cycles, investors may be seeking “flight to quality” trades, and blue-chip institutions are preparing to roll out new vehicles to access bitcoin. image
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GRANTGILLIAM 2 years ago
Roses are red, Violets are blue, I’m a bullish schizophrenic, And so am I
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GRANTGILLIAM 2 years ago
Believe it or not I actually haven’t checked the price that many times in the last 90 seconds