
Cogito Ergo Sum | Ex-@krakenfx | Partner @Novablock_Cap | @ForbesCrypto Senior Contributor | Economics @Penn
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Joined February 2015
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My heart is with Israel today, three years after the senseless massacre of over 1,200 beautiful, innocent souls.
The event affected my immediate family as well. My sister, her husband, and their two young children were living in Jerusalem when it happened. They no longer felt safe and made the painful decision to move back to the US.
Luckily, the Jewish community in New Jersey embraced them, but the trauma of uprooting their lives, and personally knowing families who lost loved ones, has stayed with her.
Three years after October 7th, Israel remains stronger than ever. Even in the face of rising anti-semitism globally, I have never been prouder of my Jewish Israeli heritage.
🇮🇱 Am Yisrael Chai 🇮🇱
Bond yields, inflation and our fiscal crisis are directly at odds with each other
Hike rates to quell consumer demand and bring down inflation → the debt burden becomes even greater, and you get more inflation later
Suppress bond yields by printing money → greater inflation now
All roads lead to inflation and the erosion of the USD
Rising bond yields are the smoking gun
Markets already know, politicians hope you don’t
We’ve built crypto for human adoption, but its biggest users may be AI agents.
@BlackRock's new paper connects stablecoins, compute, and agents that could generate orders of magnitude more transactions.
We may be sizing crypto’s opportunity around the wrong user.
Russia signed crypto regulation into law.
Japan signed crypto regulation into law.
Moldova signed crypto regulation into law.
The UK signed crypto regulation into law.
Kenya signed crypto regulation into law.
Kazakhstan signed crypto regulation into law.
The EU has MiCA.
The U.S. had CLARITY on the floor and it failed.
What a joke 🤦♂️
For the AI doomers out there, what is the actual steelman argument for how AI will eradicate all of humanity?
I have not seen a single coherent argument that mechanistically describes how this would happen.
Will AIs take over robots to form a physical army bent on exterminating all humans (ala Terminator)?
Will AIs infect individuals and groups with ideology to carry out mass destruction, and give them the tools to do so?
Will AIs break into our electrical grid and destroy our infrastructure?
What are the actual scenarios that would lead to the outcome, and why are you so sure safeguards will not be able to proactively prevent this progression?
The “debasement trade” is a dumb concept. It’s just a new name for something that’s always been true.
Governments are constantly debasing their currencies. That’s why high-quality and hard assets appreciate over time.
Markets still have cycles of expansion and consolidation. Money printing only supports asset prices over the long run.
Remember when all the "experts" said @Strategy was the only big bitcoin:native buyer left and if they ever stopped buying, BTC would immediately teleport to new lows?
Strategy hasn't bought a single sat since June 21 (at ~$67k).
Instead they sold 6,916 BTC for ~$429 million.
BTC is now ~$78k, 16% higher than when they last bought.
Still waiting for that teleportation.
Man, can't believe I got psyoped into seeing the new Spider-man movie in theaters.
So overrated, the story was mid, the main villain underwhelming and plot holes galore.
One possible path for the crypto market: it inches higher going into August on Clarity hopium
Clarity then gets rejected and the market nukes to new lows, finally setting in the capitulation bottom
Bull market resumes from there, another 4 yr cycle completed
If you’re a decently well-read individual, you’ll come off as a modern day Seneca. The bar has never been lower
Over the course of a year, Americans are more likely to place a gambling bet than read a single book. Seems fine! (via @TheAtlantic) —
While crypto Twitter obsesses over DeFi hacks, rug pulls, Saylor selling, Tump dumping memecoins...
All of this is noise, the only thing that actually matters:
#Bitcoin was created to protect your wealth from governments and central banks printing trillions on a whim and stealing your purchasing power through inflation
Satoshi built it in response to the 2008 bailouts, when they saved the banks by robbing everyone else
$39+ trillion in U.S. debt later, the printers haven’t stopped
Bitcoin is still doing exactly what it was designed to do
Block after block
Get on board. Or get left behind ₿
So @Saylor’s strategy is to buy high and sell low?
He really is one of us 😂
Interestingly, the market served as a self correcting mechanism, not allowing @Strategy to accumulate over 5% of the BTC network
I think it will be hard for Saylor to get over that threshold and all calls for Strategy's collapse have been greatly exaggerated
Given their cash position, they can do nothing for the next 1.5 years, ride out the bear market and be fine
Strategy announces a Digital Credit Capital Framework designed to strengthen Digital Credit, enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation. $MSTR $STRC strategy.com/press/strategy-…





