Excellent thank you. Looking forward to part 4. That is my only real critique: the 1929 crash was a hard money cleansing, a world that no longer exists. And perhaps there are rents to be found drawn from fiat debasement that provide income
Just read through the entire series so far in one sitting. Excellent work and elucidating. I believe your predictions will prove prescient. I also believe there is time to profit from the emergence of BTCTCs before it all blows up. Most aren't even levered up yet.
The Jan 26 $80 put is going for $5.00, implied vol about 44
The Jan 26 $100 call is going for $8.60, IV about 47
Therefore I think Mr Market still thinks the long GBTC trade has legs. I would watch the 6 month option space for a turning point. If puts come into favor, it's time to start packing.
Paper money is a scam fraud and an end that causes extinction events always as history repeats,, there is no escape but by thinking on your own about survival terms NOW !
Thank you for the reply. I agree with your post. If you hold more dollars than you need to pay your bills, the extra dollars are depreciating in value, while real assets are going up. Regarding Bitcoin, for its price to continue appreciating not only must current owners continue to hold their coins, but new money must enter the space. As long as it is going up rapidly, that probably won't be a problem. I just wonder how long that can continue for something that, as far as I can tell, is only valuable for the underlying blockchain. I know this isn't a popular opinion.
Great article bruv! I wonder how this will end 🤭
Is a distinguishing factor that we are in fiscal dominance now ?
Truly an excellent read, and a wonderful analogy.
The treasury strategy still feels in its 3rd innings here though. If so, then this has legs.
Perhaps the burst comes when the Michael Howell liquidity drops off into 2026. In the meantime, this thing has the potential to be much much bigger.
So the question is, knowing this, do you want to dance, and if you do dance do you know when to stop?
Excellent thank you. Looking forward to part 4. That is my only real critique: the 1929 crash was a hard money cleansing, a world that no longer exists. And perhaps there are rents to be found drawn from fiat debasement that provide income
Your headed in the right direction...
A great piece of historical analysis 🙏🏼
Just read through the entire series so far in one sitting. Excellent work and elucidating. I believe your predictions will prove prescient. I also believe there is time to profit from the emergence of BTCTCs before it all blows up. Most aren't even levered up yet.
Man, this is great (I mean scary, but great writing); you should write a book on that.
Amazing and original content, read and re-read.
What could a conservative investor do to mitigate a possible 1929 scenario?
Looking at GBTC options for a signal...
GBTC closed Aug 7 at 91.71.
The Jan 26 $80 put is going for $5.00, implied vol about 44
The Jan 26 $100 call is going for $8.60, IV about 47
Therefore I think Mr Market still thinks the long GBTC trade has legs. I would watch the 6 month option space for a turning point. If puts come into favor, it's time to start packing.
Buy gold and bitcoin short the S&P 500
9 more years?
nice work!
Fantastic piece! Looking forward to part IV!
Superb writing and research, thanks.
Very good article that I read after Le Shrub re-stacked it. Tick tock. 😳
All Crypto currency is wasted blocks of electricity.
Paper money is a scam fraud and an end that causes extinction events always as history repeats,, there is no escape but by thinking on your own about survival terms NOW !
Well stated case, and like most things…. Timing is Everything!
Thank you for the reply. I agree with your post. If you hold more dollars than you need to pay your bills, the extra dollars are depreciating in value, while real assets are going up. Regarding Bitcoin, for its price to continue appreciating not only must current owners continue to hold their coins, but new money must enter the space. As long as it is going up rapidly, that probably won't be a problem. I just wonder how long that can continue for something that, as far as I can tell, is only valuable for the underlying blockchain. I know this isn't a popular opinion.