4 ms·
Bitcoin ETF. 4 year halvening cycle. US Feds expected to print dollars this year.
by factorialboy 3y ago
Bitcoin ETF.
4 year halvening cycle.
US Feds expected to print dollars this year.
- JumpCrisscross 3y ago> Feds expected to print dollars this year This is the answer. There is a spread of expectations around what the Fed will do. I’ve been hawkish, figuring since last year that rates will stay higher, for longer, than the median expectation. Silicon Valley has been dovish. (In my opinion, aspirationally.) Crypto, for obvious reasons, appeals to those predisposed towards dovishness. (It sounds contradictory. But if you believe the Fed is fucked you’ll always predict imminently-lower rates.)
- ProllyInfamous 3y agoI remember back in 2019, when a former hedgefund manager (friend's dad) asked in disbelief: "So there will NEVER be a supply increase, beyond 21 million BTC?!" Me: "correct" Tiger Cub: [begins converting a large single-digit percentage of his assets from Dollarydoos to BTC]. ---- Early 2023, I'm asked "so this ChatGPT thing, who else besides NVDA is making all the hardware?" Me: "awkshually, NVDA nor Apple nor AMD actually make their microchips — it's TSMC, using ASML machines. You should look at MSFT's recent $1,000,000,000 investment into OpenAI, the maker of ChatGPT." [a few days later, MSFT announces additional $10B over a decade investment] ---- His family chartitable foundation gave away so much money this past year [for tax reasons == profits]. ---- My take on bitcoin, having been a fungible user since 2012: it's not that BTC protocols are "so great" (they're not); rather, it's that fiat currency is so terrible... is why I HODL.