Carry Trade Frenzy: Why Bitcoin Will Outlast Wall Street’s Leverage Game
For example, if public debt is compounding higher at a 7-8% annual clip, then liquidity needs to keep pace to avoid financial crises. Think of it as the ‘cost’ of stability. This rate of monetary inflation represents a return hurdle for other assets because it measures the rate of debasement of paper money. Hence, investors need to figure which ass... See more
Michael Howell • The Debt-Liquidity Spiral
Close to my POV as well. Have been a secular “bear” since Q3-24 (although have managed to find bits and points in time to get long). This is a particularly interesting pt today bc of where valuations are and how disenfranchised the grassroots crypto user feels
The best argument I’ve heard from sharp shorts is that BTC i... See more
Definitely Not The Giverx.comThese new ways to exploit the very old sovereign-money system will help to enhance that system and will make it harder for bitcoin and other cryptocurrencies to make inroads into mainstream commerce—at least at the retail level.