Sasa
Now, the US gov is shutdown...again. The Treasury hedged this by not drawing down the TGA at all after the last shutdown and in fact added more to it (more liquidity drain).
This is the current air pocket we are facing and it's causing brutal price action. No liquidity for our beloved crypto yet.
However, the signs are that this shutdown will get... See more
This is the current air pocket we are facing and it's causing brutal price action. No liquidity for our beloved crypto yet.
However, the signs are that this shutdown will get... See more
Raoul Pal • Tweet
The Zero-Sum Reality
These three markets (AI growth, housing, and Treasuries) collectively represent over $100 trillion in capital. They don’t all need to collapse for Bitcoin to succeed in a negative rho world, but they do need to become less attractive relative to zero-yield alternatives.
That happens in two ways: either rates go deeply negative... See more
These three markets (AI growth, housing, and Treasuries) collectively represent over $100 trillion in capital. They don’t all need to collapse for Bitcoin to succeed in a negative rho world, but they do need to become less attractive relative to zero-yield alternatives.
That happens in two ways: either rates go deeply negative... See more
Jeff Park • What If That Was The Bottom?
Before we get to the crack-up-boom phase in this crypto bull market, I believe the crypto markets will experience a harrowing dump around Trump’s January 20th 2025 inauguration day. Maelstrom will be lightening up on certain positions in advance, hoping to rebuy some core positions at lower prices sometime in 1H25. Obviously, every trader says this... See more