Bitcoin
Gold didn’t stop being gold. Art didn’t stop being art. But all of them started to generate income while retaining their role as a store of value.
Bitcoin is not an exception to this rule. It’s just next in line.
Bitcoin is not an exception to this rule. It’s just next in line.
BTCFi on Sui: Turning Bitcoin Into Programmable, Productive Capital
Art followed a similar path.
For centuries, it was a passion asset, a canvas-bound vault for the wealthy. Then Sotheby’s launched a financial services division.
Art-backed loans took off. And in 2024, they packaged $700 million worth of art-secured debt into investment-grade bonds.
A Rembrandt may still hang on a wall, but it now funds interest paym... See more
For centuries, it was a passion asset, a canvas-bound vault for the wealthy. Then Sotheby’s launched a financial services division.
Art-backed loans took off. And in 2024, they packaged $700 million worth of art-secured debt into investment-grade bonds.
A Rembrandt may still hang on a wall, but it now funds interest paym... See more
BTCFi on Sui: Turning Bitcoin Into Programmable, Productive Capital
Yet history keeps proving that permanence eventually invites productivity.
BTCFi on Sui: Turning Bitcoin Into Programmable, Productive Capital
Once there’s trust, infrastructure, and liquidity, the market always finds a way to extract productive value, even from assets originally meant just to preserve it.
The moment a store of value is secure enough to be trusted, it becomes too valuable to remain idle. It becomes a productive asset. It starts generating yield.
The moment a store of value is secure enough to be trusted, it becomes too valuable to remain idle. It becomes a productive asset. It starts generating yield.
BTCFi on Sui: Turning Bitcoin Into Programmable, Productive Capital
Institutions are finally getting a way to earn real yield on their Bitcoin — without giving up custody or taking on bridge risk. Enter lstBTC, a new institutional-grade Bitcoin yield product from CoreDAO and Maple Finance, designed to turn idle BTC into a performance asset. Backed by trusted custodians like BitGo, Copper, and Hex Trust, lstBTC enab... See more
Asymmetric Market Update™️ #30
Looking ahead, the wealth divide will likely accelerate and today’s social tensions must inevitably rise. But, much like in 1920s Germany when hyper-inflation savaged the post-WW1 economy, there was also a widening split between young (stock speculators) and old (bond investors). In today’s monetary inflation World, many young (crypto investors) ar... See more
Michael Howell • The Debt-Liquidity Spiral
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
- We think Bitcoin (assuming the Trump rhetoric is delivered) is a clean buy over the course of the year. We could envision some early-year weakness for technical reasons. But any dip is a buy to hold for much higher levels later this year.