stay focused

#Bitcoin is the only liquid asset that trades 24/7 and sometimes pays the price for this during weekends of potential World War, as investors too clever for themselves seek something, anything to sell before markets open again on Monday.

The year is 2033. A Hershey's bar costs $39, the average home costs $2.7M, US Debt has crested $90T, and Vanguard investors are wondering why they weren’t allowed to buy #Bitcoin when it was still under $100K.

Good evening. I’ve been getting a lot of questions re: The Fed and QT. Going to make this as simple as possible for everyone. The Reverse Repo (RRF) is basically a slush fund where excess cash has been parked since QE 2020. The Treasury has been using the RRF to fund its needs by issuing short term T-Bills. The RRF is down to $500B from a peak of $2.5T. When the RRF is drained, the Treasury needs to find new capital. It will do this by issuing longer dated Treasuries. This will cause the banks to use their reserves. There are currently $3.5T in bank reserves. When bank reserves drop to $2.5T the Fed and Treasury get nervous. Why? Because they worry about another liquidity crisis like Sept 2019 when the overnight rates spiked when banks basically ran out of liquidity at the same time that the Treasury issued a pile of unexpected debt. There are a number of reasons for this I won’t go into. And so, when the RRF is drained or near drained, the Fed slows QT (selling the bonds they bought in 2020-2021 to add liquidity in the markets. This is also what helped create the excess slush fund of RRF). And then, when the reserves hit $2.5T, QT ends. Why? The Fed cannot compete with the Treasury for liquidity at that point. Because the last thing the Treasury can have is disfunction in a Treasury auction. And so, QT ends. And the next step will be? QE. More cowbell. More. slush fund. Wheee. Hope this helps. Have a great night.

Greenpeace should just be dissolved at this point.

You can go along with mainstream narratives or you can critically think. But you cannot do both. Choose wisely, as your future depends on it. #Bitcoin.

#Bitcoin  has just bumped #silver to become the 8th most valuable asset in the world. All else held equal... at $105K, it jumps Saudi Aramco, at $137K, it enters the top 3, and at $153K, #Bitcoin  becomes the second most valuable asset in the world.

When you live in the #Bitcoin world for a few years, it’s truly difficult to imagine that bad takes are not malicious. In truth, they are almost always merely just from ignorance. Reminders that we are still so early.

Five companies (AAPL, MSFT, GOOGL, AMZN, and META) are hoarding a combined $517B of cash. A mere 1.67% of that is equivalent to the $8.5B of total net inflows into the #Bitcoin  ETFs, so far.

Prediction: The Fed 'successfully' tackles inflation and brings it back down to 2%. Then the discussion about changing that target to a range (somewhere above 2%) begins.

Less than $50B left in the Treasury General Account. Tick tock…

We are reminded once again today that inflation is nothing more than stealthy theft from the masses. There is absolutely no other way to put it. Full stop.

So, my last few critical posts about the Fed have been severely choked on Twitter. Problem is, I don’t yet know how to properly post my long threads with charts and photos on here. Is there a good resource for me to learn this from??