Hiking and Kayaking Around Mousetail Landing State Park (Linden, TN) School's Out Blitz! When Emily's school let out we hit the road. The first stop was Mousetail Landing State Park (near almost nothing but maybe Linden, TN). We are hikers and the hiking in this part of the state is not the best but we were surprised with Mousetail. The trails were better than expected, the campground was one of the nicest we've been in, we hit the water in our kayaks, and the food we had in nearby Parsons, TN was great. Mousetail Landing FTW!

Hiking to Buggytop Cave & Sewanee Natural Bridge @ South Cumberland SP Lost Cove Area (Sewanee, TN) While in the Sewanee, TN area I needed to check some final destinations off my South Cumberland State Park list. We had not made it to the Lost Cove Area on other trips. Buggytop Cave was the first destination so we hiked a few miles to get there. It was worth it! Much more impressive than I thought it might be. We hit the Sewanee Natural Bridge quickly before returning to Chattanooga for our final Molly graduation weekend celebration.

Listening to Rogan and Post Malone taking about CBDCs today and they were like “uhh…hell nawh”. Many in the mainstream don’t get #Bitcoin (or own any). But a lot of mainstream people understand where CBDCs are heading. I wonder if that will be a hill the majority die on. Perhaps. I’m not holding my breathe, however. Many of those truly worried about them will eventually discover Bitcoin as their solution. I think it is inevitable. These people won’t be purchasing my coins, however. Sorry…not sorry!

The monster tomato plant is ready for another run. I picked everything that was ready. Still has a ton of tomatoes on it. Still has a ton of blossoms being added. I’ve been eating tomatoes nonstop and many more to go it looks like. It looks like white trash since it has taken over my patio. I’ll take it. I never thought it would do this well.

Molly's Nursing School Graduation We've put 3 kids through college but this is our first college graduation. The first two graduated during COVID so no graduation for them (GRRR!). Preston is a 2nd-grade teacher in Nashville. Emmaline is an Event Coordinator in Orlando. Due to pent-up celebration anxiety, we went hard for Molly's graduation from nursing school at the University of TN in Chattanooga. She graduated with her BSN RN, recently passed her NCLEX, and started her job at St. Thomas Midtown last week. 3 down, 1 to go...Max is on the clock!

Saylor is bullish. Imagine that...but he is currently VERY bullish. I agree with him completely. By the way, he has been directionally correct about pretty much everything I've ever heard him talk about. Clarity in regulations has increased. Bitcoin is different and clarity has increased, while clarity in other crypto has only worsened. More people/institutions are likely going to want to buy Bitcoin. Very few can easily do it. Many individuals don't know how to do it but would do it if they had access via their traditional channels. These are not as good as buying/holding your own on-chain Bitcoin but viable models for many of these people. Institutions have investment mandates that don't allow them to invest in the asset class. They also have to stand-up the infrastructure to custody this type of asset within their walls. This is not an easy thing for them to change (it will take time). Continuing improvements in regulatory clarity and investment access (think spot ETF) will make everything easier for everyone. Even if all these people begin allocating to it there are not many sellers as new money comes in. Exchange balances are as low as they have been since 2017 bull market (2.27mm Bitcoin now, down from 3.1mm at 2020 peak). See chart here:

MacroMicro

Bitcoin Exchange Balance (Total) | MacroMicro

Exchange balance of bitcoin increases when institutional investors are depositing their cryptos

Add to this an upcoming halving within the coming year (block reward goes from 6.25 down to 3.125 per block). Blocks occur about every 10 minutes (so 900 new Bitcoin a day become 450 new Bitcoin a day). This will make Bitcoin's stock to flow ratio 120 (it is currently 56). Gold's stock to flow is 62. The next halving will make Bitcoin more scarce than gold. Another reason Bitcoin is better than gold as a store of value asset. Demand UP + Supply FLAT/DOWN = PRICE will need to rise to unlock supply. I think he is directionally correct here as well. Bullish Bitcoin! [Runs Through Brick Wall.gif] Great interview @nat brunell and @Michael Saylor

Spotify

Michael Saylor: Spot Bitcoin ETFs, The Halving & Bitcoin's Next Bull Run

Coin Stories with Natalie Brunell · Episode

I wanted to say thanks for all the content you put out @preston Since 2008 I've known something wasn't right with the world. I've listened to the We Study Billionaires podcasts for years (started back in 2014). I was trying to understand how to preserve wealth in a centrally planned world. Your late-night Youtube live streams back in late '18-20 discussing macro events/Bitcoin along with '19+ content on your show really flipped the switch for me with Bitcoin. I became a HODL’er in late 2019. Learning about Bitcoin was also an education into what the problems are with our financial system. I've spent a great deal of time trying to learn about all kinds of areas of investing. I don't know that I have it all figured out, but I know why I'm doing what I'm doing to combat the problems I know exist. That hasn't always been the case. You've been a huge resource for me. I'm just one guy out of your many followers. But I’m sure many are like me and appreciate what you do. I wanted to pass along an article I wrote that sums up many years of thoughts because you inspired a ton of it. It is heavily influenced by your content from over the years. I've implemented more into my investing thesis with things I've learned from your content than anyone else. Your work inspires the way I invest my wealth but more importantly the ability to feel calm as the financial system continues to unwind. I have not always felt that way. So, Thank You! #Bitcoin is Hope!

DeanoRolls (@deanoroll5)

Everything Is Monetized!

TL/DR: If the currency isn’t scarce, everything else on the planet that humans desire will become scarce. I’ve spent the last 15+ years (since ...

Breaking News Fitch starting to figure out what almost every #Bitcoin HODL’er has known for some time.

Tim's Ford State Park - Winchester TN We checked the box on Tim's Ford State Park. We aren't really lake people but we stayed in Winchester, TN at Tim's Ford for an extended weekend where we did other activities (Jack Daniel's, Molly's Graduation, and some cool hikes). Gran was there and made us a delicious breakfast in one of their cabins. All that was enough to check the box on this state park.

Just checked my resting heart rate before I ride the bike. Watched it for a few minutes. Went between 44-46 bpm. I’m 50 and off the charts low even for an 18 year old. I am going to live forever based on that metric. I can’t wait to pull my blood work again. I bet all my markers are going to be drastically different than when I pulled them at year end. For most of this year I’ve eaten no processed foods (mainly ground beef, eggs, milk, cheese, honey, and fruit). Most importantly NO SEED OILS! I’ve lost 24 pounds and 5% body fat since the beginning of the year. “You keep eating like that and you are gonna have problems!” — Many people in much worse shape than me

No matter how you look at it this isn’t looking good. A system awash in debt and without a hint of restraint can’t handle rates like this. The debt will either inflate or the currency will be debased. Neither are good for bondholders. Bonds are Certificates of Confiscation. #bitcoin

@npub1zrys...8vpd spitting straight fire with @Saifedean Ammous The bond guys HAVE TO come to Bitcoin. If they don’t they get obliterated. They’ll figure it out at some point (some kinda are). Get your sats before these ass clowns do. Don’t sell your coins to them when they want them. Great episode! Best Foss appearance in a long time (which is saying something). file:///var/mobile/Library/SMS/Attachments/fe/14/1CDAAA06-3134-4E4C-A3A6-617F92BEDB30/tmp.gif

Touring Jack Daniel's Distillery and Miss Mary Bobo's Restaurant - Lynchburg, TN The whole family headed to Molly's college graduation. On the way, we spent a day together in Lynchburg, TN visiting Jack Daniel's Distillery. Gran found a great restaurant, Miss Mary Bobo's, that was in an old boarding house near downtown. We headed to our tour full of delicious food. The tour of the immaculate grounds was great, and the history was interesting. We opted for the non-tasting tour. Due to an unfortunate incident/evening back in college with the hooch that was fine with me!

The number of #Bitcoin on exchanges is now lower than at the end of the 2017 bull run. See attached chart. The peeps that HODL coins aren't going to give them back easily. The mining reward is getting cut in half this year with the halving (6.25 down to 3.125). Supply suffocation = INBOUND Tick tock, next block. Why do I say HODL'ers aren't going to give them back easily? Enter the HODL Wave chart (see attached chart). During peaks in price coins change hands (HODL'ers sell) and during bears they don't. Less have changed hands this time than EVER before (more have held their coins longer than ever). Fewer coins leaving existing HODL'ers hands AND fewer coins are being created AND exchanges having fewer coins available to sell to people wanting to buy Bitcoin. If demand cranks up prices are going to have to rise to convince the HODL'ers to part with their coins. I personally know a few HODL'ers and there is NO price that is going to bring their coins back online...NONE. I suspect there are MANY just like the ones I know. Good luck buyers!

Everything Is Monetized! TL/DR: If the currency isn’t scarce, everything else on the planet that humans desire will become scarce. I’ve spent the last 15+ years (since the ’08 financial crisis) trying to figure out how to manage money during unprecedented times. We are living in an experiment. My guess is you are going to have to try new things (while also adhering to some old things) to thrive! I doubt I have it figured out, but I’m closer than I was. Here’s why I’m doing what I’m doing. I hope you find it helpful in thinking about your financial journey.

DeanoRolls (@deanoroll5)

Everything Is Monetized!

TL/DR: If the currency isn’t scarce, everything else on the planet that humans desire will become scarce. I’ve spent the last 15+ years (since ...

This! Forever…This!