A nation state will now be using Bitcoin for international trade. In another case of the Law of Unintended Consequences, punitive US sanctions on the Iranian banking system forced Iran to seek alternative methods to conduct trade and are expediting hyperbitcoinization.… Read more
Month: October 2020
The Bitcoin Life Raft – Raoul Pal
It seems macro guru Raoul Pal agrees with my assessment of where things are going…
This recently released video from Raoul is well worth your time.
The Dominoes Keep Falling part 2
4.) Stone Ridge Asset Management, a firm with $10B under management, created a $115M digital asset fund in which they purchased some 10,000 bitcoins. The Bitcoin fund was created after firm employees began accumulating Bitcoin for their personal accounts and clients increasingly wanted exposure.… Read more
The Dominoes Keep Falling
In this post I am linking a series of articles from the last month to paint a picture.
1.) MicroStrategy, a Nasdaq listed publicly traded company, had about $550M in cash on its balance sheet, and put $425M of it into Bitcoin.… Read more