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
Tag: Economics
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 Changing World Order – Ray Dalio
As it turns out, I am not the only one who sees the end of the current monetary system on the horizon. Ray Dalio, one of the world’s most successful macro investors, is writing a book on this very topic. As Ray writes each chapter, he posts it online to read for free.… Read more
You Must Own Bitcoin and Gold
I was going to write a post detailing the precarious situation the global financial system is in, and why you need to hedge risk in this scenario. However, I finally read the following piece, which I’ve had open in a browser tab since Christmas, and it basically explains everything I wanted to say.… Read more
Bitcoin Cannot be Banned
Here is the latest installment of Mr. Parker Lewis’ incredible series of blog posts, Gradually, Then Suddenly. Herein he dives into the catchall dismissal heaved around by skeptical precoiners, status-quo shills, and antagonistic nocoiners that “The government will ban it soon.”… Read more