When all markets are on fire, it’s interesting to cruise twitter and see what people are saying. We compiled a bunch of random tweets from big follower accounts to Bitcoin plebs to check the temperature on where people’s heads are at. As the old saying goes, never trust what people are saying on social media, but you can certainly find some interesting takes.
-Elon turning on Starlink in Iran
-Dollar crushing, euro crumbling
-Stocks at year's lows
-Global recession fears
-Media saying "overtighten" daily
-Jerome Powell smug about US recession
-Emerging markets risk collapse
-Oil prices signaling global slowdown
Have a nice weekend?
If central banks didn’t exist we wouldn’t have any of these problems caused by central banks.
#Bitcoin fixes this.
“If the government prints money & you lend your money to the government they can make the economy better & they’ll pay you back enough to beat inflation.”
-20th century fiat economist, the dumbest human subspecies ever invented
I see “stock market crash” trending and then I check to see how bad it is
DOW is -1.87%
Boomers are funny
U.K. bond holders:
Holding a sovereign liability that's selling off as rates rise, earning interest in pounds that are depreciating in dollar terms, as dollars depreciate against everything else.
Congrats on this, seriously.
fejau @fejau_inc
The Bank of England loves to bash #bitcoin and yet, the pound is the joke, down -3.41% IN A SINGLE DAY and -20% vs the $USD in 9 months.
The oldest fiat currency in the world (1694), now backed by nothing, is counterfeit money 100% certain to debase.
#BTC> $GBP
The last time global financial markets smelled like this, there were only a handful of US invasions at edge of empire and bitcoin was still in the white paper womb
This time we are in the early stages of world war but bitcoin is now fully formed and ready to protect
When banks go into self-preservation mode and clamor to raise cash, maybe you should too.
#CreditSuisse
Performance of a few major indices since the COVID bottom.
Bitcoin: +201%
Commodities: +86%
Nasdaq: +62%
Russell 3000: +60%
Gold: +7%
High Yield Bonds: +4%
Long Duration Bonds: -33%
When the notion of an economy for the majority of the population becomes:
1) How do I protect myself from currency destruction/manipulation?
versus
2) How do I create value for others?
You know the end of an era is near.
....And a new one beginning.
#Bitcoin
Bitcoin Twitter seems to have somewhat of a consensus that price is at its lowest for this cycle’s bear.
See you guys when it drops even more😉
It’s time to separate money from state. #Bitcoin
unusual_whales @unusual_whales
Below are the top 20 largest peak to trough drawdowns for the S&P 500 going back to 1961.
Never, IN HISTORY, in an EXTREME drawdown for stocks, have Treasuries, THE risk-off asset, GONE DOWN MORE THAN STOCKS.
WAKE. THE. FUCK. UP.
$TLT $SPY
The British pound, Japanese Yen, South Korean Won, Polish Zloty, the Euro, Australian & New Zealand dollars, Chinese Yuan, Swedish Krona, basically all currencies tanking against the US dollar.
What do you call a global FX crisis?
You may not like #Bitcoin, but the Central Banks of the World have noticed and are concocting their antidote: CBDCs. Inversely the antidote to CBDCs is BTC. Eventually there will be only one choice between financial slavery to central authority, or self sovereignty through #BTC.
We are in the middle of an energy crisis.
Tonight Belgium is shutting down a nuclear power plant that has provided 10% of the country's electricity.
Amazing🤡
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