VITAL STATS Block 630,495Price: $9479Market Cap: $174 billionMayer Multiple: 1.176Est. Difficulty Adjustment: -1.3% in 3 DaysPrev Adj: +0.9%Weekly price H/L: $9970 / $8160Sats/$1 USD: 10,550Finney (1/10,000 btc): $0.97Disclaimer MARKET COMMENTARY A Short Story Bitcoin hodling ain’t easy. After studying a little, …
In this episode I walk through an understanding of Liquidity and how the actions of the Federal Reserve can’t increase liquidity and flow in the economy. I also give a quick definition of the REPO market and interpret it as a money substitute factory – a place that creates and destroys money substitutes. This is the consensus layer of the global financial system and how we need to define what money is. It’s money substitutes that flow through the REPO and money markets.
Subscribe to get the Fundamentals Report in your inbox every Friday VITAL STATS Block 629,528Days until halving: 3Mayer Multiple: 1.24Est. Difficulty Adjustment: +2.0% in 13 daysPrev Adj: +0.9%Weekly price H/L: $10079 / $8533Sats/$1 USD: 10,010 satsFinney (1/10,000 btc): $0.98Disclaimer MARKET …
You just lived through history again. Of course, so many events over the last few months have been historic but the oil rout yesterday is one of the biggest.
In this episode I tackle different types of money, debt, fiat and commodity monies. I discuss how they behave differently as a global money standard. Debt has a unique aspect of global deflation that’s not shared with other forms of money. I discuss bailouts at money replacement, not money expansion. Finally, I wrap up with how this all ends.
In part one of this series I describe two important schools of thought on the global monetary system and the future of the dollar: the Dollar Milkshake and the Eurodollar. Then I try to establish a definition for inflation as a monetary phenomenon based on mainstream Milton Friedman, Mises and my own defintition. Lastly, I ask the question if what we think of as monetary expansion today, is actually monetary expansion.
Legacy markets are beginning to roll back over as the crisis continues. The dollar ($DXY) is breaking 100 again, gold is hitting cycle highs, US 10Y yields are falling, oil broke $20/bbl again, and bitcoin is having a strong green day, with elevated volume. Even stocks are looking droopy.