In 2000, at the depth of the dot com crash, Reed Hastings and I tried to sell Netflix to Blockbuster for $50 million dollars. They laughed us out of the room. Today, the company they could have bought for $50 million has a market cap north of $150 billion. And the company that

“When the money is strong, people think long!” Catch Saifedean Ammous and Lord Keynes in “Melting Money & Fancy Fridges”.

Good evening. It took approximately 205 years for the US Treasury to accumulate its first trillion dollars of debt. The 38th trillion? Just 71 days. Have a great night.

meeting of the minds

⚡️If this is accurate, it confirms the structural shift we have been modeling. Putting Bessent as Treasury Secretary and top economic adviser with Hassett as Fed Chair would be nothing less than a total inversion of the post-2008 monetary regime. This is a regime rewrite. The

incoming

#Bitcoin turns raw energy into verifiable scarcity, which makes it more real than any money humans have ever used. 🟧

The Cantillion Effect in 1 image

legendary economist F.A. Hayek, predicting the future of money in 1984: "I don't believe we shall have good money until we take it from the government. All we can do is, by a sly, roundabout way, introduce something they can't stop." This is why we #Bitcoin 🔥

I’ve spent 30 years handicapping markets the way my father taught me to handicap horses. Do the work. Ignore the crowd. Bet big only when the odds are mispriced. After applying that same framework to Bitcoin, I’ve come to a simple conclusion: This is the most asymmetric bet of

Today marks a major milestone for institutional bitcoin adoption. PNC becomes the first major U.S. bank to offer direct bitcoin trading to clients. The new service for PNC Private Bank is powered by Coinbase.

Let’s go!!

#Bitcoin

A $1.3 million Bitcoin price assumes BTC only grows from 9% to 25% of gold’s market cap, but as gold’s market cap keeps rising, even that $1M target starts to look absurdly low.

Dividend paying equities indirectly backed by Bitcoin will look very reliable in the near future.

🇺🇸BITCOIN ACT: 1 MILLION BITCOIN BUY! "The legislation outlines a plan to phase in the acquisition of 1 MILLION #Bitcoin or roughly 5% of total $BTC supply over 5 years."

No man should work for what another man can print - $XXI #bitcoin

We've been working closely with NVIDIA to build the next generation of frontier models, which we debut today: our family of General World Models. We are thrilled to deepen our partnership with Jensen and his team. To celebrate, Jensen sent us a special holiday message. Hope you