If you’ve never heard of a *debt spiral*, it’s time you did, and ask the question, "is the US already in one?" Let’s dig in and answer that. A debt 🧵👇

10/ Remember: $ liq number go up, stonks & $BTC pump $ liq number go down, stonks & $BTC dump You might as well throw away all those useless economics text books that talk about earnings and other nonsense. JAYPOW is yo daddy, give him some respect!

🤡🌎

#Bitcoin is Hard Money

If your big tech job consists of: late am start → latte break → yoga break → gourmet lunch break → nap → gaming break → smoothie break I might be concerned about that job right about now.

Macro Hang w/ Jeff Booth ⚡️ Preston Pysh & FOSS - #forthekids x.com/i/broadcasts/1…

The world’s greatest investors explain why they hodl #bitcoin

Great bit from Russell Brand on Central Bank Digital Currencies The silence in the MSM so far on this topic has been deafening It’s not as if CBDCs are a pipe dream The CCP is already experimenting with them on some 300 million people

“But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly” — Arthur Hayes entrepreneurshandbook.co/speechless-9b1…

Today at Princeton, CFTC Chair Rostin Behnam said that the only cryptocurrency that should be viewed as a commodity is #Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity. fortune.com/crypto/2022/11…

Bitcoin miners have clearly been capitulating their BTC holdings over the last week. The interesting thing to note here is that while this is true -- price has been flat/grinding slightly up🤔

1.4 billion people in Africa and bitcoin adoption is coming ⚡️🌍🙏🏾

Here for a good time not a long time. Mofos were climbing over walls to get in. The cops shut us down, thank you all for coming. Stay tuned for the next event, we ain’t fucking done.

“Your Honor, Michael Lewis said he didn’t do anything wrong.”

This is awesome.

Bonds are a good hedge for stock investors only if core inflation is predictably below 3%. Otherwise they suck at diversifying portfolios.

WATCH: 🇦🇪 The evolution of Dubai in 2 mins.

Elon Musk's first day at the Department of Government Efficiency

If Ethereum is just going to be a bulletin board for a bunch of single-sequenced L2s then we should agree that basically nothing revelatory or novel came out of ~6 years of trying to solve fair ordering / decentralized trading on a distributed network. There was absolutely