Death Ca₿ to QE
@DeathCabToQE
#Bitcoin & Macro research. Evil Speculator. Ex-Bitcoin Miner. Tech systems Architecture. Fix the money, fix the world.
For anyone who didn't realize, THIS is why the CPI can't be trusted. Meat & egg prices are skyrocketing so what does the Fed do? Lower the weighting percentage for them in the CPI of course.

When people have next to nothing, they turn to collectivism. When people have absolutely nothing, they turn to religion. It's the same thing, just a matter of degree.
JUST IN - I'm accepting Bitcoin payments from government agencies that want to reimburse my loss of purchasing power from the trillions they printed out of thin air.
JUST IN - U.S. Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the nation's $36.7 trillion debt — NYP
Yeah it’s cool that Bitcoin is liquid enough to soak up an 80k market sell, but uh… who the hell fat fingers 80k worth of btc? Suss AF
Gamesquare (GAME) a company that was hemorrhaging cash and employees, decides to YOLO an IPO and proceeds to use capital markets to purchase shitcoins and dormant NFTs. Seems clear this is a cash grab by means of wash trading. Not going to end well.

I guess this proves the 80k Bitcoin moved last month was hacked from a dormant wallet. No actual bitcoiner would blow their load like that.
Equities aren't rising, the Dollar is declining. Here's Netflix going parabolic since 22' even though every person with eyes knows the content has gone to shit, and earnings are essentially pacing inflation. It's all Kabuki.

Now apply this to literally all government programs and realize why collectivism never works.
BREAKING: City-funded grocery store trial in Kansas City has already failed. Shelves are completely empty, food rotten, theft.
Yeah this is nonsense. Fed is issuing a lot of ST debt recently so that would roll over but that is still a small % of the overall debt outstanding and LT issuance won't rollover for quite a while. If Fed lowered to 3% the interest payment may fall by ~30bn in a year. If…

Sometimes they age well.
Bitcoin treasury companies and option plays will replace shitcoins as the new degen gambling arena. Shitcoins filled a void. Those who were late to Bitcoin could still gamble with little money and maybe get lucky. The downside is 99.99% of shitcoins are pump and dump scams…
What a 'coincidence' that Bitcoin seem to mirror Austrian business cycles. Credit expansion -> liquidity -> malinvestment -> overexuberance -> contraction -> bankruptcies -> rebalancing. Rinse, repeat.
If you still own ETH I would recommend using this pump as exit liquidity. Consider; - Institutions bought billions of ETH thinking it was the 'next bitcoin' then proceeded to get hosed for 36 months. - There is no new ETH hype narrative - There is no fundamental thesis change…

Who is paying these people to promote the exit liquidity ETH pump?

It’s very easy to see nominal gains. It’s very hard to see lost purchasing power.
This is how easy it is to fool / manipulate the mainstream. The people who flaunt ‘having money’ are almost always living beyond their means. House looks like a rental to me. No decorations, everything in boxes. Probably more debt than assets. Make it your mission in life…
Fuck you money
The definition of 'main stream' is to miss the signal amongst the noise. Here's some signal for you. Private security, closed communities, walled homes, metropolitan exodus, Bitcoin adoption. All signs of collapsing trust in society.
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And this is why humans shouldn’t have control of monetary policy. It will become this, every time.

Make that $150k.
If Trump actually manages to fire J Powell, I think Bitcoin is back over $100k in a matter of days. Whoever he installs will be an absolute low rates, easy money Yes Man.
Almost target #1
Don't look now, Bitcoin just broke out of the most obvious cup & handle formation in history. Target = ~$131,248 USD
Interesting to watch people complain about blocks being full, then 12 months later complain about blocks being empty. I think the lesson here is that people like to complain.